Molina Healthcare Inc (MOH) Upgraded to Outperform by Wolfe Research
Molina Healthcare Inc (NYSE:MOH) was upgraded by research analysts at Wolfe Research from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, The Fly reports.
Several other analysts also recently commented on MOH. BMO Capital Markets assumed coverage on shares of Molina Healthcare in a report on Monday, October 16th. They issued a “market perform” rating and a $70.00 target price for the company. Jefferies Group LLC increased their target price on shares of Molina Healthcare from $60.00 to $64.00 and gave the company a “hold” rating in a report on Friday, October 13th. Deutsche Bank AG reiterated a “hold” rating and issued a $72.00 target price on shares of Molina Healthcare in a report on Wednesday, August 9th. TheStreet downgraded shares of Molina Healthcare from a “b” rating to a “c” rating in a report on Monday, August 7th. Finally, BidaskClub downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Molina Healthcare presently has an average rating of “Hold” and a consensus price target of $62.23.
Molina Healthcare (NYSE:MOH) traded up 2.22% on Monday, hitting $65.83. 605,322 shares of the stock traded hands. Molina Healthcare has a 52 week low of $42.56 and a 52 week high of $72.79. The stock has a 50 day moving average of $65.06 and a 200 day moving average of $63.50. The firm’s market capitalization is $3.76 billion.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.87). Molina Healthcare had a negative net margin of 1.07% and a positive return on equity of 16.10%. The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.88 billion. During the same period last year, the business posted $0.67 earnings per share. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. Equities research analysts anticipate that Molina Healthcare will post ($2.31) earnings per share for the current year.
In related news, insider William Dentino sold 67,500 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $61.49, for a total transaction of $4,150,575.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Molina sold 23,993 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $62.55, for a total transaction of $1,500,762.15. Following the sale, the director now owns 517,529 shares of the company’s stock, valued at approximately $32,371,438.95. The disclosure for this sale can be found here. Insiders have sold 390,985 shares of company stock valued at $24,741,496 in the last 90 days. 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 MOH. Strs Ohio boosted its position in Molina Healthcare by 5.8% during the third quarter. Strs Ohio now owns 22,000 shares of the company’s stock worth $1,512,000 after purchasing an additional 1,200 shares during the period. Sabal Trust CO bought a new position in Molina Healthcare during the third quarter worth about $206,000. Alpha Windward LLC boosted its position in Molina Healthcare by 15.4% during the third quarter. Alpha Windward LLC now owns 8,520 shares of the company’s stock worth $586,000 after purchasing an additional 1,140 shares during the period. Verde Servicos Internacionais S.A. boosted its position in Molina Healthcare by 44.1% during the third quarter. Verde Servicos Internacionais S.A. now owns 97,300 shares of the company’s stock worth $6,690,000 after purchasing an additional 29,800 shares during the period. Finally, Koch Industries Inc. bought a new position in Molina Healthcare during the second quarter worth about $323,000. Institutional investors and hedge funds own 96.04% 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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