Molina Healthcare (NYSE:MOH) Hits New 52-Week Low - What's Next?

Molina Healthcare, Inc (NYSE:MOH - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $234.37 and last traded at $236.42, with a volume of 510966 shares traded. The stock had previously closed at $239.58.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wall Street Zen downgraded Molina Healthcare from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Sanford C. Bernstein assumed coverage on Molina Healthcare in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 price objective for the company. Mizuho lifted their price objective on Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a report on Wednesday, April 9th. Truist Financial lifted 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, Baird R W downgraded Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Molina Healthcare presently has a consensus rating of "Hold" and a consensus price target of $364.21.

Molina Healthcare Price Performance

The firm has a market capitalization of $12.64 billion, a PE ratio of 11.26, a PEG ratio of 0.80 and a beta of 0.55. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a 50-day simple moving average of $300.51 and a 200-day simple moving average of $305.19.

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

Insider Transactions at Molina Healthcare

In other news, CEO Joseph M. Zubretsky sold 87,500 shares of Molina Healthcare 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 of the company's stock, valued at $82,484,262.90. The trade was a 25.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard M. Schapiro sold 669 shares of Molina Healthcare 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 approximately $3,603,702. The trade was a 5.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Institutional Trading of Molina Healthcare

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rothschild Investment LLC raised its stake in 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 purchasing an additional 48 shares during the period. Zions Bancorporation National Association UT bought a new stake in Molina Healthcare during the 1st quarter valued at approximately $29,000. Colonial Trust Co SC raised 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 period. Deseret Mutual Benefit Administrators raised its stake in 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 purchasing an additional 34 shares during the period. Finally, Elequin Capital LP raised its stake in 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 purchasing an additional 58 shares during the period. Institutional investors own 98.50% of the company's stock.

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.