Molina Healthcare (NYSE:MOH) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Molina Healthcare (NYSE:MOH) from a hold rating to a sell rating in a research report released on Saturday,Wall Street Zen reports.

A number of other analysts have also commented on MOH. UBS Group boosted their target price on Molina Healthcare from $180.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Morgan Stanley increased their price target on Molina Healthcare from $146.00 to $167.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Cantor Fitzgerald reissued a “neutral” rating on shares of Molina Healthcare in a research note on Friday, July 24th. JPMorgan Chase & Co. boosted their price objective on Molina Healthcare from $169.00 to $191.00 and gave the company a “neutral” rating in a report on Monday, June 8th. Finally, Wells Fargo & Company lowered their target price on Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $202.44.

Molina Healthcare Stock Down 0.8%

Molina Healthcare stock opened at $198.43 on Friday. The company has a market capitalization of $10.36 billion, a PE ratio of -1,102.33, a PEG ratio of 28.66 and a beta of 0.75. Molina Healthcare has a 12-month low of $121.06 and a 12-month high of $244.89. The firm’s fifty day moving average is $211.51 and its 200 day moving average is $180.52. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. The firm had revenue of $10.87 billion during the quarter, compared to the consensus estimate of $10.83 billion. During the same period in the previous year, the firm posted $5.48 earnings per share. The business’s revenue was down 4.8% compared to the same quarter last year. As a group, sell-side analysts predict that Molina Healthcare will post 5.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Molina Healthcare

Several large investors have recently added to or reduced their stakes in MOH. Torren Management LLC bought a new stake in Molina Healthcare during the 4th quarter worth approximately $26,000. Physician Wealth Advisors Inc. lifted its holdings in shares of Molina Healthcare by 1,250.0% in the first quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Quarry LP bought a new position in shares of Molina Healthcare in the fourth quarter valued at approximately $32,000. SJS Investment Consulting Inc. lifted its holdings in shares of Molina Healthcare by 504.9% in the first quarter. SJS Investment Consulting Inc. now owns 248 shares of the company’s stock valued at $33,000 after purchasing an additional 207 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its position in shares of Molina Healthcare by 118.2% during the second quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock valued at $33,000 after buying an additional 78 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.