Molina Healthcare (NYSE:MOH) Given “Equal Weight” Rating at Stephens

Stephens reissued their equal weight rating on shares of Molina Healthcare (NYSE:MOH) in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a $390.00 target price on the stock.

A number of other equities analysts have also recently issued reports on MOH. Barclays assumed coverage on shares of Molina Healthcare in a research note on Wednesday, March 6th. They issued an equal weight rating and a $437.00 price target on the stock. Wells Fargo & Company dropped their price target on shares of Molina Healthcare from $440.00 to $410.00 and set an equal weight rating on the stock in a research note on Monday, April 15th. Bank of America cut shares of Molina Healthcare from a neutral rating to an underperform rating and set a $439.00 price target on the stock. in a research note on Thursday, March 28th. Cantor Fitzgerald reiterated an overweight rating and issued a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, April 4th. Finally, Truist Financial upped their price target on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a buy rating in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Molina Healthcare presently has an average rating of Hold and an average price target of $396.09.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $342.23 on Thursday. Molina Healthcare has a 12 month low of $266.35 and a 12 month high of $423.92. The stock has a market cap of $20.05 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 0.96 and a beta of 0.47. The company has a current ratio of 1.49, a quick ratio of 1.54 and a debt-to-equity ratio of 0.53. The company’s fifty day moving average price is $390.34 and its 200-day moving average price is $372.12.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, April 24th. The company reported $5.73 EPS for the quarter, beating analysts’ consensus estimates of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The firm had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.45 billion. During the same quarter in the previous year, the business posted $5.81 EPS. The company’s quarterly revenue was up 21.9% on a year-over-year basis. On average, equities analysts expect that Molina Healthcare will post 23.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Molina Healthcare news, Director Richard M. Schapiro sold 711 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the transaction, the director now owns 12,207 shares of the company’s stock, valued at approximately $4,688,220.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the completion of the sale, the director now owns 12,207 shares of the company’s stock, valued at approximately $4,688,220.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard M. Schapiro sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the sale, the director now directly owns 11,207 shares of the company’s stock, valued at approximately $4,494,567.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,711 shares of company stock valued at $6,472,517. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Molina Healthcare

Hedge funds and other institutional investors have recently made changes to their positions in the business. Deutsche Bank AG increased its position in shares of Molina Healthcare by 1.5% during the 3rd quarter. Deutsche Bank AG now owns 258,441 shares of the company’s stock valued at $84,740,000 after purchasing an additional 3,754 shares during the last quarter. Invesco Ltd. increased its position in shares of Molina Healthcare by 10.4% during the 3rd quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock valued at $390,242,000 after purchasing an additional 112,243 shares during the last quarter. Overbrook Management Corp grew its stake in shares of Molina Healthcare by 1.1% during the 4th quarter. Overbrook Management Corp now owns 36,908 shares of the company’s stock valued at $13,335,000 after acquiring an additional 391 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Molina Healthcare by 4,019.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 103,185 shares of the company’s stock valued at $37,282,000 after acquiring an additional 100,680 shares during the period. Finally, DNB Asset Management AS grew its stake in shares of Molina Healthcare by 20.7% during the 4th quarter. DNB Asset Management AS now owns 42,852 shares of the company’s stock valued at $15,483,000 after acquiring an additional 7,346 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

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.