Molina Healthcare, Inc (NYSE:MOH) Given Average Recommendation of “Hold” by Analysts

Molina Healthcare, Inc (NYSE:MOH) has received an average rating of “Hold” from the sixteen analysts that are currently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $364.21.

A number of analysts have commented on MOH shares. Sanford C. Bernstein assumed coverage on Molina Healthcare in a report on Tuesday, April 22nd. They set an “outperform” rating and a $414.00 price objective for the company. Baird R W cut Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Mizuho upped their price target on Molina Healthcare from $376.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, April 9th. Wall Street Zen upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, April 11th. Finally, Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th.

Insiders Place Their Bets

In related news, Director Richard M. Schapiro sold 669 shares of the business’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total transaction of $214,414.50. Following the sale, the director now owns 11,244 shares of the company’s stock, valued at $3,603,702. The trade was a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the transaction, the chief executive officer now directly owns 257,715 shares of the company’s stock, valued at $82,484,262.90. This represents a 25.35% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank increased its position in Molina Healthcare by 0.3% in the first quarter. Amalgamated Bank now owns 11,580 shares of the company’s stock worth $3,814,000 after buying an additional 33 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of Molina Healthcare by 60.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock valued at $30,000 after buying an additional 34 shares in the last quarter. JLB & Associates Inc. grew its stake in shares of Molina Healthcare by 0.3% during the 1st quarter. JLB & Associates Inc. now owns 10,626 shares of the company’s stock valued at $3,500,000 after acquiring an additional 36 shares during the period. PenderFund Capital Management Ltd. grew its stake in shares of Molina Healthcare by 0.4% during the 1st quarter. PenderFund Capital Management Ltd. now owns 10,071 shares of the company’s stock valued at $3,317,000 after acquiring an additional 40 shares during the period. Finally, Angeles Investment Advisors LLC increased its holdings in Molina Healthcare by 5.4% in the 4th quarter. Angeles Investment Advisors LLC now owns 838 shares of the company’s stock worth $244,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of MOH opened at $294.92 on Thursday. The business’s fifty day moving average is $313.43 and its 200 day moving average is $307.10. Molina Healthcare has a 12-month low of $262.32 and a 12-month high of $365.23. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.87. The stock has a market cap of $15.98 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.98 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, beating analysts’ consensus estimates of $5.96 by $0.12. The firm had revenue of $11.15 billion for the quarter, compared to analyst estimates of $10.86 billion. Molina Healthcare had a net margin of 2.81% and a return on equity of 28.38%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $5.73 earnings per share. Sell-side analysts anticipate that Molina Healthcare will post 24.4 earnings per share for the current fiscal year.

About Molina Healthcare

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.