ValuEngine upgraded shares of Molina Healthcare Inc (NYSE:MOH) from a hold rating to a buy rating in a research note released on Thursday.
Other analysts have also issued reports about the company. BidaskClub lowered Molina Healthcare from a strong-buy rating to a buy rating in a research note on Friday, July 28th. TheStreet lowered Molina Healthcare from a b rating to a c rating in a research note on Monday, August 7th. Jefferies Group LLC boosted their target price on Molina Healthcare from $60.00 to $64.00 and gave the company a hold rating in a research note on Friday, October 13th. Deutsche Bank AG restated a hold rating and issued a $72.00 target price on shares of Molina Healthcare in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Molina Healthcare from a sell rating to a hold rating in a research report on Monday, November 6th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Molina Healthcare presently has a consensus rating of Hold and a consensus price target of $64.30.
Shares of Molina Healthcare (NYSE MOH) traded up $0.30 during trading on Thursday, reaching $76.90. The company had a trading volume of 1,006,000 shares, compared to its average volume of 1,274,616. The company has a market capitalization of $4,450.00, a price-to-earnings ratio of 23.88 and a beta of 0.91. Molina Healthcare has a 1-year low of $42.56 and a 1-year high of $80.65. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06.
Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Thursday, November 2nd. The company reported ($1.62) EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($1.85). The business had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.95 billion. Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. research analysts anticipate that Molina Healthcare will post -3.88 EPS for the current fiscal year.
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In related news, Director Daniel Cooperman sold 4,500 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $78.79, for a total transaction of $354,555.00. Following the completion of the transaction, the director now directly owns 9,087 shares in the company, valued at $715,964.73. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John C. Molina sold 25,295 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $59.33, for a total value of $1,500,752.35. Following the transaction, the director now owns 585,859 shares of the company’s stock, valued at $34,759,014.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 368,458 shares of company stock valued at $24,010,639. 6.20% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Molina Healthcare by 1.9% during the second quarter. Vanguard Group Inc. now owns 3,619,435 shares of the company’s stock worth $250,392,000 after purchasing an additional 66,206 shares during the last quarter. Tiedemann Wealth Management LLC lifted its stake in Molina Healthcare by 7.8% during the third quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock worth $135,000 after purchasing an additional 103,775 shares during the last quarter. Northern Trust Corp lifted its stake in Molina Healthcare by 14.5% during the second quarter. Northern Trust Corp now owns 900,946 shares of the company’s stock worth $62,328,000 after purchasing an additional 113,808 shares during the last quarter. Rothschild Asset Management Inc. lifted its stake in Molina Healthcare by 6.1% during the third quarter. Rothschild Asset Management Inc. now owns 706,683 shares of the company’s stock worth $48,592,000 after purchasing an additional 40,737 shares during the last quarter. Finally, Scout Investments Inc. lifted its stake in Molina Healthcare by 36.6% during the second quarter. Scout Investments Inc. now owns 614,535 shares of the company’s stock worth $42,514,000 after purchasing an additional 164,677 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.
About Molina Healthcare
Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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