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

Molina Healthcare, Inc (NYSE:MOH) has received an average rating of “Hold” from the fifteen research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $193.4667.

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their target price on Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Wells Fargo & Company boosted their price objective on Molina Healthcare from $165.00 to $208.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $224.00 target price on shares of Molina Healthcare in a research note on Tuesday, January 6th. Truist Financial set a $175.00 price target on shares of Molina Healthcare in a research report on Friday, October 24th. Finally, Barclays increased their price objective on shares of Molina Healthcare from $144.00 to $164.00 and gave the company an “underweight” rating in a report on Monday, January 5th.

Insider Activity

In related news, Director Richard M. Schapiro sold 357 shares of Molina Healthcare stock in a transaction on Monday, November 24th. The stock was sold at an average price of $143.02, for a total transaction of $51,058.14. Following the completion of the sale, the director directly owned 11,352 shares of the company’s stock, valued at $1,623,563.04. The trade was a 3.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Molina Healthcare

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Merit Financial Group LLC lifted its position in Molina Healthcare by 289.3% in the 3rd quarter. Merit Financial Group LLC now owns 11,735 shares of the company’s stock valued at $2,246,000 after acquiring an additional 8,721 shares in the last quarter. Gibraltar Capital Management Inc. bought a new stake in shares of Molina Healthcare in the third quarter valued at about $6,709,000. Cerity Partners LLC lifted its holdings in shares of Molina Healthcare by 245.3% in the third quarter. Cerity Partners LLC now owns 80,608 shares of the company’s stock valued at $15,425,000 after purchasing an additional 57,266 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Molina Healthcare by 189.5% during the third quarter. Brighton Jones LLC now owns 13,148 shares of the company’s stock worth $2,516,000 after buying an additional 8,607 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Molina Healthcare by 71.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 80,559 shares of the company’s stock worth $23,999,000 after buying an additional 33,587 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

MOH stock opened at $184.74 on Friday. The company has a 50 day moving average price of $170.23 and a 200 day moving average price of $172.18. Molina Healthcare has a fifty-two week low of $133.40 and a fifty-two week high of $359.97. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market capitalization of $10.01 billion, a PE ratio of 11.44 and a beta of 0.49.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.