Molina Healthcare Sees Unusually High Options Volume (MOH)

Molina Healthcare, Inc. (NYSE:MOH) was the recipient of some unusual options trading activity on Monday. Stock traders bought 1,681 put options on the stock. This is an increase of approximately 2,203% compared to the typical daily volume of 73 put options.

Several research firms have recently commented on MOH. Morgan Stanley lifted their price target on shares of Molina Healthcare from $178.00 to $184.00 and gave the company an “overweight” rating in a research report on Thursday, October 18th. Stephens started coverage on Molina Healthcare in a research report on Monday, January 14th. They issued an “equal weight” rating and a $144.00 target price on the stock. Jefferies Financial Group raised Molina Healthcare from a “hold” rating to a “buy” rating and boosted their target price for the company from $152.00 to $169.00 in a research report on Tuesday, November 13th. Zacks Investment Research raised Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $155.00 target price on the stock in a research report on Tuesday, October 23rd. Finally, Mitsubishi UFJ Financial Group raised Molina Healthcare from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $141.15.

In other news, Director Charles Z. Fedak sold 3,795 shares of Molina Healthcare stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $120.74, for a total transaction of $458,208.30. Following the sale, the director now owns 18,464 shares of the company’s stock, valued at approximately $2,229,343.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $135.86, for a total transaction of $135,860.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,395 shares of company stock worth $671,770. Corporate insiders own 0.65% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in MOH. Oregon Public Employees Retirement Fund lifted its position in Molina Healthcare by 15,114.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,861,453 shares of the company’s stock valued at $25,000 after acquiring an additional 2,842,645 shares during the last quarter. FMR LLC lifted its position in Molina Healthcare by 85.3% in the second quarter. FMR LLC now owns 4,584,133 shares of the company’s stock valued at $448,970,000 after acquiring an additional 2,110,308 shares during the last quarter. Renaissance Technologies LLC lifted its position in Molina Healthcare by 33.2% in the third quarter. Renaissance Technologies LLC now owns 3,738,755 shares of the company’s stock valued at $555,953,000 after acquiring an additional 932,905 shares during the last quarter. Capital International Investors purchased a new stake in Molina Healthcare in the third quarter valued at $137,856,000. Finally, Acadian Asset Management LLC lifted its position in Molina Healthcare by 290.5% in the third quarter. Acadian Asset Management LLC now owns 1,006,085 shares of the company’s stock valued at $149,607,000 after acquiring an additional 748,456 shares during the last quarter.

Shares of MOH opened at $137.09 on Tuesday. Molina Healthcare has a 1-year low of $71.07 and a 1-year high of $154.06. The firm has a market capitalization of $8.55 billion, a P/E ratio of 244.80, a P/E/G ratio of 1.18 and a beta of 1.67. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.40 and a quick ratio of 1.40.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Monday, February 11th. The company reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $1.55. Molina Healthcare had a net margin of 1.27% and a return on equity of 30.50%. As a group, sell-side analysts predict that Molina Healthcare will post 8.18 earnings per share for the current fiscal year.

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Molina Healthcare Company Profile

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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