Molina Healthcare (MOH) Shares Gap Down to $78.39

Molina Healthcare, Inc. (NYSE:MOH) gapped down before the market opened on Tuesday . The stock had previously closed at $80.78, but opened at $78.39. Molina Healthcare shares last traded at $75.46, with a volume of 3622565 shares traded.

A number of equities research analysts have issued reports on MOH shares. Zacks Investment Research raised Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $88.00 target price for the company in a research report on Tuesday, January 2nd. ValuEngine raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Goldman Sachs Group began coverage on Molina Healthcare in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $83.00 price objective for the company. JPMorgan Chase & Co. raised Molina Healthcare from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 16th. Finally, Raymond James Financial reissued a “hold” rating on shares of Molina Healthcare in a research report on Friday, December 8th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $72.50.

The company has a current ratio of 1.35, a quick ratio of 1.29 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $4,504.23, a P/E ratio of 25.75, a P/E/G ratio of 0.90 and a beta of 1.10.

In related news, Director J Mario Md Molina sold 203,240 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $74.02, for a total value of $15,043,824.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Molina sold 6,400 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $78.18, for a total value of $500,352.00. The disclosure for this sale can be found here. Insiders sold 708,805 shares of company stock valued at $56,405,369 over the last 90 days. 6.20% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its stake in shares of Molina Healthcare by 53.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,156,150 shares of the company’s stock valued at $165,334,000 after purchasing an additional 751,800 shares in the last quarter. Jana Partners LLC raised its stake in shares of Molina Healthcare by 52.5% in the third quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock valued at $146,139,000 after purchasing an additional 731,992 shares in the last quarter. Iridian Asset Management LLC CT acquired a new position in shares of Molina Healthcare in the fourth quarter valued at $128,179,000. Victory Capital Management Inc. raised its stake in shares of Molina Healthcare by 36.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,590,409 shares of the company’s stock valued at $121,953,000 after purchasing an additional 420,756 shares in the last quarter. Finally, Tiedemann Wealth Management LLC raised its stake in shares of Molina Healthcare by 7.8% in the third quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock valued at $135,000 after purchasing an additional 103,775 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

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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.

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