Molina Healthcare (NYSE:MOH) Research Coverage Started at Loop Capital

Analysts at Loop Capital started coverage on shares of Molina Healthcare (NYSE:MOHGet Rating) in a report issued on Thursday, The Fly reports. The firm set a “hold” rating on the stock.

Several other equities research analysts also recently issued reports on the company. Cowen upped their price target on Molina Healthcare from $356.00 to $366.00 in a report on Monday, May 2nd. Wells Fargo & Company decreased their price target on Molina Healthcare from $308.00 to $301.00 and set an “underweight” rating for the company in a report on Wednesday, May 25th. Bank of America cut Molina Healthcare from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $355.00 to $335.00 in a research report on Thursday, May 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on Molina Healthcare from $308.00 to $311.00 in a research report on Monday, May 2nd. Finally, Cowen boosted their price objective on Molina Healthcare from $356.00 to $366.00 in a research report on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $337.23.

Shares of NYSE MOH traded down $5.65 during midday trading on Thursday, hitting $254.69. 22,942 shares of the stock traded hands, compared to its average volume of 519,988. The company has a market cap of $14.95 billion, a PE ratio of 21.68, a P/E/G ratio of 0.98 and a beta of 0.81. Molina Healthcare has a one year low of $239.30 and a one year high of $350.19. The business has a 50 day moving average price of $307.37 and a two-hundred day moving average price of $307.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.44 and a current ratio of 1.44.

Molina Healthcare (NYSE:MOHGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $4.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.16. Molina Healthcare had a return on equity of 31.85% and a net margin of 2.37%. The business had revenue of $7.77 billion during the quarter, compared to the consensus estimate of $7.54 billion. During the same quarter in the prior year, the company posted $4.44 earnings per share. As a group, equities research analysts forecast that Molina Healthcare will post 17.18 EPS for the current fiscal year.

In other news, Director Ronna Romney sold 200 shares of the stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $307.94, for a total transaction of $61,588.00. Following the transaction, the director now directly owns 16,657 shares in the company, valued at approximately $5,129,356.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in Molina Healthcare during the 4th quarter worth approximately $38,143,000. UBS Group AG grew its position in Molina Healthcare by 231.3% during the 3rd quarter. UBS Group AG now owns 43,013 shares of the company’s stock worth $11,669,000 after acquiring an additional 30,029 shares during the last quarter. Tealwood Asset Management Inc. bought a new position in Molina Healthcare during the 3rd quarter worth approximately $1,587,000. Victory Capital Management Inc. grew its position in Molina Healthcare by 0.8% during the 4th quarter. Victory Capital Management Inc. now owns 580,060 shares of the company’s stock worth $184,506,000 after acquiring an additional 4,684 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Molina Healthcare by 8.5% during the 4th quarter. Bank of America Corp DE now owns 284,533 shares of the company’s stock worth $90,504,000 after acquiring an additional 22,347 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

About Molina Healthcare (Get Rating)

Molina Healthcare, Inc provides managed health care 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. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states.

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