Molina Healthcare (MOH) Lifted to Overweight at Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group upgraded shares of Molina Healthcare (NYSE:MOH) from a neutral rating to an overweight rating in a research report report published on Tuesday, The Fly reports. Mitsubishi UFJ Financial Group also issued estimates for Molina Healthcare’s Q1 2019 earnings at $2.35 EPS, Q2 2019 earnings at $2.65 EPS, Q3 2019 earnings at $2.50 EPS, Q4 2019 earnings at $1.85 EPS, FY2019 earnings at $9.35 EPS and FY2020 earnings at $10.15 EPS.
A number of other equities research analysts have also recently commented on MOH. Piper Jaffray Companies raised their price target on Molina Healthcare to $165.00 and gave the company an overweight rating in a report on Wednesday, September 26th. Morgan Stanley raised their price target on Molina Healthcare from $178.00 to $184.00 and gave the company an overweight rating in a report on Thursday, October 18th. Zacks Investment Research cut Molina Healthcare from a buy rating to a hold rating in a report on Monday, October 8th. Evercore ISI assumed coverage on Molina Healthcare in a report on Tuesday, October 9th. They set an in-line rating and a $158.00 price target on the stock. Finally, Jefferies Financial Group cut Molina Healthcare from a buy rating to a hold rating and set a $152.00 price target on the stock. in a report on Friday, October 12th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average target price of $140.92.
Molina Healthcare stock traded up $0.17 during trading on Tuesday, reaching $133.21. The company had a trading volume of 24,254 shares, compared to its average volume of 1,102,441. Molina Healthcare has a 52 week low of $71.07 and a 52 week high of $154.06. The stock has a market cap of $8.15 billion, a P/E ratio of 237.86, a P/E/G ratio of 1.26 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.40 and a current ratio of 1.40.
In other news, Director Ronna Romney sold 200 shares of Molina Healthcare stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $141.23, for a total transaction of $28,246.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dale B. Wolf sold 4,000 shares of Molina Healthcare stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $135.57, for a total transaction of $542,280.00. Following the sale, the director now directly owns 10,214 shares of the company’s stock, valued at approximately $1,384,711.98. The disclosure for this sale can be found here. In the last three months, insiders sold 9,195 shares of company stock valued at $1,187,506. 0.65% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. First Hawaiian Bank raised its stake in Molina Healthcare by 5.2% in the fourth quarter. First Hawaiian Bank now owns 3,032 shares of the company’s stock worth $352,000 after buying an additional 150 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Molina Healthcare by 1.6% during the third quarter. Aperio Group LLC now owns 22,234 shares of the company’s stock valued at $3,306,000 after buying an additional 360 shares during the last quarter. World Asset Management Inc grew its holdings in shares of Molina Healthcare by 13.9% during the third quarter. World Asset Management Inc now owns 3,047 shares of the company’s stock valued at $453,000 after buying an additional 372 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Molina Healthcare by 1.7% during the third quarter. American Century Companies Inc. now owns 26,693 shares of the company’s stock valued at $3,969,000 after buying an additional 439 shares during the last quarter. Finally, Vident Investment Advisory LLC grew its holdings in shares of Molina Healthcare by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 38,230 shares of the company’s stock valued at $3,744,000 after buying an additional 573 shares during the last quarter.
Molina Healthcare Company Profile
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
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