Shares of Molina Healthcare Inc. (NYSE:MOH) fell 1.6% during trading on Tuesday . The stock traded as low as $51.73 and last traded at $51.96, with a volume of 914,856 shares trading hands. The stock had previously closed at $52.82.

Several research firms recently commented on MOH. Leerink Swann reissued an “outperform” rating and set a $75.00 target price (down from $105.00) on shares of Molina Healthcare in a research note on Saturday, April 30th. Jefferies Group restated a “buy” rating on shares of Molina Healthcare in a research report on Saturday, April 30th. Goldman Sachs Group Inc. downgraded shares of Molina Healthcare from a “neutral” rating to a “sell” rating and reduced their price target for the company from $75.00 to $45.00 in a research report on Wednesday, May 4th. Morgan Stanley restated a “hold” rating on shares of Molina Healthcare in a research report on Saturday, April 30th. Finally, Stifel Nicolaus reduced their price target on shares of Molina Healthcare from $83.00 to $64.00 and set a “buy” rating for the company in a research report on Friday, April 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $67.42.

The company has a 50-day moving average of $51.01 and a 200 day moving average of $55.63. The firm has a market cap of $2.94 billion and a P/E ratio of 21.29.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.78 by $0.27. During the same quarter in the previous year, the business posted $0.71 EPS. The business earned $4.34 billion during the quarter, compared to analyst estimates of $4.16 billion. The company’s quarterly revenue was up 37.0% on a year-over-year basis. Equities research analysts forecast that Molina Healthcare Inc. will post $2.58 earnings per share for the current year.

A number of institutional investors recently modified their holdings of the stock. State Board of Administration of Florida Retirement System boosted its position in shares of Molina Healthcare by 2.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 36,988 shares of the company’s stock valued at $2,224,000 after buying an additional 783 shares during the period. Swiss National Bank boosted its stake in Molina Healthcare by 1.5% in the fourth quarter. Swiss National Bank now owns 54,800 shares of the company’s stock worth $3,295,000 after buying an additional 800 shares during the last quarter. First Trust Advisors LP acquired a new stake in Molina Healthcare during the fourth quarter worth approximately $5,775,000. Rhumbline Advisers boosted its stake in Molina Healthcare by 4.7% in the fourth quarter. Rhumbline Advisers now owns 78,409 shares of the company’s stock worth $4,715,000 after buying an additional 3,535 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Molina Healthcare by 25.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 56,634 shares of the company’s stock worth $3,406,000 after buying an additional 11,596 shares during the last quarter.

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. Its Health Plans segment consists of health plans in approximately 10 states and the Commonwealth of Puerto Rico, and its direct delivery business.

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