Molina Healthcare (NYSE:MOH) Shares Up 3.8% – What’s Next?

Molina Healthcare, Inc. (NYSE:MOH)’s stock price shot up 3.8% during trading on Thursday . The stock traded as high as $338.49 and last traded at $341.02. 32,575 shares traded hands during trading, a decline of 95% from the average session volume of 632,248 shares. The stock had previously closed at $328.49.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MOH shares. UBS Group dropped their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Truist Financial reduced their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Stephens reissued an “equal weight” rating and set a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. Finally, Mizuho cut their target price on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $348.75.

Molina Healthcare Stock Performance

The company has a fifty day moving average price of $304.95 and a two-hundred day moving average price of $308.51. The firm has a market cap of $19.45 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, equities research analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Insider Activity

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the sale, the director now owns 17,375 shares in the company, valued at $5,235,608.75. This represents a 5.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Molina Healthcare

Hedge funds have recently modified their holdings of the stock. Colonial Trust Co SC increased its position in Molina Healthcare by 930.0% during the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock worth $30,000 after buying an additional 93 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after purchasing an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new position in shares of Molina Healthcare during the 4th quarter worth about $52,000. Hurley Capital LLC bought a new position in shares of Molina Healthcare during the 4th quarter worth about $55,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after acquiring an additional 88 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

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.