Molina Healthcare (NYSE:MOH) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Molina Healthcare (NYSE:MOH) from a hold rating to a sell rating in a research note issued to investors on Sunday,Wall Street Zen reports.

A number of other research analysts have also recently issued reports on MOH. TD Cowen lifted their price target on Molina Healthcare from $163.00 to $230.00 and gave the company a “hold” rating in a report on Tuesday, July 14th. Sanford C. Bernstein set a $286.00 price objective on shares of Molina Healthcare in a report on Monday, July 13th. Cantor Fitzgerald restated a “neutral” rating on shares of Molina Healthcare in a research report on Friday, September 4th. Zacks Research raised shares of Molina Healthcare from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 22nd. Finally, Weiss Ratings upgraded shares of Molina Healthcare from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $202.44.

Molina Healthcare Trading Up 0.5%

MOH stock opened at $194.97 on Friday. The business has a fifty day moving average price of $198.10 and a 200 day moving average price of $190.13. Molina Healthcare has a fifty-two week low of $121.06 and a fifty-two week high of $244.89. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of -1,083.10, a P/E/G ratio of 27.81 and a beta of 0.78. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. The company had revenue of $10.87 billion for the quarter, compared to analyst estimates of $10.83 billion. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The business’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.48 earnings per share. Analysts expect that Molina Healthcare will post 5.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Molina Healthcare

Several hedge funds have recently added to or reduced their stakes in MOH. BlackRock Inc. bought a new stake in Molina Healthcare during the 2nd quarter worth about $1,503,052,000. Dimensional Fund Advisors LP boosted its stake in shares of Molina Healthcare by 23.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,394,882 shares of the company’s stock valued at $185,929,000 after purchasing an additional 267,121 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Molina Healthcare by 11.9% in the 2nd quarter. Wellington Management Group LLP now owns 1,267,207 shares of the company’s stock valued at $289,810,000 after purchasing an additional 135,247 shares during the last quarter. 8 Knots Management LLC acquired a new stake in shares of Molina Healthcare during the 4th quarter worth approximately $198,942,000. Finally, Capital Research Global Investors grew its position in shares of Molina Healthcare by 0.4% during the 4th quarter. Capital Research Global Investors now owns 795,909 shares of the company’s stock worth $138,122,000 after buying an additional 3,123 shares during the period. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed-care company that provides health insurance and related healthcare services primarily to individuals and families who receive coverage through government-sponsored programs. Its main lines of business include Medicaid, Medicare, and health plans offered through government marketplaces.

The company works with state and federal agencies, healthcare providers, and community organizations to coordinate care for members, including low-income adults and children, seniors, and people with disabilities or complex medical needs.