Molina Healthcare (MOH) Rating Lowered to Hold at ValuEngine

ValuEngine downgraded shares of Molina Healthcare (NYSE:MOH) from a buy rating to a hold rating in a research note published on Friday morning.

Several other research analysts also recently weighed in on MOH. Deutsche Bank restated a hold rating and set a $72.00 price objective on shares of Molina Healthcare in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Molina Healthcare from a sell rating to a hold rating in a report on Monday, November 6th. TheStreet downgraded shares of Molina Healthcare from a b rating to a c rating in a report on Monday, August 7th. Mitsubishi UFJ Financial Group began coverage on shares of Molina Healthcare in a report on Thursday, September 21st. They set a neutral rating and a $70.00 price objective on the stock. Finally, BidaskClub downgraded shares of Molina Healthcare from a buy rating to a hold rating in a report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $64.30.

Molina Healthcare (NYSE MOH) opened at $77.48 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29. Molina Healthcare has a 1-year low of $42.56 and a 1-year high of $80.74. The firm has a market cap of $4,459.61, a price-to-earnings ratio of 24.26 and a beta of 0.97.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Thursday, November 2nd. The company reported ($1.62) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($1.85). Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The business had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.95 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s quarterly revenue was up 10.7% on a year-over-year basis. equities analysts forecast that Molina Healthcare will post -3.88 EPS for the current year.

In related news, Director John C. Molina sold 15,208 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $65.79, for a total transaction of $1,000,534.32. Following the completion of the sale, the director now owns 585,859 shares in the company, valued at $38,543,663.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Dentino sold 66,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $64.87, for a total transaction of $4,281,420.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 460,523 shares of company stock valued at $31,739,372. 6.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Jana Partners LLC increased its holdings in Molina Healthcare by 52.5% during the third quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock worth $146,139,000 after buying an additional 731,992 shares during the last quarter. Pura Vida Investments LLC purchased a new stake in Molina Healthcare during the third quarter worth about $1,719,000. Sterling Capital Management LLC increased its holdings in Molina Healthcare by 16.4% during the third quarter. Sterling Capital Management LLC now owns 24,946 shares of the company’s stock worth $1,715,000 after buying an additional 3,516 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in Molina Healthcare by 23.0% during the third quarter. Neuberger Berman Group LLC now owns 533,021 shares of the company’s stock worth $36,651,000 after buying an additional 99,543 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in Molina Healthcare by 12.7% during the third quarter. California Public Employees Retirement System now owns 79,204 shares of the company’s stock worth $5,446,000 after buying an additional 8,904 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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