Molina Healthcare, Inc. (NYSE:MOH) Receives Average Recommendation of "Hold" from Brokerages

Shares of Molina Healthcare, Inc. (NYSE:MOH - Get Free Report) have received a consensus rating of "Hold" from the fifteen brokerages that are covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $365.38.

MOH has been the subject of several research reports. Barclays raised their price objective on Molina Healthcare from $339.00 to $362.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. Robert W. Baird restated a "neutral" rating and issued a $375.00 target price (up previously from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Sanford C. Bernstein initiated coverage on Molina Healthcare in a report on Tuesday, April 22nd. They set an "outperform" rating and a $414.00 price objective for the company. Truist Financial increased their price objective on Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $295.00 to $372.00 in a report on Wednesday, March 5th.

Molina Healthcare Stock Up 1.0%

NYSE MOH traded up $2.97 on Friday, hitting $304.30. 12,210 shares of the stock traded hands, compared to its average volume of 736,747. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average of $323.92 and a 200 day moving average of $307.54. The company has a market capitalization of $16.49 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.06 and a beta of 0.63. Molina Healthcare has a twelve month low of $262.32 and a twelve month high of $365.23.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.96 by $0.12. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The business had revenue of $11.15 billion during the quarter, compared to analyst estimates of $10.86 billion. During the same period in the prior year, the company posted $5.73 EPS. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, analysts expect that Molina Healthcare will post 24.4 earnings per share for the current fiscal year.

Insider Transactions at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now owns 17,375 shares of the company's stock, valued at $5,235,608.75. This represents a 5.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard M. Schapiro sold 669 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total value of $214,414.50. Following the completion of the transaction, the director now directly owns 11,244 shares in the company, valued at approximately $3,603,702. This trade represents a 5.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,169 shares of company stock valued at $28,520,995 in the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Molina Healthcare

Several hedge funds and other institutional investors have recently modified their holdings of MOH. Rothschild Investment LLC grew its holdings in Molina Healthcare by 126.3% during the first quarter. Rothschild Investment LLC now owns 86 shares of the company's stock worth $28,000 after purchasing an additional 48 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Molina Healthcare during the 1st quarter worth about $29,000. Deseret Mutual Benefit Administrators grew its holdings in Molina Healthcare by 60.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company's stock worth $30,000 after acquiring an additional 34 shares during the period. Elequin Capital LP lifted its holdings in shares of Molina Healthcare by 170.6% in the 1st quarter. Elequin Capital LP now owns 92 shares of the company's stock worth $30,000 after purchasing an additional 58 shares in the last quarter. Finally, Colonial Trust Co SC boosted its stake in Molina Healthcare by 930.0% during the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company's stock valued at $30,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Molina Healthcare Company Profile

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.