Molina Healthcare (MOH) Shares Gap Down to $85.66

Shares of Molina Healthcare, Inc. (NYSE:MOH) gapped down before the market opened on Thursday . The stock had previously closed at $88.46, but opened at $85.66. Molina Healthcare shares last traded at $85.06, with a volume of 2692700 shares trading hands.

A number of analysts have recently issued reports on MOH shares. Wolfe Research upgraded Molina Healthcare from a “market perform” rating to an “outperform” rating in a research report on Monday, October 23rd. Morgan Stanley boosted their price objective on Molina Healthcare from $68.00 to $89.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. Raymond James Financial restated a “hold” rating on shares of Molina Healthcare in a research report on Friday, December 8th. Jefferies Group boosted their price objective on Molina Healthcare from $64.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Finally, Goldman Sachs Group started coverage on Molina Healthcare in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $83.00 price objective on the stock. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $70.86.

The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.06. The stock has a market cap of $4,819.31, a P/E ratio of -14.14, a P/E/G ratio of 1.13 and a beta of 0.97.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Thursday, November 2nd. The company reported ($1.62) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($1.85). The company had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.95 billion. Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.76%. Molina Healthcare’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. sell-side analysts expect that Molina Healthcare, Inc. will post -3.88 EPS for the current year.

In related news, insider William Dentino sold 67,500 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $61.49, for a total value of $4,150,575.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel Cooperman sold 4,500 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $78.79, for a total value of $354,555.00. Following the completion of the sale, the director now directly owns 9,087 shares in the company, valued at approximately $715,964.73. The disclosure for this sale can be found here. In the last ninety days, insiders sold 701,945 shares of company stock worth $51,351,863. 6.20% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of MOH. Zions Bancorporation acquired a new position in Molina Healthcare in the third quarter worth $118,000. Tiedemann Wealth Management LLC boosted its stake in Molina Healthcare by 7.8% in the third quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock worth $135,000 after purchasing an additional 103,775 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in Molina Healthcare by 64.2% in the second quarter. Riverhead Capital Management LLC now owns 2,463 shares of the company’s stock worth $170,000 after purchasing an additional 963 shares in the last quarter. Sabal Trust CO acquired a new position in Molina Healthcare in the third quarter worth $206,000. Finally, Capstone Investment Advisors Netherlands B.V. acquired a new position in Molina Healthcare in the second quarter worth $249,000. 96.22% of the stock is currently owned by institutional investors.

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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.

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