Molina Healthcare, Inc (NYSE:MOH) Given Consensus Rating of "Hold" by Analysts

Shares of Molina Healthcare, Inc (NYSE:MOH - Get Free Report) have been assigned a consensus recommendation of "Hold" from the sixteen ratings firms that are currently covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $352.21.

A number of analysts have weighed in on the company. Morgan Stanley downgraded Molina Healthcare from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $364.00 to $266.00 in a report on Thursday, July 10th. Barclays lowered their target price on Molina Healthcare from $351.00 to $347.00 and set an "equal weight" rating for the company in a report on Monday, June 9th. Guggenheim started coverage on Molina Healthcare in a report on Wednesday, April 9th. They set a "neutral" rating on the stock. Sanford C. Bernstein initiated coverage on shares of Molina Healthcare in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 price objective for the company. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $375.00 price target (up from $331.00) on shares of Molina Healthcare in a research note on Tuesday, April 15th.

Insider Transactions at Molina Healthcare

In other news, CEO Joseph M. Zubretsky sold 87,500 shares of the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the transaction, the chief executive officer directly owned 257,715 shares in the company, valued at approximately $82,484,262.90. This represents a 25.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard M. Schapiro sold 669 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total value of $214,414.50. Following the transaction, the director directly owned 11,244 shares in the company, valued at $3,603,702. This trade represents a 5.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

Institutional Investors Weigh In On Molina Healthcare

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of Molina Healthcare in the fourth quarter worth approximately $10,725,000. PNC Financial Services Group Inc. raised its holdings in Molina Healthcare by 10.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,301 shares of the company's stock valued at $961,000 after buying an additional 301 shares during the last quarter. AlphaQuest LLC purchased a new stake in Molina Healthcare during the 4th quarter valued at $230,000. Sequoia Financial Advisors LLC boosted its position in Molina Healthcare by 28.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,532 shares of the company's stock valued at $446,000 after buying an additional 337 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Molina Healthcare by 81.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Trading Down 2.1%

NYSE:MOH traded down $4.60 during trading hours on Monday, hitting $214.35. 1,103,382 shares of the company were exchanged, compared to its average volume of 722,767. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 0.92 and a beta of 0.55. Molina Healthcare has a one year low of $213.30 and a one year high of $365.23. The company has a fifty day simple moving average of $289.21 and a 200 day simple moving average of $302.23. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.87.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, beating the consensus estimate of $5.96 by $0.12. Molina Healthcare had a return on equity of 28.38% and a net margin of 2.81%. The business had revenue of $11.15 billion for the quarter, compared to analysts' expectations of $10.86 billion. During the same period in the prior year, the business posted $5.73 earnings per share. The firm's revenue was up 12.2% on a year-over-year basis. Sell-side analysts expect that Molina Healthcare will post 24.4 EPS for the current fiscal year.

About Molina Healthcare

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.