Molina Healthcare (NYSE:MOH) Trading Down 5.1% – What’s Next?

Molina Healthcare, Inc. (NYSE:MOH) fell 5.1% during mid-day trading on Wednesday . The stock traded as low as $287.68 and last traded at $290.26. 202,028 shares were traded during trading, a decline of 71% from the average session volume of 695,444 shares. The stock had previously closed at $305.97.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group reduced their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. Barclays reduced their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 8th. Finally, Truist Financial lowered their price objective on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Molina Healthcare presently has an average rating of “Hold” and an average price target of $353.17.

Molina Healthcare Stock Performance

The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a fifty day moving average of $293.36 and a 200 day moving average of $313.53. The stock has a market capitalization of $15.69 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, sell-side analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Institutional Trading of Molina Healthcare

Institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in Molina Healthcare by 7.4% during the fourth quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock worth $766,111,000 after acquiring an additional 181,073 shares during the last quarter. State Street Corp grew its holdings in shares of Molina Healthcare by 0.5% during the 3rd quarter. State Street Corp now owns 2,614,311 shares of the company’s stock worth $900,787,000 after purchasing an additional 13,001 shares during the period. FMR LLC increased its position in shares of Molina Healthcare by 31.1% during the 4th quarter. FMR LLC now owns 1,801,113 shares of the company’s stock worth $524,214,000 after purchasing an additional 427,276 shares during the last quarter. Geode Capital Management LLC raised its holdings in Molina Healthcare by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company’s stock valued at $417,144,000 after buying an additional 34,992 shares during the period. Finally, Invesco Ltd. lifted its position in Molina Healthcare by 28.5% in the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company’s stock valued at $386,229,000 after buying an additional 294,180 shares during the last quarter. 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.