Molina Healthcare, Inc. (NYSE:MOH) Receives Average Rating of "Hold" from Analysts

Molina Healthcare, Inc. (NYSE:MOH - Get Free Report) has received an average recommendation of "Hold" from the fifteen analysts that are covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $365.38.

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Several equities research analysts have recently weighed in on MOH shares. Barclays increased their price target on Molina Healthcare from $339.00 to $362.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Wall Street Zen upgraded Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Guggenheim began coverage on Molina Healthcare in a research note on Wednesday, April 9th. They issued a "neutral" rating on the stock. Stephens reissued an "equal weight" rating and issued a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, Truist Financial increased their price objective on Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, April 11th.

Read Our Latest Research Report on Molina Healthcare

Molina Healthcare Price Performance

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NYSE:MOH opened at $304.83 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $16.52 billion, a P/E ratio of 14.92, a P/E/G ratio of 1.06 and a beta of 0.63. Molina Healthcare has a 12 month low of $262.32 and a 12 month high of $365.23. The business's 50-day moving average is $324.45 and its 200 day moving average is $307.96.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.96 by $0.12. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The business had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $10.86 billion. During the same period in the prior year, the business posted $5.73 earnings per share. The company's quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts forecast that Molina Healthcare will post 24.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Molina Healthcare

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In other news, Director Richard M. Schapiro sold 669 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total value of $214,414.50. Following the completion of the sale, the director now owns 11,244 shares of the company's stock, valued at $3,603,702. This trade represents a 5.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven J. Orlando sold 1,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the transaction, the director now owns 17,375 shares of the company's stock, valued at $5,235,608.75. This trade represents a 5.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,169 shares of company stock valued at $28,520,995. 1.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Molina Healthcare

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC raised its stake in Molina Healthcare by 126.3% in the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company's stock worth $28,000 after acquiring an additional 48 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Molina Healthcare in the 1st quarter valued at about $29,000. Colonial Trust Co SC lifted its holdings in shares of Molina Healthcare by 930.0% in the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company's stock valued at $30,000 after buying an additional 93 shares during the period. Deseret Mutual Benefit Administrators lifted its holdings in shares of Molina Healthcare by 60.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company's stock valued at $30,000 after buying an additional 34 shares during the period. Finally, Elequin Capital LP lifted its holdings in shares of Molina Healthcare by 170.6% in the 1st quarter. Elequin Capital LP now owns 92 shares of the company's stock valued at $30,000 after buying an additional 58 shares during the period. Hedge funds and other 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.

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