Molina Healthcare, Inc (NYSE:MOH) Receives Average Recommendation of “Hold” from Analysts

Molina Healthcare, Inc (NYSE:MOH) has been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $225.1818.

A number of analysts have weighed in on MOH shares. Robert W. Baird cut their price objective on shares of Molina Healthcare from $373.00 to $179.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. Wells Fargo & Company cut their price target on Molina Healthcare from $216.00 to $198.00 and set an “overweight” rating for the company in a research note on Friday, August 15th. Wall Street Zen lowered Molina Healthcare from a “buy” rating to a “hold” rating in a report on Sunday, June 29th. UBS Group cut their price target on shares of Molina Healthcare from $260.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, July 25th. Finally, Truist Financial reiterated a “hold” rating and set a $180.00 target price (down from $335.00) on shares of Molina Healthcare in a research report on Friday, July 25th.

Insiders Place Their Bets

In other Molina Healthcare news, Director Ronna Romney sold 700 shares of Molina Healthcare stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total value of $107,618.00. Following the completion of the sale, the director directly owned 17,131 shares of the company’s stock, valued at approximately $2,633,719.94. The trade was a 3.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO James Woys bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average price of $155.94 per share, with a total value of $1,559,400.00. Following the completion of the purchase, the chief operating officer directly owned 74,331 shares of the company’s stock, valued at approximately $11,591,176.14. The trade was a 15.54% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Molina Healthcare

A number of hedge funds have recently made changes to their positions in MOH. Amalgamated Bank boosted its position in Molina Healthcare by 0.3% during the 1st quarter. Amalgamated Bank now owns 11,580 shares of the company’s stock worth $3,814,000 after acquiring an additional 33 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of Molina Healthcare by 60.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock worth $30,000 after purchasing an additional 34 shares in the last quarter. JLB & Associates Inc. boosted its holdings in Molina Healthcare by 0.3% during the first quarter. JLB & Associates Inc. now owns 10,626 shares of the company’s stock worth $3,500,000 after purchasing an additional 36 shares during the last quarter. PenderFund Capital Management Ltd. boosted its holdings in Molina Healthcare by 0.4% during the first quarter. PenderFund Capital Management Ltd. now owns 10,071 shares of the company’s stock worth $3,317,000 after purchasing an additional 40 shares during the last quarter. Finally, Rothschild Investment LLC grew its position in Molina Healthcare by 126.3% in the first quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock valued at $28,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Shares of Molina Healthcare stock opened at $202.59 on Friday. Molina Healthcare has a one year low of $151.95 and a one year high of $359.97. The business has a 50-day simple moving average of $174.21 and a 200-day simple moving average of $253.21. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $10.98 billion, a PE ratio of 9.98 and a beta of 0.55.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $5.48 earnings per share for the quarter, missing analysts’ consensus estimates of $5.50 by ($0.02). The firm had revenue of $11.43 billion during the quarter, compared to analyst estimates of $10.94 billion. Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. Molina Healthcare’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.86 earnings per share. On average, equities research analysts forecast that Molina Healthcare will post 24.4 EPS for the current fiscal year.

Molina Healthcare Company Profile

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.