Molina Healthcare, Inc. (NYSE:MOH) – Research analysts at Leerink Swann issued their Q1 2018 earnings per share estimates for Molina Healthcare in a report issued on Wednesday. Leerink Swann analyst A. Gupte expects that the company will earn $0.93 per share for the quarter. Leerink Swann has a “Outperform” rating and a $105.00 price target on the stock. Leerink Swann also issued estimates for Molina Healthcare’s Q2 2018 earnings at $1.06 EPS, Q4 2018 earnings at $0.94 EPS, FY2018 earnings at $4.10 EPS and FY2021 earnings at $5.95 EPS.
Several other research analysts also recently commented on MOH. Wolfe Research upgraded shares of Molina Healthcare from a “market perform” rating to an “outperform” rating in a research report on Monday, October 23rd. Jefferies Group boosted their price objective on shares of Molina Healthcare from $64.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Morgan Stanley boosted their price objective on shares of Molina Healthcare from $68.00 to $89.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Finally, ValuEngine upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $72.50.
In other Molina Healthcare news, Director John C. Molina sold 6,400 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $78.18, for a total transaction of $500,352.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director J Mario Md Molina sold 203,240 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $74.02, for a total transaction of $15,043,824.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 708,805 shares of company stock worth $56,405,369. Insiders own 6.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of MOH. Iridian Asset Management LLC CT bought a new stake in shares of Molina Healthcare during the fourth quarter worth $128,179,000. Southpoint Capital Advisors LP bought a new stake in shares of Molina Healthcare in the fourth quarter worth $60,577,000. Renaissance Technologies LLC grew 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 worth $165,334,000 after purchasing an additional 751,800 shares during the last quarter. Jana Partners LLC grew 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 worth $146,139,000 after purchasing an additional 731,992 shares during the last quarter. Finally, Tavio Capital LLC grew its stake in shares of Molina Healthcare by 418.0% in the third quarter. Tavio Capital LLC now owns 537,192 shares of the company’s stock worth $36,937,000 after purchasing an additional 433,485 shares during the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.
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Molina Healthcare Company Profile
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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