Molina Healthcare (NYSE:MOH) Downgraded by Wall Street Zen to "Hold"

Molina Healthcare (NYSE:MOH - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company raised shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Sanford C. Bernstein initiated coverage on shares of Molina Healthcare in a report on Tuesday, April 22nd. They set an "outperform" rating and a $414.00 target price on the stock. Morgan Stanley initiated coverage on shares of Molina Healthcare in a report on Monday, June 9th. They set an "overweight" rating and a $364.00 target price on the stock. Robert W. Baird reissued a "neutral" rating and set a $375.00 target price (up from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Finally, Truist Financial boosted their target price on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $364.21.

Molina Healthcare Trading Up 1.9%

Shares of Molina Healthcare stock opened at $296.55 on Friday. The firm has a market capitalization of $16.07 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 1.00 and a beta of 0.56. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.87. The firm's 50 day moving average is $307.51 and its 200 day moving average is $306.67. Molina Healthcare has a 1 year low of $262.32 and a 1 year high of $365.23.

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

Insider Transactions at Molina Healthcare

In related news, CEO Joseph M. Zubretsky sold 87,500 shares of the business's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the transaction, the chief executive officer now owns 257,715 shares in the company, valued at $82,484,262.90. The trade was a 25.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard M. Schapiro sold 669 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total transaction of $214,414.50. Following the transaction, the director now owns 11,244 shares in the company, valued at $3,603,702. The trade was a 5.62% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC lifted its position in shares of Molina Healthcare by 126.3% during the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company's stock valued at $28,000 after acquiring an additional 48 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of Molina Healthcare during the 1st quarter valued at $29,000. Colonial Trust Co SC lifted its position in shares of 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 acquiring an additional 93 shares during the period. Deseret Mutual Benefit Administrators lifted its position in shares of Molina Healthcare by 60.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company's stock valued at $30,000 after acquiring an additional 34 shares during the period. Finally, Elequin Capital LP lifted its position in shares of Molina Healthcare by 170.6% during the 1st quarter. Elequin Capital LP now owns 92 shares of the company's stock valued at $30,000 after acquiring an additional 58 shares during the period. 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.

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