Deutsche Bank AG Reiterates “Hold” Rating for Molina Healthcare Inc (NYSE:MOH)
Molina Healthcare Inc (NYSE:MOH)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank AG in a note issued to investors on Wednesday. They currently have a $72.00 price target on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 22.87% from the company’s previous close.
MOH has been the topic of several other reports. Zacks Investment Research upgraded Molina Healthcare from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Thursday, May 4th. BidaskClub lowered Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. ValuEngine upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Credit Suisse Group restated an “underperform” rating and set a $53.00 price target (up from $50.00) on shares of Molina Healthcare in a research report on Friday, July 14th. Finally, Jefferies Group LLC restated a “hold” rating and set a $61.00 price target on shares of Molina Healthcare in a research report on Thursday, June 8th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $62.18.
Molina Healthcare (MOH) opened at 58.60 on Wednesday. The stock’s 50 day moving average price is $69.33 and its 200-day moving average price is $58.95. The firm’s market capitalization is $3.29 billion. Molina Healthcare has a 12 month low of $42.56 and a 12 month high of $72.79.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by $0.87. Molina Healthcare had a negative net margin of 1.07% and a positive return on equity of 16.10%. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.88 billion. During the same quarter in the prior year, the firm earned $0.67 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities analysts anticipate that Molina Healthcare will post $2.20 EPS for the current fiscal year.
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In other news, COO Terry Bayer sold 415 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $69.24, for a total value of $28,734.60. Following the completion of the transaction, the chief operating officer now owns 80,672 shares in the company, valued at $5,585,729.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William Dentino sold 66,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $60.09, for a total value of $3,965,940.00. The disclosure for this sale can be found here. Insiders sold 253,134 shares of company stock valued at $16,745,242 in the last 90 days. Company insiders own 6.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of MOH. LS Investment Advisors LLC boosted its position in Molina Healthcare by 40.9% in the second quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock valued at $127,000 after buying an additional 531 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Molina Healthcare during the second quarter valued at $136,000. Meadow Creek Investment Management LLC boosted its position in Molina Healthcare by 13.2% in the first quarter. Meadow Creek Investment Management LLC now owns 2,408 shares of the company’s stock valued at $110,000 after buying an additional 280 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position in Molina Healthcare by 13.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,924 shares of the company’s stock valued at $133,000 after buying an additional 340 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Molina Healthcare during the second quarter valued at $241,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.
Molina Healthcare Company Profile
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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