Molina Healthcare Inc (MOH) Upgraded to “Buy” by ValuEngine
ValuEngine upgraded shares of Molina Healthcare Inc (NYSE:MOH) from a hold rating to a buy rating in a report published on Thursday morning.
MOH has been the topic of a number of other reports. BidaskClub cut Molina Healthcare from a buy rating to a hold rating in a research note on Friday, August 4th. TheStreet cut Molina Healthcare from a b rating to a c rating in a research note on Monday, August 7th. Credit Suisse Group reissued an underperform rating and set a $53.00 target price (up from $50.00) on shares of Molina Healthcare in a research note on Friday, July 14th. BMO Capital Markets assumed coverage on Molina Healthcare in a research note on Monday, October 16th. They set a market perform rating and a $70.00 target price on the stock. Finally, Mitsubishi UFJ Financial Group assumed coverage on Molina Healthcare in a research note on Thursday, September 21st. They set a neutral rating and a $70.00 target price on the stock. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $64.30.
Shares of Molina Healthcare (NYSE:MOH) traded up $0.30 during trading on Thursday, reaching $76.90. The company’s stock had a trading volume of 1,006,000 shares, compared to its average volume of 1,585,734. The company has a quick ratio of 1.24, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. The stock has a market cap of $4,390.53, a PE ratio of 23.88 and a beta of 0.91. Molina Healthcare has a 1-year low of $42.56 and a 1-year high of $80.65.
Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Thursday, November 2nd. The company reported ($1.62) EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($1.85). The company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.95 billion. Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. Molina Healthcare’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. sell-side analysts forecast that Molina Healthcare will post -3.88 earnings per share for the current year.
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In related news, Director Daniel Cooperman sold 4,500 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $78.79, for a total value of $354,555.00. Following the sale, the director now directly owns 9,087 shares of the company’s stock, valued at $715,964.73. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Terry Bayer sold 9,077 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $77.45, for a total value of $703,013.65. Following the completion of the sale, the chief operating officer now directly owns 74,478 shares in the company, valued at $5,768,321.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 368,458 shares of company stock worth $24,010,639. 6.20% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Eagle Asset Management Inc. bought a new stake in Molina Healthcare in the second quarter worth $7,007,000. State Board of Administration of Florida Retirement System boosted its holdings in Molina Healthcare by 86.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 40,338 shares of the company’s stock worth $2,791,000 after acquiring an additional 18,700 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Molina Healthcare by 5.1% in the second quarter. Pacer Advisors Inc. now owns 12,358 shares of the company’s stock worth $855,000 after acquiring an additional 598 shares in the last quarter. Keybank National Association OH boosted its holdings in Molina Healthcare by 10.5% in the second quarter. Keybank National Association OH now owns 41,333 shares of the company’s stock worth $2,859,000 after acquiring an additional 3,929 shares in the last quarter. Finally, Scout Investments Inc. boosted its holdings in Molina Healthcare by 36.6% in the second quarter. Scout Investments Inc. now owns 614,535 shares of the company’s stock worth $42,514,000 after acquiring an additional 164,677 shares in the last quarter. 95.88% of the stock is currently owned by institutional investors and hedge funds.
Molina Healthcare Company Profile
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.
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