Molina Healthcare (MOH) Stock Price Down 0.7% Following Analyst Downgrade

Shares of Molina Healthcare, Inc. (NYSE:MOH) fell 0.7% during trading on Wednesday after Morgan Stanley lowered their price target on the stock from $97.00 to $94.00. Morgan Stanley currently has an overweight rating on the stock. Molina Healthcare traded as low as $79.06 and last traded at $83.00. 1,106,881 shares changed hands during trading, a decline of 18% from the average session volume of 1,343,793 shares. The stock had previously closed at $82.43.

Several other brokerages also recently commented on MOH. JPMorgan Chase & Co. upgraded shares of Molina Healthcare from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 16th. Leerink Swann raised their price objective on shares of Molina Healthcare from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. ValuEngine downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Goldman Sachs Group began coverage on shares of 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 investment analysts have rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $71.21.

In other news, Director Garrey Carruthers sold 1,300 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $75.66, for a total value of $98,358.00. Following the sale, the director now directly owns 7,016 shares in the company, valued at approximately $530,830.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John C. Molina sold 19,433 shares of the business’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $77.22, for a total transaction of $1,500,616.26. Following the completion of the sale, the director now owns 414,915 shares in the company, valued at $32,039,736.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 776,455 shares of company stock worth $61,614,520. 6.20% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Molina Healthcare by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,619,435 shares of the company’s stock worth $250,392,000 after buying an additional 66,206 shares during the last quarter. Jana Partners LLC increased its holdings in shares of Molina Healthcare by 52.5% in the 3rd 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. Iridian Asset Management LLC CT bought a new stake in shares of Molina Healthcare in the 4th quarter worth about $128,179,000. Victory Capital Management Inc. increased its holdings in shares of Molina Healthcare by 36.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,590,409 shares of the company’s stock worth $121,953,000 after buying an additional 420,756 shares during the last quarter. Finally, Tiedemann Wealth Management LLC increased its holdings in shares of Molina Healthcare by 7.8% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock worth $135,000 after buying an additional 103,775 shares during the last quarter. Hedge funds and other institutional investors own 96.22% of the company’s stock.

The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $4,660.00, a price-to-earnings ratio of -15.50, a price-to-earnings-growth ratio of 1.02 and a beta of 1.10.

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About Molina Healthcare

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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