Molina Healthcare (NYSE:MOH) Stock Price Down 3.2% on Analyst Downgrade

Molina Healthcare, Inc. (NYSE:MOH - Get Free Report)'s stock price was down 3.2% during trading on Friday after Barclays lowered their price target on the stock from $437.00 to $430.00. Barclays currently has an equal weight rating on the stock. Molina Healthcare traded as low as $336.87 and last traded at $341.18. Approximately 84,491 shares were traded during trading, a decline of 79% from the average daily volume of 397,431 shares. The stock had previously closed at $352.30.

Several other equities research analysts have also recently issued reports on the company. StockNews.com cut Molina Healthcare from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 8th. Stephens restated an "equal weight" rating and set a $390.00 price objective on shares of Molina Healthcare in a report on Thursday. Wells Fargo & Company decreased their price objective on Molina Healthcare from $440.00 to $410.00 and set an "equal weight" rating on the stock in a report on Monday, April 15th. Truist Financial raised their price objective on Molina Healthcare from $435.00 to $460.00 and gave the stock a "buy" rating in a report on Tuesday, February 20th. Finally, Bank of America cut Molina Healthcare from a "neutral" rating to an "underperform" rating and set a $439.00 price objective on the stock. in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $396.09.

Insider Activity at Molina Healthcare

In other Molina Healthcare 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 $4,688,220.42. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of the business's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the transaction, the director now owns 11,207 shares in the company, valued at $4,494,567.35. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction dated Monday, February 12th. The stock was 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. Over the last 90 days, insiders have sold 16,711 shares of company stock worth $6,472,517. 1.10% of the stock is owned by insiders.

Institutional Trading of Molina Healthcare

A number of hedge funds and other institutional investors have recently modified their holdings of MOH. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Molina Healthcare during the third quarter worth about $30,000. McIlrath & Eck LLC purchased a new stake in shares of Molina Healthcare during the fourth quarter worth about $34,000. VisionPoint Advisory Group LLC increased its position in shares of Molina Healthcare by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company's stock worth $36,000 after acquiring an additional 57 shares during the last quarter. Raleigh Capital Management Inc. increased its position in shares of Molina Healthcare by 40.4% during the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company's stock worth $41,000 after acquiring an additional 36 shares during the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of Molina Healthcare during the fourth quarter worth about $42,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Stock Performance

The company has a debt-to-equity ratio of 0.57, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $20.05 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.47. The stock has a 50-day moving average price of $391.53 and a 200-day moving average price of $371.87.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, beating the consensus estimate of $5.46 by $0.27. The firm had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.45 billion. Molina Healthcare had a return on equity of 30.99% and a net margin of 2.99%. Molina Healthcare's quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the company earned $5.81 earnings per share. On average, research analysts expect that Molina Healthcare, Inc. will post 23.62 EPS for the current fiscal year.

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.