Molina Healthcare (NYSE:MOH) Shares Gap Up to $360.85

Shares of Molina Healthcare, Inc. (NYSE:MOH) gapped up before the market opened on Tuesday . The stock had previously closed at $360.85, but opened at $368.89. Molina Healthcare shares last traded at $361.98, with a volume of 72,571 shares traded.

Analysts Set New Price Targets

Several research analysts have weighed in on MOH shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, April 4th. Truist Financial increased their target price on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Wells Fargo & Company reduced their target price on Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a report on Monday. UBS Group increased their target price on Molina Healthcare from $350.00 to $380.00 and gave the stock a “neutral” rating in a report on Thursday, December 21st. Finally, Barclays started coverage on Molina Healthcare in a report on Wednesday, March 6th. They set an “equal weight” rating and a $437.00 target price on the stock. One research 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’s stock. Based on data from MarketBeat, Molina Healthcare presently has a consensus rating of “Hold” and a consensus price target of $393.09.

Molina Healthcare Stock Up 0.0 %

The stock has a 50 day moving average price of $395.20 and a 200 day moving average price of $370.65. The stock has a market capitalization of $21.14 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 1.06 and a beta of 0.47. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.10 earnings per share. As a group, analysts forecast that Molina Healthcare, Inc. will post 23.62 EPS for the current year.

Insider Buying and Selling

In related news, CFO Mark Lowell Keim sold 15,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the completion of the sale, the chief financial officer now owns 36,531 shares in the company, valued at $14,121,423.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction 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 transaction, the director now owns 12,207 shares of the company’s stock, valued at approximately $4,688,220.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Lowell Keim sold 15,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $386.56, for a total value of $5,798,400.00. Following the transaction, the chief financial officer now directly owns 36,531 shares in the company, valued at approximately $14,121,423.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,711 shares of company stock worth $6,472,517. 1.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MOH. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Molina Healthcare during the 3rd quarter worth about $30,000. ST Germain D J Co. Inc. purchased a new stake in Molina Healthcare during the 2nd quarter worth about $33,000. McIlrath & Eck LLC purchased a new stake in Molina Healthcare during the 4th quarter worth about $34,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Molina Healthcare in the 4th quarter valued at about $34,000. Finally, VisionPoint Advisory Group LLC raised its holdings in shares of Molina Healthcare by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock valued at $36,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

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.