Molina Healthcare (NYSE:MOH) Shares Gap Up to $360.85

Molina Healthcare, Inc. (NYSE:MOH - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $360.85, but opened at $368.89. Molina Healthcare shares last traded at $361.98, with a volume of 72,571 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Molina Healthcare from $440.00 to $410.00 and set an "equal weight" rating on the stock in a report on Monday. Barclays assumed coverage on shares of Molina Healthcare in a report on Wednesday, March 6th. They issued an "equal weight" rating and a $437.00 price target on the stock. Truist Financial raised their price target on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a "buy" rating in a report on Tuesday, February 20th. UBS Group raised their price target on shares of Molina Healthcare from $350.00 to $380.00 and gave the company a "neutral" rating in a report on Thursday, December 21st. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $406.00 price target on shares of Molina Healthcare in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $393.09.

Molina Healthcare Stock Down 1.0 %

The stock has a market capitalization of $20.94 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.06 and a beta of 0.47. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. The company's 50-day moving average is $395.21 and its 200 day moving average is $370.85.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.31 by $0.07. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The company had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same period last year, the firm posted $4.10 EPS. Molina Healthcare's revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, analysts anticipate that Molina Healthcare, Inc. will post 23.62 EPS for the current year.

Insiders Place Their Bets

In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the transaction, the director now directly owns 11,207 shares of the company's stock, valued at approximately $4,494,567.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the transaction, the director now directly owns 11,207 shares of the company's stock, valued at approximately $4,494,567.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard M. Schapiro sold 711 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $384.06, for a total transaction of $273,066.66. Following the transaction, the director now directly owns 12,207 shares of the company's stock, valued at $4,688,220.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,711 shares of company stock valued at $6,472,517. 1.11% of the stock is owned by insiders.

Hedge Funds Weigh In On Molina Healthcare

Several institutional investors have recently made changes to their positions in MOH. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Molina Healthcare during the 3rd quarter valued at approximately $30,000. ST Germain D J Co. Inc. purchased a new position in shares of Molina Healthcare during the 2nd quarter valued at approximately $33,000. McIlrath & Eck LLC purchased a new position in shares of Molina Healthcare during the 4th quarter valued at approximately $34,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Molina Healthcare during the 4th quarter valued at approximately $34,000. Finally, VisionPoint Advisory Group LLC increased its holdings in shares of Molina Healthcare by 105.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company's stock valued at $36,000 after purchasing an additional 57 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

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.