Molina Healthcare (NYSE:MOH) Trading Down 6.1%

Molina Healthcare, Inc. (NYSE:MOH - Get Free Report) dropped 6.1% on Tuesday . The stock traded as low as $379.17 and last traded at $379.49. Approximately 194,001 shares traded hands during trading, a decline of 49% from the average daily volume of 379,811 shares. The stock had previously closed at $404.20.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MOH. StockNews.com lowered Molina Healthcare from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 8th. UBS Group raised their price target on Molina Healthcare from $350.00 to $380.00 and gave the stock a "neutral" rating in a report on Thursday, December 21st. Bank of America lowered Molina Healthcare from a "neutral" rating to an "underperform" rating and set a $439.00 price target for the company. in a report on Thursday, March 28th. Wells Fargo & Company raised their price target on Molina Healthcare from $420.00 to $440.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 20th. Finally, Cantor Fitzgerald raised their price target on Molina Healthcare from $374.00 to $406.00 and gave the stock an "overweight" rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $395.82.

Molina Healthcare Stock Down 5.8 %

The company has a market cap of $22.31 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.15 and a beta of 0.47. The company has a 50 day moving average of $391.21 and a 200-day moving average of $367.57. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.54 and a quick ratio of 1.54.

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

Insider Activity at Molina Healthcare

In related news, Director Richard M. Schapiro sold 711 shares of the business's stock in a transaction dated 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 owns 12,207 shares in the company, valued at approximately $4,688,220.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the sale, 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 SEC, which is accessible through this hyperlink. Also, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the sale, the director now directly owns 12,207 shares in the company, valued at $4,688,220.42. The disclosure for this sale can be found here. Insiders have sold a total of 16,711 shares of company stock worth $6,472,517 in the last 90 days. Company insiders own 1.11% of the company's stock.

Institutional Trading of Molina Healthcare

Large investors have recently bought and sold shares of the company. Deutsche Bank AG boosted its position in Molina Healthcare by 1.5% during the 3rd quarter. Deutsche Bank AG now owns 258,441 shares of the company's stock valued at $84,740,000 after acquiring an additional 3,754 shares in the last quarter. Invesco Ltd. boosted its position in Molina Healthcare by 10.4% during the 3rd quarter. Invesco Ltd. now owns 1,190,161 shares of the company's stock valued at $390,242,000 after acquiring an additional 112,243 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Molina Healthcare by 4,019.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 103,185 shares of the company's stock valued at $37,282,000 after acquiring an additional 100,680 shares in the last quarter. DNB Asset Management AS boosted its position in Molina Healthcare by 20.7% during the 4th quarter. DNB Asset Management AS now owns 42,852 shares of the company's stock valued at $15,483,000 after acquiring an additional 7,346 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Molina Healthcare by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 74,056 shares of the company's stock worth $24,282,000 after purchasing an additional 376 shares in the last quarter. 98.50% of the stock is owned by 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.