BidaskClub cut shares of Molina Healthcare Inc (NYSE:MOH) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.

Other research analysts have also recently issued reports about the company. TheStreet upgraded Molina Healthcare from a c rating to a b rating in a research report on Tuesday, May 2nd. ValuEngine upgraded Molina Healthcare from a hold rating to a buy rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded Molina Healthcare from a hold rating to a buy rating and set a $72.00 price target for the company in a research report on Thursday, May 4th. Stifel Nicolaus lifted their price target on Molina Healthcare from $45.00 to $47.00 and gave the company a hold rating in a research report on Wednesday, May 3rd. Finally, Deutsche Bank AG initiated coverage on Molina Healthcare in a research report on Wednesday, April 5th. They set a hold rating and a $52.00 price target for the company. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $60.75.

Molina Healthcare (NYSE:MOH) traded up 0.39% during midday trading on Friday, reaching $67.06. 176,837 shares of the company traded hands. The firm has a 50-day moving average of $69.84 and a 200-day moving average of $58.80. Molina Healthcare has a 1-year low of $42.56 and a 1-year high of $72.79. The stock has a market capitalization of $3.82 billion, a P/E ratio of 36.03 and a beta of 0.91.

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In related news, Director Daniel Cooperman sold 7,542 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $65.74, for a total transaction of $495,811.08. Following the completion of the sale, the director now directly owns 11,992 shares in the company, valued at $788,354.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Molina sold 15,393 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $65.00, for a total value of $1,000,545.00. Following the sale, the director now owns 693,599 shares of the company’s stock, valued at $45,083,935. The disclosure for this sale can be found here. Insiders have sold 195,319 shares of company stock valued at $13,292,378 over the last quarter. 6.20% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Meadow Creek Investment Management LLC boosted its stake in shares of Molina Healthcare by 13.2% in the first quarter. Meadow Creek Investment Management LLC now owns 2,408 shares of the company’s stock valued at $110,000 after buying an additional 280 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of Molina Healthcare by 40.9% in the second quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock valued at $127,000 after buying an additional 531 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of Molina Healthcare by 13.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,924 shares of the company’s stock valued at $133,000 after buying an additional 340 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Molina Healthcare during the second quarter valued at approximately $136,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Molina Healthcare by 361.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,771 shares of the company’s stock valued at $172,000 after buying an additional 2,954 shares during the last quarter. Hedge funds and other institutional investors own 93.79% of the company’s stock.

About Molina Healthcare

Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.

Analyst Recommendations for Molina Healthcare (NYSE:MOH)

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