Molina Healthcare (NYSE:MOH) Earns Neutral Rating from Cantor Fitzgerald

Molina Healthcare (NYSE:MOH)‘s stock had its “neutral” rating reissued by stock analysts at Cantor Fitzgerald in a research note issued to investors on Friday, MarketBeat.com reports. They currently have a $210.00 price target on the stock, down from their prior price target of $312.00. Cantor Fitzgerald’s price objective indicates a potential upside of 27.30% from the stock’s previous close.

Several other brokerages have also issued reports on MOH. Truist Financial cut their target price on shares of Molina Healthcare from $400.00 to $335.00 and set a “buy” rating for the company in a research report on Wednesday, July 16th. Mizuho cut their target price on shares of Molina Healthcare from $400.00 to $330.00 and set an “outperform” rating for the company in a research report on Friday, July 11th. Baird R W lowered shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Sanford C. Bernstein started coverage on shares of Molina Healthcare in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $414.00 target price for the company. Finally, Wells Fargo & Company cut their target price on shares of Molina Healthcare from $372.00 to $216.00 and set an “overweight” rating for the company in a research report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $267.42.

Molina Healthcare Stock Up 4.3%

MOH opened at $164.97 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average price of $267.38 and a 200-day moving average price of $296.17. Molina Healthcare has a twelve month low of $156.36 and a twelve month high of $365.23. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 1.18 and a beta of 0.55.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $5.48 earnings per share for the quarter, missing the consensus estimate of $5.50 by ($0.02). The company had revenue of $11.43 billion for the quarter, compared to analysts’ expectations of $10.94 billion. Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned $5.86 earnings per share. Equities research analysts forecast that Molina Healthcare will post 24.4 earnings per share for the current year.

Insider Buying and Selling at Molina Healthcare

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

Institutional Investors Weigh In On Molina Healthcare

Large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its position in shares of Molina Healthcare by 20.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,847 shares of the company’s stock valued at $550,000 after acquiring an additional 318 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Molina Healthcare by 43.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 29,684 shares of the company’s stock valued at $9,092,000 after acquiring an additional 9,016 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Molina Healthcare during the 2nd quarter valued at about $94,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of Molina Healthcare by 13.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,655 shares of the company’s stock valued at $2,876,000 after acquiring an additional 1,143 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Molina Healthcare by 7.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 944 shares of the company’s stock valued at $281,000 after acquiring an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

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.