Molina Healthcare (NYSE:MOH) Rating Lowered to Hold at StockNews.com

Molina Healthcare (NYSE:MOH) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

MOH has been the topic of several other research reports. Mizuho dropped their price target on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. UBS Group decreased their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. Truist Financial reduced their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, Barclays reduced their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Molina Healthcare currently has an average rating of “Hold” and a consensus target price of $355.69.

Molina Healthcare Price Performance

NYSE MOH traded up $5.95 on Monday, hitting $333.28. 821,585 shares of the company’s stock were exchanged, compared to its average volume of 774,906. Molina Healthcare has a 52 week low of $262.32 and a 52 week high of $423.92. The stock has a market cap of $18.50 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 1.06 and a beta of 0.56. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average of $295.28 and a 200-day moving average of $311.40.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. Analysts expect that Molina Healthcare will post 24.4 earnings per share for the current year.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the transaction, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Molina Healthcare

Large investors have recently added to or reduced their stakes in the stock. Waldron Private Wealth LLC lifted its position in shares of Molina Healthcare by 4.7% in the 4th quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock worth $212,000 after purchasing an additional 33 shares during the period. WCM Investment Management LLC increased its stake in shares of Molina Healthcare by 3.4% in the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock worth $369,000 after acquiring an additional 36 shares during the period. Metis Global Partners LLC boosted its holdings in Molina Healthcare by 1.4% during the third quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock worth $960,000 after buying an additional 39 shares in the last quarter. Angeles Investment Advisors LLC boosted its holdings in Molina Healthcare by 5.4% during the fourth quarter. Angeles Investment Advisors LLC now owns 838 shares of the company’s stock worth $244,000 after buying an additional 43 shares in the last quarter. Finally, Caprock Group LLC boosted its holdings in Molina Healthcare by 3.3% during the third quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock worth $503,000 after buying an additional 47 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Company Profile

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.