Molina Healthcare, Inc. (NYSE:MOH) has received a consensus rating of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $75.08.
Several research firms have weighed in on MOH. JPMorgan Chase & Co. raised shares of Molina Healthcare from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 16th. Leerink Swann increased their price target on shares of Molina Healthcare from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Morgan Stanley lowered their price target on shares of Molina Healthcare from $97.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, February 7th. ValuEngine cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Goldman Sachs began coverage on shares of Molina Healthcare in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $83.00 price target on the stock.
Shares of Molina Healthcare (MOH) traded up $0.96 during mid-day trading on Friday, hitting $76.83. 1,619,136 shares of the stock were exchanged, compared to its average volume of 988,783. The company has a market cap of $4,588.83, a PE ratio of -8.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.28. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.35 and a current ratio of 1.35. Molina Healthcare has a 12 month low of $42.56 and a 12 month high of $93.98.
In other Molina Healthcare news, Director John C. Molina sold 62,420 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $72.13, for a total transaction of $4,502,354.60. Following the transaction, the director now owns 393,410 shares in the company, valued at approximately $28,376,663.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William Dentino sold 67,500 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $86.71, for a total transaction of $5,852,925.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 379,775 shares of company stock worth $31,661,006. Company insiders own 6.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Molina Healthcare during the 4th quarter worth approximately $100,000. Zions Bancorporation bought a new position in Molina Healthcare during the third quarter worth $118,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Molina Healthcare by 40.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,404 shares of the company’s stock worth $184,000 after buying an additional 690 shares during the last quarter. Connable Office Inc. bought a new position in Molina Healthcare during the fourth quarter worth $203,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in Molina Healthcare in the fourth quarter worth $310,000. Institutional investors and hedge funds own 96.22% 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.
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