Molina Healthcare, Inc (NYSE:MOH) Short Interest Update

Molina Healthcare, Inc (NYSE:MOH) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 3,042,371 shares, a decrease of 15.8% from the December 31st total of 3,614,717 shares. Approximately 5.7% of the company’s stock are sold short. Based on an average daily volume of 1,338,748 shares, the short-interest ratio is currently 2.3 days. Based on an average daily volume of 1,338,748 shares, the short-interest ratio is currently 2.3 days. Approximately 5.7% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MOH. TD Cowen lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 price target for the company. in a research note on Thursday, October 16th. Deutsche Bank Aktiengesellschaft set a $165.00 price objective on shares of Molina Healthcare in a report on Friday, October 24th. Mizuho set a $220.00 target price on shares of Molina Healthcare in a research note on Friday, January 9th. Jefferies Financial Group set a $160.00 price target on Molina Healthcare in a research report on Tuesday, December 16th. Finally, Wall Street Zen downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $193.47.

Molina Healthcare Stock Down 3.1%

NYSE:MOH opened at $179.28 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market cap of $9.72 billion, a P/E ratio of 11.10 and a beta of 0.49. Molina Healthcare has a fifty-two week low of $133.40 and a fifty-two week high of $359.97. The firm has a 50-day simple moving average of $170.99 and a two-hundred day simple moving average of $171.29.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 357 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $143.02, for a total value of $51,058.14. Following the completion of the transaction, the director owned 11,352 shares in the company, valued at approximately $1,623,563.04. This represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On Molina Healthcare

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MOH. New York State Teachers Retirement System increased its holdings in shares of Molina Healthcare by 0.9% in the 4th quarter. New York State Teachers Retirement System now owns 44,196 shares of the company’s stock worth $7,670,000 after purchasing an additional 379 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of Molina Healthcare by 100.5% during the fourth quarter. Bogart Wealth LLC now owns 407 shares of the company’s stock valued at $71,000 after purchasing an additional 204 shares in the last quarter. Wealthfront Advisers LLC boosted its position in shares of Molina Healthcare by 48.8% during the fourth quarter. Wealthfront Advisers LLC now owns 57,098 shares of the company’s stock valued at $9,909,000 after buying an additional 18,730 shares during the last quarter. ARGA Investment Management LP bought a new stake in Molina Healthcare in the 4th quarter worth about $713,000. Finally, Torren Management LLC bought a new stake in Molina Healthcare in the 4th quarter worth about $26,000. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.