ValuEngine Lowers Molina Healthcare Inc (NYSE:MOH) to Hold
Molina Healthcare Inc (NYSE:MOH) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Tuesday, July 11th.
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Thursday, May 4th. Jefferies Group LLC restated a “hold” rating and issued a $61.00 price objective on shares of Molina Healthcare in a research note on Thursday, June 8th. Morgan Stanley initiated coverage on shares of Molina Healthcare in a research note on Tuesday, June 6th. They issued an “underweight” rating and a $65.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Molina Healthcare from $45.00 to $47.00 and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. Finally, Wolfe Research initiated coverage on shares of Molina Healthcare in a research note on Friday, May 5th. They issued a “market perform” rating and a $69.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Molina Healthcare has an average rating of “Hold” and a consensus target price of $60.75.
Shares of Molina Healthcare (NYSE:MOH) opened at 59.80 on Tuesday. The firm’s market cap is $3.35 billion. The stock has a 50 day moving average of $69.82 and a 200 day moving average of $58.86. Molina Healthcare has a 52-week low of $42.56 and a 52-week high of $72.79.
Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, August 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.87. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $4.88 billion. Molina Healthcare had a negative net margin of 1.07% and a negative return on equity of 3.93%. Molina Healthcare’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 earnings per share. Equities analysts predict that Molina Healthcare will post $2.20 EPS for the current fiscal year.
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In other Molina Healthcare news, Director J Mario Md Molina sold 15,000 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $66.09, for a total value of $991,350.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John C. Molina sold 21,277 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $70.53, for a total transaction of $1,500,666.81. Following the completion of the sale, the director now directly owns 611,154 shares in the company, valued at approximately $43,104,691.62. The disclosure for this sale can be found here. Insiders have sold 187,384 shares of company stock worth $12,796,072 in the last ninety days. 6.20% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in MOH. Point72 Asset Management L.P. raised its stake in shares of Molina Healthcare by 1,821.5% in the first quarter. Point72 Asset Management L.P. now owns 599,500 shares of the company’s stock valued at $27,337,000 after buying an additional 568,300 shares during the period. Norges Bank acquired a new stake in shares of Molina Healthcare during the fourth quarter valued at about $29,447,000. Acadian Asset Management LLC raised its stake in shares of Molina Healthcare by 6,812.6% in the second quarter. Acadian Asset Management LLC now owns 415,587 shares of the company’s stock valued at $28,748,000 after buying an additional 409,575 shares during the period. Redmile Group LLC raised its stake in shares of Molina Healthcare by 42.7% in the first quarter. Redmile Group LLC now owns 1,149,727 shares of the company’s stock valued at $52,428,000 after buying an additional 344,181 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Molina Healthcare by 12.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,488,977 shares of the company’s stock valued at $113,498,000 after buying an additional 282,144 shares during the period. 93.79% of the stock is currently owned by hedge funds and other institutional investors.
About Molina Healthcare
Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.
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