Molina Healthcare, Inc. (MOH) Given Consensus Recommendation of “Hold” by Analysts
Molina Healthcare, Inc. (NYSE:MOH) has been assigned a consensus rating of “Hold” from the twenty research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $63.96.
Several brokerages have weighed in on MOH. Raymond James Financial restated a “hold” rating on shares of Molina Healthcare in a research note on Friday. ValuEngine cut Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Mitsubishi UFJ Financial Group began coverage on Molina Healthcare in a research note on Thursday, September 21st. They set a “neutral” rating and a $70.00 price objective on the stock. Finally, Morgan Stanley upgraded Molina Healthcare from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $65.00 to $68.00 in a research note on Thursday, August 17th.
Shares of Molina Healthcare (NYSE MOH) traded up $0.17 during trading hours on Friday, reaching $74.46. The company’s stock had a trading volume of 2,632,400 shares, compared to its average volume of 1,259,724. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.06. Molina Healthcare has a fifty-two week low of $42.56 and a fifty-two week high of $80.74. The company has a market cap of $4,290.00, a PE ratio of 23.07 and a beta of 0.97.
In related news, Director John C. Molina sold 19,938 shares of Molina Healthcare stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $75.27, for a total value of $1,500,733.26. Following the completion of the sale, the director now owns 454,908 shares of the company’s stock, valued at approximately $34,240,925.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director J Mario Md Molina sold 15,000 shares of Molina Healthcare stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $78.52, for a total value of $1,177,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 407,523 shares of company stock worth $28,505,592 over the last quarter. Company insiders own 6.20% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Eagle Asset Management Inc. purchased a new stake in Molina Healthcare in the 2nd quarter worth about $7,007,000. State Board of Administration of Florida Retirement System grew its holdings in Molina Healthcare by 86.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 40,338 shares of the company’s stock valued at $2,791,000 after buying an additional 18,700 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Molina Healthcare by 5.1% during the 2nd quarter. Pacer Advisors Inc. now owns 12,358 shares of the company’s stock valued at $855,000 after buying an additional 598 shares in the last quarter. Keybank National Association OH grew its holdings in Molina Healthcare by 10.5% during the 2nd quarter. Keybank National Association OH now owns 41,333 shares of the company’s stock valued at $2,859,000 after buying an additional 3,929 shares in the last quarter. Finally, Scout Investments Inc. grew its holdings in Molina Healthcare by 36.6% during the 2nd quarter. Scout Investments Inc. now owns 614,535 shares of the company’s stock valued at $42,514,000 after buying an additional 164,677 shares in the last quarter. 96.23% of the stock is 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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