Molina Healthcare (NYSE:MOH) Cut to “Hold” at TD Cowen

TD Cowen lowered shares of Molina Healthcare (NYSE:MOH) from a buy rating to a hold rating in a report released on Thursday, Marketbeat.com reports. TD Cowen currently has $203.00 price target on the stock.

A number of other research analysts have also issued reports on MOH. Cantor Fitzgerald restated a “neutral” rating and set a $210.00 price target on shares of Molina Healthcare in a research note on Tuesday, August 26th. JPMorgan Chase & Co. dropped their price objective on shares of Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating on the stock in a report on Tuesday, July 29th. Mizuho cut their target price on Molina Healthcare from $400.00 to $330.00 and set an “outperform” rating on the stock in a research report on Friday, July 11th. Wall Street Zen cut Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Sunday, June 29th. Finally, Sanford C. Bernstein dropped their price target on Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating on the stock in a research note on Friday, September 5th. Three analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and a consensus price target of $222.15.

Molina Healthcare Trading Up 2.1%

NYSE MOH opened at $192.47 on Thursday. Molina Healthcare has a one year low of $151.95 and a one year high of $359.97. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of 9.49 and a beta of 0.55. The company’s 50-day simple moving average is $181.93 and its two-hundred day simple moving average is $244.17.

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

Insiders Place Their Bets

In other Molina Healthcare news, Director Ronna Romney sold 700 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total transaction of $107,618.00. Following the completion of the transaction, the director owned 17,131 shares of the company’s stock, valued at $2,633,719.94. This represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James Woys acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was purchased at an average price of $155.94 per share, for a total transaction of $1,559,400.00. Following the acquisition, the chief operating officer directly owned 74,331 shares in the company, valued at $11,591,176.14. This represents a 15.54% increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Ethic Inc. boosted its holdings in Molina Healthcare by 59.3% during the 3rd quarter. Ethic Inc. now owns 6,165 shares of the company’s stock valued at $1,180,000 after acquiring an additional 2,296 shares during the period. Three Seasons Wealth LLC purchased a new position in shares of Molina Healthcare in the third quarter valued at approximately $365,000. Tealwood Asset Management Inc. boosted its stake in shares of Molina Healthcare by 37.0% in the third quarter. Tealwood Asset Management Inc. now owns 6,088 shares of the company’s stock valued at $1,165,000 after purchasing an additional 1,643 shares during the period. Perigon Wealth Management LLC acquired a new position in shares of Molina Healthcare in the third quarter valued at approximately $536,000. Finally, CWM LLC increased its stake in Molina Healthcare by 364.9% during the 3rd quarter. CWM LLC now owns 76,049 shares of the company’s stock worth $14,553,000 after buying an additional 59,690 shares during the period. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

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.