Molina Healthcare’s (MOH) Hold Rating Reaffirmed at Jefferies Group

Molina Healthcare (NYSE:MOH)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Group in a note issued to investors on Wednesday. They presently have a $80.00 target price on the stock. Jefferies Group’s price objective indicates a potential upside of 9.22% from the company’s current price.

Several other research firms have also commented on MOH. Wolfe Research raised Molina Healthcare from a “market perform” rating to an “outperform” rating in a research report on Monday, October 23rd. Morgan Stanley boosted their price target on Molina Healthcare from $68.00 to $89.00 and gave the stock an “overweight” rating in a research report on Friday, November 3rd. Zacks Investment Research raised Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. ValuEngine raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, Raymond James Financial reissued a “hold” rating on shares of Molina Healthcare in a research report on Friday, December 8th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. Molina Healthcare has an average rating of “Hold” and an average target price of $72.50.

Shares of Molina Healthcare (NYSE MOH) traded down $2.21 during midday trading on Wednesday, reaching $73.25. The company’s stock had a trading volume of 1,424,872 shares, compared to its average volume of 1,464,112. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.06. The company has a market cap of $4,250.00, a price-to-earnings ratio of -9.07, a PEG ratio of 0.91 and a beta of 1.10. Molina Healthcare has a 1-year low of $42.56 and a 1-year high of $93.98.

In related news, COO Terry Bayer sold 2,804 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $91.63, for a total transaction of $256,930.52. Following the transaction, the chief operating officer now directly owns 70,092 shares in the company, valued at approximately $6,422,529.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director J Mario Md Molina sold 203,240 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $74.02, for a total value of $15,043,824.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 710,105 shares of company stock worth $56,503,727. 6.20% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in MOH. FMR LLC purchased a new position in Molina Healthcare during the 2nd quarter worth $9,420,000. California Public Employees Retirement System grew its stake in Molina Healthcare by 4.6% during the 2nd quarter. California Public Employees Retirement System now owns 70,300 shares of the company’s stock worth $4,863,000 after buying an additional 3,100 shares during the last quarter. Voya Investment Management LLC grew its stake in Molina Healthcare by 19.1% during the 2nd quarter. Voya Investment Management LLC now owns 20,561 shares of the company’s stock worth $1,422,000 after buying an additional 3,291 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Molina Healthcare by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,490 shares of the company’s stock worth $6,607,000 after buying an additional 1,652 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in Molina Healthcare by 2.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,659 shares of the company’s stock worth $1,152,000 after buying an additional 364 shares during the last quarter. Hedge funds and other institutional investors 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.

Analyst Recommendations for Molina Healthcare (NYSE:MOH)

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