Molina Healthcare (NYSE:MOH) Trading Down 6.1%

Molina Healthcare, Inc. (NYSE:MOH) was down 6.1% on Tuesday . The stock traded as low as $379.17 and last traded at $379.49. Approximately 194,001 shares changed hands during trading, a decline of 49% from the average daily volume of 379,811 shares. The stock had previously closed at $404.20.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Truist Financial increased their price target on Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Bank of America cut shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target for the company. in a report on Thursday, March 28th. Cantor Fitzgerald increased their price objective on shares of Molina Healthcare from $374.00 to $406.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. UBS Group lifted their price objective on shares of Molina Healthcare from $350.00 to $380.00 and gave the stock a “neutral” rating in a research report on Thursday, December 21st. Finally, Barclays began coverage on shares of Molina Healthcare in a research note on Wednesday, March 6th. They set an “equal weight” rating and a $437.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $395.82.

Molina Healthcare Trading Down 6.0 %

The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $22.25 billion, a PE ratio of 20.12, a PEG ratio of 1.15 and a beta of 0.47. The business’s 50-day moving average is $391.21 and its two-hundred day moving average is $367.57.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. The business had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.35 billion. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.10 EPS. On average, analysts anticipate that Molina Healthcare, Inc. will post 23.62 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the sale, the director now directly owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $384.06, for a total transaction of $273,066.66. Following the completion of the sale, the director now owns 12,207 shares in the company, valued at $4,688,220.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the transaction, the director now owns 11,207 shares in the company, valued at $4,494,567.35. The disclosure for this sale can be found here. Insiders have sold 16,711 shares of company stock valued at $6,472,517 in the last ninety days. 1.11% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MOH. Vanguard Group Inc. lifted its holdings in Molina Healthcare by 18.4% in the first quarter. Vanguard Group Inc. now owns 6,449,375 shares of the company’s stock valued at $2,151,448,000 after acquiring an additional 1,001,372 shares during the period. Norges Bank purchased a new position in shares of Molina Healthcare in the 4th quarter valued at about $275,143,000. Durable Capital Partners LP acquired a new stake in shares of Molina Healthcare in the first quarter valued at about $214,363,000. Invesco Ltd. boosted its holdings in Molina Healthcare by 151.6% during the first quarter. Invesco Ltd. now owns 893,693 shares of the company’s stock worth $298,128,000 after buying an additional 538,493 shares in the last quarter. Finally, State Street Corp grew its position in Molina Healthcare by 25.6% during the first quarter. State Street Corp now owns 2,457,008 shares of the company’s stock worth $819,633,000 after buying an additional 501,107 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Company Profile

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.