Molina Healthcare (MOH) Trading Down 5.5%

Shares of Molina Healthcare, Inc. (NYSE:MOH) dropped 5.5% during mid-day trading on Friday . The company traded as low as $134.29 and last traded at $134.56. Approximately 813,469 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 1,117,538 shares. The stock had previously closed at $142.40.

MOH has been the topic of a number of research reports. SunTrust Banks lifted their price objective on Molina Healthcare to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Jefferies Financial Group raised Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. Zacks Investment Research raised Molina Healthcare from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Tuesday, July 24th. Barclays initiated coverage on Molina Healthcare in a research note on Monday, July 23rd. They issued an “equal weight” rating and a $105.00 price objective on the stock. Finally, Evercore ISI initiated coverage on Molina Healthcare in a research note on Tuesday, October 9th. They issued an “in-line” rating and a $158.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $129.77.

The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 252.71, a P/E/G ratio of 1.65 and a beta of 1.27. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.38 and a quick ratio of 1.38.

Molina Healthcare (NYSE:MOH) last released its earnings results on Tuesday, July 31st. The company reported $3.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $1.99. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.67 billion. Molina Healthcare had a positive return on equity of 23.01% and a negative net margin of 0.26%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($4.01) EPS. As a group, equities analysts anticipate that Molina Healthcare, Inc. will post 6.68 earnings per share for the current year.

In related news, insider James Woys bought 25,000 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were purchased at an average price of $148.79 per share, with a total value of $3,719,750.00. Following the transaction, the insider now owns 17,203 shares in the company, valued at approximately $2,559,634.37. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ronna Romney sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $138.11, for a total value of $27,622.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,717 shares of company stock worth $1,289,932. Corporate insiders own 0.65% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MOH. FMR LLC grew its position in Molina Healthcare by 85.3% in the 2nd quarter. FMR LLC now owns 4,584,133 shares of the company’s stock valued at $448,970,000 after acquiring an additional 2,110,308 shares during the last quarter. Renaissance Technologies LLC grew its position in Molina Healthcare by 33.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,805,850 shares of the company’s stock valued at $274,805,000 after acquiring an additional 709,100 shares during the last quarter. Iridian Asset Management LLC CT grew its position in Molina Healthcare by 10.6% in the 2nd quarter. Iridian Asset Management LLC CT now owns 1,972,634 shares of the company’s stock valued at $193,200,000 after acquiring an additional 188,902 shares during the last quarter. TCW Group Inc. grew its position in Molina Healthcare by 21.4% in the 2nd quarter. TCW Group Inc. now owns 882,097 shares of the company’s stock valued at $86,393,000 after acquiring an additional 155,214 shares during the last quarter. Finally, Millennium Management LLC bought a new position in Molina Healthcare in the 2nd quarter valued at $48,044,000.

Molina Healthcare Company Profile (NYSE:MOH)

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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