Molina Healthcare (NYSE:MOH) Shares Gap Down – Time to Sell?

Shares of Molina Healthcare, Inc (NYSE:MOH) gapped down prior to trading on Monday . The stock had previously closed at $152.06, but opened at $145.00. Molina Healthcare shares last traded at $144.9260, with a volume of 322,711 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MOH shares. The Goldman Sachs Group lowered their price objective on Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Truist Financial set a $175.00 price target on Molina Healthcare in a research report on Friday, October 24th. Wall Street Zen cut shares of Molina Healthcare from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Molina Healthcare in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft set a $165.00 price target on Molina Healthcare in a report on Friday, October 24th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Molina Healthcare currently has an average rating of “Hold” and an average price target of $203.64.

Molina Healthcare Price Performance

The business’s 50 day moving average price is $180.02 and its 200-day moving average price is $224.81. The company has a market cap of $7.63 billion, a PE ratio of 8.73 and a beta of 0.55. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.92.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($2.13). Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.The business had revenue of $11.48 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the business posted $6.01 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. As a group, analysts forecast that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

Hedge Funds Weigh In On Molina Healthcare

A number of institutional investors and hedge funds have recently bought and sold shares of MOH. Zions Bancorporation National Association UT bought a new position in Molina Healthcare during the 1st quarter valued at $29,000. Elequin Capital LP lifted its stake in Molina Healthcare by 170.6% during the first quarter. Elequin Capital LP now owns 92 shares of the company’s stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Molina Healthcare by 2,140.0% during the second quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock worth $33,000 after buying an additional 107 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Molina Healthcare in the second quarter valued at $45,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Molina Healthcare during the 2nd quarter valued at $48,000. Institutional investors own 98.50% of the company’s stock.

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.