Molina Healthcare (NYSE:MOH) Reaches New 52-Week Low - Here's What Happened

Key Points

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Molina Healthcare, Inc (NYSE:MOH - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $155.53 and last traded at $156.62, with a volume of 140415 shares traded. The stock had previously closed at $159.97.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MOH shares. Truist Financial reaffirmed a "hold" rating and set a $180.00 price target (down previously from $335.00) on shares of Molina Healthcare in a research report on Friday, July 25th. Mizuho dropped their price target on Molina Healthcare from $400.00 to $330.00 and set an "outperform" rating on the stock in a research report on Friday, July 11th. Wells Fargo & Company dropped their target price on Molina Healthcare from $372.00 to $216.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Baird R W lowered Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their target price on Molina Healthcare from $272.00 to $184.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 29th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $244.55.

Molina Healthcare Price Performance

The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 7.69 and a beta of 0.52. The company has a 50-day simple moving average of $251.63 and a two-hundred day simple moving average of $291.64. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.66 and a current ratio of 1.66.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $5.48 earnings per share for the quarter, missing the consensus estimate of $5.50 by ($0.02). The company had revenue of $11.43 billion for the quarter, compared to analyst estimates of $10.94 billion. Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%. The firm's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the firm earned $5.86 EPS. As a group, equities research analysts forecast that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Amalgamated Bank boosted its stake in shares of Molina Healthcare by 0.3% during the 1st quarter. Amalgamated Bank now owns 11,580 shares of the company's stock worth $3,814,000 after acquiring an additional 33 shares during the period. Deseret Mutual Benefit Administrators boosted its stake 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 worth $30,000 after acquiring an additional 34 shares during the period. JLB & Associates Inc. boosted its stake in shares of Molina Healthcare by 0.3% during the 1st quarter. JLB & Associates Inc. now owns 10,626 shares of the company's stock worth $3,500,000 after acquiring an additional 36 shares during the period. PenderFund Capital Management Ltd. boosted its stake in Molina Healthcare by 0.4% in the 1st quarter. PenderFund Capital Management Ltd. now owns 10,071 shares of the company's stock valued at $3,317,000 after purchasing an additional 40 shares during the period. Finally, Coldstream Capital Management Inc. boosted its stake in Molina Healthcare by 2.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,346 shares of the company's stock valued at $683,000 after purchasing an additional 48 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.