Molina Healthcare, Inc. (NYSE:MOH) – Equities research analysts at Leerink Swann issued their Q1 2018 earnings per share (EPS) estimates for shares of Molina Healthcare in a research note issued to investors on Wednesday. Leerink Swann analyst A. Gupte anticipates that the company will post earnings of $0.93 per share for the quarter. Leerink Swann has a “Outperform” rating and a $105.00 price objective on the stock. Leerink Swann also issued estimates for Molina Healthcare’s Q2 2018 earnings at $1.06 EPS, Q4 2018 earnings at $0.94 EPS, FY2018 earnings at $4.10 EPS and FY2021 earnings at $5.95 EPS.
Several other equities analysts also recently weighed in on the company. BMO Capital Markets dropped their target price on Molina Healthcare from $98.00 to $85.00 and set a “market perform” rating for the company in a research report on Wednesday. Morgan Stanley dropped their target price on Molina Healthcare from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Wednesday. Jefferies Group reaffirmed a “hold” rating and issued a $80.00 target price on shares of Molina Healthcare in a research report on Wednesday. Zacks Investment Research downgraded Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. raised Molina Healthcare from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $72.50.
In other news, Director John C. Molina sold 6,400 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $78.18, for a total transaction of $500,352.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Terry Bayer sold 2,804 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $91.63, for a total value of $256,930.52. Following the transaction, the chief operating officer now directly owns 70,092 shares of the company’s stock, valued at $6,422,529.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 708,805 shares of company stock valued at $56,405,369. Corporate insiders own 6.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its position in shares of Molina Healthcare by 53.5% during the fourth quarter. Renaissance Technologies LLC now owns 2,156,150 shares of the company’s stock worth $165,334,000 after buying an additional 751,800 shares in the last quarter. Jana Partners LLC grew its position in shares of Molina Healthcare by 52.5% during the third quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock worth $146,139,000 after buying an additional 731,992 shares in the last quarter. Iridian Asset Management LLC CT acquired a new position in shares of Molina Healthcare during the fourth quarter worth about $128,179,000. Victory Capital Management Inc. grew its position in shares of Molina Healthcare by 36.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,590,409 shares of the company’s stock worth $121,953,000 after buying an additional 420,756 shares in the last quarter. Finally, Tiedemann Wealth Management LLC grew its position in shares of Molina Healthcare by 7.8% during the third quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock worth $135,000 after buying an additional 103,775 shares in the last quarter. 96.22% of the stock is owned by institutional investors and hedge funds.
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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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