Molina Healthcare (NYSE:MOH) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Molina Healthcare (NYSE:MOH) from a hold rating to a sell rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

A number of other research analysts also recently issued reports on MOH. Weiss Ratings upgraded Molina Healthcare from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, September 11th. Zacks Research upgraded Molina Healthcare from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 22nd. Sanford C. Bernstein set a $286.00 price objective on Molina Healthcare in a research report on Monday, July 13th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Molina Healthcare in a report on Friday, September 4th. Finally, Mizuho set a $215.00 price target on shares of Molina Healthcare in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Molina Healthcare has an average rating of “Hold” and a consensus target price of $202.44.

Molina Healthcare Trading Up 0.1%

NYSE:MOH opened at $189.74 on Friday. The firm has a 50-day simple moving average of $198.33 and a 200-day simple moving average of $189.45. Molina Healthcare has a one year low of $121.06 and a one year high of $244.89. The firm has a market cap of $9.90 billion, a P/E ratio of -1,054.03, a P/E/G ratio of 27.16 and a beta of 0.78. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. The firm had revenue of $10.87 billion for the quarter, compared to the consensus estimate of $10.83 billion. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. The company’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the firm earned $5.48 earnings per share. Equities analysts anticipate that Molina Healthcare will post 5.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Molina Healthcare

A number of institutional investors and hedge funds have recently modified their holdings of MOH. BlackRock Inc. purchased a new position in Molina Healthcare during the 2nd quarter worth approximately $1,503,052,000. Wellington Management Group LLP lifted its stake in Molina Healthcare by 11.9% during the 2nd quarter. Wellington Management Group LLP now owns 1,267,207 shares of the company’s stock valued at $289,810,000 after acquiring an additional 135,247 shares during the period. 8 Knots Management LLC purchased a new stake in shares of Molina Healthcare in the 4th quarter valued at $198,942,000. Dimensional Fund Advisors LP boosted its holdings in shares of Molina Healthcare by 23.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,394,882 shares of the company’s stock valued at $185,929,000 after acquiring an additional 267,121 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Molina Healthcare in the second quarter worth $152,339,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed-care company that provides health insurance and related healthcare services primarily to individuals and families who receive coverage through government-sponsored programs. Its main lines of business include Medicaid, Medicare, and health plans offered through government marketplaces.

The company works with state and federal agencies, healthcare providers, and community organizations to coordinate care for members, including low-income adults and children, seniors, and people with disabilities or complex medical needs.