TheStreet downgraded shares of Molina Healthcare Inc (NYSE:MOH) from a b rating to a c rating in a report released on Monday morning.

Other equities analysts also recently issued reports about the stock. Jefferies Group LLC reaffirmed a hold rating and issued a $72.00 target price on shares of Molina Healthcare in a research note on Friday, July 14th. Deutsche Bank AG reaffirmed a hold rating and issued a $72.00 target price on shares of Molina Healthcare in a research note on Wednesday. Zacks Investment Research downgraded shares of Molina Healthcare from a hold rating to a sell rating in a research note on Tuesday, July 11th. Stifel Nicolaus downgraded shares of Molina Healthcare from a hold rating to a sell rating and boosted their target price for the stock from $47.00 to $60.00 in a research note on Wednesday, May 31st. Finally, Wolfe Research reaffirmed a market perform rating and issued a $69.00 target price on shares of Molina Healthcare in a research note on Monday, May 15th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $62.18.

Molina Healthcare (MOH) opened at 58.27 on Monday. Molina Healthcare has a 12-month low of $42.56 and a 12-month high of $72.79. The company’s market capitalization is $3.27 billion. The stock has a 50 day moving average of $69.33 and a 200 day moving average of $58.95.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, August 2nd. The company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.87. Molina Healthcare had a positive return on equity of 16.10% and a negative net margin of 1.07%. The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.88 billion. During the same period in the prior year, the firm posted $0.67 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. On average, equities research analysts predict that Molina Healthcare will post $2.20 EPS for the current year.

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In related news, COO Terry Bayer sold 15,088 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $70.00, for a total transaction of $1,056,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Dentino sold 66,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $60.09, for a total transaction of $3,965,940.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 218,413 shares of company stock valued at $14,415,810. Corporate insiders own 6.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. boosted its position 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 worth $27,337,000 after buying an additional 568,300 shares in the last quarter. Acadian Asset Management LLC boosted its position 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 worth $28,748,000 after buying an additional 409,575 shares in the last quarter. Redmile Group LLC boosted its position 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 worth $52,428,000 after buying an additional 344,181 shares in the last quarter. Dimensional Fund Advisors LP boosted its position 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 worth $113,498,000 after buying an additional 282,144 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Molina Healthcare by 20.0% in the first quarter. Victory Capital Management Inc. now owns 1,583,018 shares of the company’s stock worth $72,186,000 after buying an additional 263,892 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

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.

Analyst Recommendations for Molina Healthcare (NYSE:MOH)

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