Molina Healthcare (NYSE:MOH) Shares Gap Up to $360.85

Shares of Molina Healthcare, Inc. (NYSE:MOH) gapped up prior to trading on Tuesday . The stock had previously closed at $360.85, but opened at $368.89. Molina Healthcare shares last traded at $361.98, with a volume of 72,571 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MOH. Bank of America downgraded Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target on the stock. in a research note on Thursday, March 28th. Truist Financial increased their price target on Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. UBS Group increased their price target on Molina Healthcare from $350.00 to $380.00 and gave the company a “neutral” rating in a research note on Thursday, December 21st. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Finally, Wells Fargo & Company lowered their price objective on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $393.09.

Molina Healthcare Stock Performance

The stock has a fifty day simple moving average of $395.16 and a 200-day simple moving average of $370.78. The stock has a market cap of $21.08 billion, a P/E ratio of 19.16, a PEG ratio of 1.01 and a beta of 0.47. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 1.54.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.35 billion. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.10 EPS. On average, equities analysts expect that Molina Healthcare, Inc. will post 23.62 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Richard M. Schapiro sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the completion of the transaction, the director now owns 11,207 shares in the company, valued at approximately $4,494,567.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Richard M. Schapiro sold 711 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the transaction, the director now owns 12,207 shares in the company, valued at approximately $4,688,220.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard M. Schapiro sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the completion of the transaction, the director now owns 11,207 shares of the company’s stock, valued at approximately $4,494,567.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,711 shares of company stock worth $6,472,517. Corporate insiders own 1.11% of the company’s stock.

Hedge Funds Weigh In On Molina Healthcare

Several hedge funds have recently modified their holdings of MOH. Vanguard Group Inc. lifted its stake in Molina Healthcare by 18.4% in the 1st quarter. Vanguard Group Inc. now owns 6,449,375 shares of the company’s stock valued at $2,151,448,000 after purchasing an additional 1,001,372 shares during the last quarter. Norges Bank acquired a new stake in Molina Healthcare in the 4th quarter valued at about $275,143,000. Durable Capital Partners LP acquired a new stake in Molina Healthcare in the 1st quarter valued at about $214,363,000. Invesco Ltd. lifted its stake in Molina Healthcare by 151.6% in the 1st quarter. Invesco Ltd. now owns 893,693 shares of the company’s stock valued at $298,128,000 after purchasing an additional 538,493 shares during the last quarter. Finally, State Street Corp lifted its stake in Molina Healthcare by 25.6% in the 1st quarter. State Street Corp now owns 2,457,008 shares of the company’s stock valued at $819,633,000 after purchasing an additional 501,107 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

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.