Molina Healthcare Inc (NYSE:MOH) – Equities researchers at Leerink Swann dropped their FY2017 earnings estimates for Molina Healthcare in a research note issued on Thursday. Leerink Swann analyst A. Gupte now expects that the company will post earnings per share of $1.83 for the year, down from their prior forecast of $2.06.

A number of other research analysts also recently commented on the company. TheStreet upgraded Molina Healthcare from a “c” rating to a “b” rating in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded Molina Healthcare from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Thursday, May 4th. Deutsche Bank AG initiated coverage on Molina Healthcare in a research report on Wednesday, April 5th. They set a “hold” rating and a $52.00 target price for the company. Jefferies Group LLC reiterated a “hold” rating and set a $52.00 target price on shares of Molina Healthcare in a research report on Friday, March 24th. Finally, Barclays PLC initiated coverage on Molina Healthcare in a research report on Tuesday, March 21st. They set an “equal weight” rating and a $51.00 target price for the company. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $60.37.

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Molina Healthcare (NYSE MOH) opened at 70.20 on Monday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 37.72 and a beta of 0.91. Molina Healthcare has a 1-year low of $42.56 and a 1-year high of $72.15. The firm’s 50 day moving average is $68.04 and its 200 day moving average is $56.55.

In other Molina Healthcare news, insider William Dentino sold 66,000 shares of the stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $68.68, for a total value of $4,532,880.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel Cooperman sold 7,542 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $65.74, for a total value of $495,811.08. Following the completion of the sale, the director now owns 11,992 shares in the company, valued at approximately $788,354.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 174,042 shares of company stock worth $11,791,712. Insiders own 6.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Molina Healthcare by 5.0% in the first quarter. Vanguard Group Inc. now owns 3,553,229 shares of the company’s stock worth $162,028,000 after buying an additional 170,294 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Molina Healthcare by 12.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,488,977 shares of the company’s stock worth $113,498,000 after buying an additional 282,144 shares during the last quarter. Alliancebernstein L.P. raised its stake in Molina Healthcare by 1.7% in the first quarter. Alliancebernstein L.P. now owns 1,908,612 shares of the company’s stock worth $87,033,000 after buying an additional 31,548 shares during the last quarter. Victory Capital Management Inc. raised its stake in Molina Healthcare by 20.0% in the first quarter. Victory Capital Management Inc. now owns 1,583,018 shares of the company’s stock worth $72,186,000 after buying an additional 263,892 shares during the last quarter. Finally, Tiedemann Wealth Management LLC raised its stake in Molina Healthcare by 3.1% in the first quarter. Tiedemann Wealth Management LLC now owns 1,408,414 shares of the company’s stock worth $64,224,000 after buying an additional 42,301 shares during the last quarter. Institutional investors and hedge funds own 92.96% of the company’s stock.

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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