Molina Healthcare (NYSE:MOH) Reaches New 1-Year High Following Analyst Upgrade

Molina Healthcare, Inc. (NYSE:MOHGet Free Report) reached a new 52-week high during mid-day trading on Monday after Cantor Fitzgerald raised their price target on the stock from $374.00 to $406.00. Cantor Fitzgerald currently has an overweight rating on the stock. Molina Healthcare traded as high as $393.34 and last traded at $392.63, with a volume of 438731 shares trading hands. The stock had previously closed at $388.67.

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 8th. UBS Group increased their price target on Molina Healthcare from $350.00 to $380.00 and gave the stock a “neutral” rating in a research report on Thursday, December 21st. Finally, JPMorgan Chase & Co. increased their price target on Molina Healthcare from $367.00 to $392.00 and gave the stock an “overweight” rating in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $357.50.

View Our Latest Stock Report on MOH

Insider Activity

In other news, Director Ronna Romney sold 335 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $358.00, for a total transaction of $119,930.00. Following the sale, the director now directly owns 16,907 shares in the company, valued at approximately $6,052,706. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Molina Healthcare in the 3rd quarter valued at about $30,000. ST Germain D J Co. Inc. purchased a new position in Molina Healthcare in the 2nd quarter worth approximately $33,000. McIlrath & Eck LLC purchased a new position in Molina Healthcare in the 4th quarter worth approximately $34,000. Coppell Advisory Solutions Corp. purchased a new position in Molina Healthcare in the 4th quarter worth approximately $34,000. Finally, VisionPoint Advisory Group LLC lifted its stake in Molina Healthcare by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock worth $36,000 after purchasing an additional 57 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Price Performance

The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.47 and a current ratio of 1.54. The stock’s 50 day simple moving average is $367.83 and its two-hundred day simple moving average is $345.70. The firm has a market capitalization of $22.89 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 1.12 and a beta of 0.45.

Molina Healthcare (NYSE:MOHGet Free Report) last released its earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The business had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same period last year, the company posted $4.10 EPS. The business’s revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts forecast that Molina Healthcare, Inc. will post 23.55 EPS for the current year.

About Molina Healthcare

(Get Free Report)

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.

Further Reading

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