Molina Healthcare, Inc. (MOH) Receives Average Recommendation of “Hold” from Brokerages

Molina Healthcare, Inc. (NYSE:MOH) has been assigned an average recommendation of “Hold” from the nineteen research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $71.00.

MOH has been the topic of a number of analyst reports. Jefferies Group boosted their price objective on Molina Healthcare from $64.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Zacks Investment Research lowered Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Goldman Sachs Group initiated coverage on Molina Healthcare in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $83.00 price objective on the stock. Wolfe Research upgraded Molina Healthcare from a “market perform” rating to an “outperform” rating in a research note on Monday, October 23rd. Finally, Morgan Stanley boosted their price objective on Molina Healthcare from $68.00 to $89.00 and gave the company an “overweight” rating in a research note on Friday, November 3rd.

In other Molina Healthcare news, Director J Mario Md Molina sold 203,240 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $74.02, for a total value of $15,043,824.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jeff D. Barlow sold 5,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $76.82, for a total value of $384,100.00. The disclosure for this sale can be found here. Insiders sold a total of 785,275 shares of company stock worth $61,862,491 over the last 90 days. Corporate insiders own 6.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in 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 acquiring an additional 66,206 shares during the last quarter. Jana Partners LLC boosted 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 purchasing an additional 731,992 shares in the last quarter. Tiedemann Wealth Management LLC boosted 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 purchasing an additional 103,775 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Molina Healthcare by 14.5% in the 2nd quarter. Northern Trust Corp now owns 900,946 shares of the company’s stock worth $62,328,000 after purchasing an additional 113,808 shares in the last quarter. Finally, Rothschild Asset Management Inc. boosted its holdings in shares of Molina Healthcare by 6.1% in the 3rd quarter. Rothschild Asset Management Inc. now owns 706,683 shares of the company’s stock worth $48,592,000 after purchasing an additional 40,737 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Shares of Molina Healthcare (MOH) traded up $0.43 on Friday, hitting $92.49. The company’s stock had a trading volume of 980,180 shares, compared to its average volume of 1,155,860. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29. Molina Healthcare has a 52-week low of $42.56 and a 52-week high of $93.98. The company has a market capitalization of $5,256.07, a price-to-earnings ratio of -15.24, a PEG ratio of 1.08 and a beta of 0.97.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Thursday, November 2nd. The company reported ($1.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($1.85). Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.76%. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.95 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. equities analysts forecast that Molina Healthcare will post -3.88 EPS for the current year.

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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.

Analyst Recommendations for Molina Healthcare (NYSE:MOH)

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