Molina Healthcare (NYSE:MOH) Stock Rating Lowered by StockNews.com

Molina Healthcare (NYSE:MOH) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

MOH has been the topic of several other reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Stephens reiterated an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a research report on Thursday, February 6th. Truist Financial dropped their price objective 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. Mizuho decreased their target price on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Finally, UBS Group dropped 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. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Molina Healthcare has a consensus rating of “Moderate Buy” and a consensus target price of $348.75.

Molina Healthcare Stock Down 1.7 %

Molina Healthcare stock opened at $347.26 on Thursday. The firm has a 50 day simple moving average of $306.76 and a 200 day simple moving average of $308.73. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare has a 1-year low of $262.32 and a 1-year high of $383.58. The firm has a market capitalization of $18.99 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate 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, analysts predict that Molina Healthcare will post 24.4 earnings per share for the current year.

Insider Activity

In other news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Molina Healthcare

Large investors have recently bought and sold shares of the stock. Quent Capital LLC grew its holdings in shares of Molina Healthcare by 13.9% in the first quarter. Quent Capital LLC now owns 565 shares of the company’s stock worth $186,000 after purchasing an additional 69 shares during the last quarter. Versant Capital Management Inc grew its holdings in Molina Healthcare by 470.6% in the 1st quarter. Versant Capital Management Inc now owns 930 shares of the company’s stock worth $306,000 after acquiring an additional 767 shares during the last quarter. Kera Capital Partners Inc. bought a new position in shares of Molina Healthcare during the first quarter valued at about $312,000. California State Teachers Retirement System boosted its holdings in shares of Molina Healthcare by 2.2% during the fourth quarter. California State Teachers Retirement System now owns 88,942 shares of the company’s stock worth $25,887,000 after purchasing an additional 1,895 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Molina Healthcare by 217.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,584 shares of the company’s stock worth $2,498,000 after purchasing an additional 5,878 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

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.