Molina Healthcare, Inc. (NYSE:MOH - Get Free Report)'s stock price fell 3.7% on Tuesday . The stock traded as low as $340.45 and last traded at $335.69. 15,286 shares were traded during trading, a decline of 98% from the average session volume of 651,559 shares. The stock had previously closed at $348.57.
Wall Street Analyst Weigh In
MOH has been the subject of several research reports. Stephens reaffirmed an "equal weight" rating and issued a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. StockNews.com upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. UBS Group dropped their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company raised Molina Healthcare from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Finally, Robert W. Baird restated a "neutral" rating and set a $375.00 target price (up previously from $331.00) on shares of Molina Healthcare in a research report on Tuesday, April 15th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $359.42.
Check Out Our Latest Stock Report on MOH
Molina Healthcare Stock Performance
The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The stock's 50 day simple moving average is $314.72 and its two-hundred day simple moving average is $307.93. The company has a market capitalization of $17.64 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.06 and a beta of 0.70.
Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, research analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.
Insider Buying and Selling
In other news, Director Steven J. Orlando sold 1,000 shares of the firm's 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 directly owns 17,375 shares in the company, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.26% of the company's stock.
Institutional Trading of Molina Healthcare
Hedge funds have recently modified their holdings of the company. Tributary Capital Management LLC increased its position in shares of Molina Healthcare by 76.1% in the 4th quarter. Tributary Capital Management LLC now owns 4,190 shares of the company's stock valued at $1,219,000 after buying an additional 1,811 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of Molina Healthcare during the 4th quarter valued at about $544,000. Smartleaf Asset Management LLC increased its stake in Molina Healthcare by 123.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 347 shares of the company's stock worth $100,000 after purchasing an additional 192 shares in the last quarter. SYM FINANCIAL Corp bought a new stake in Molina Healthcare during the 4th quarter worth approximately $249,000. Finally, Oddo BHF Asset Management Sas bought a new position in Molina Healthcare in the third quarter valued at approximately $2,947,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.
Molina Healthcare Company Profile
(
Get Free Report)
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.
Further Reading
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