Molina Healthcare Inc. (MOH) Sees Large Volume Increase
Molina Healthcare Inc. (NYSE:MOH) shares saw strong trading volume on Tuesday . 1,082,156 shares traded hands during trading, an increase of 0% from the previous session’s volume of 1,078,166 shares.The stock last traded at $57.59 and had previously closed at $57.58.
Several analysts have issued reports on the company. Cantor Fitzgerald restated a “hold” rating and set a $55.00 price objective on shares of Molina Healthcare in a research note on Friday, July 29th. Jefferies Group restated a “buy” rating and set a $63.00 price objective (down previously from $66.00) on shares of Molina Healthcare in a research note on Thursday, July 28th. Leerink Swann restated a “buy” rating on shares of Molina Healthcare in a research note on Thursday, July 28th. Zacks Investment Research cut Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Thursday, July 21st. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Molina Healthcare in a research note on Tuesday, June 28th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $65.75.
The firm has a market cap of $3.20 billion and a PE ratio of 24.41. The company’s 50 day moving average is $53.89 and its 200-day moving average is $55.86.
Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, July 27th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. During the same period last year, the business earned $0.72 earnings per share. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.35 billion. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, equities analysts anticipate that Molina Healthcare Inc. will post $2.72 earnings per share for the current year.
In related news, insider Joseph W. Cpa White sold 6,676 shares of Molina Healthcare stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $58.48, for a total transaction of $390,412.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven J. Orlando sold 2,500 shares of Molina Healthcare stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $58.82, for a total value of $147,050.00. The disclosure for this sale can be found here.
A number of large investors have recently added to or reduced their stakes in MOH. Trexquant Investment LP purchased a new stake in Molina Healthcare during the fourth quarter worth $1,463,000. Redwood Investments LLC increased its stake in Molina Healthcare by 62.4% in the fourth quarter. Redwood Investments LLC now owns 25,416 shares of the company’s stock worth $1,528,000 after buying an additional 9,763 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Molina Healthcare by 3.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 28,039 shares of the company’s stock worth $1,686,000 after buying an additional 887 shares during the last quarter. Matarin Capital Management LLC bought a new stake in Molina Healthcare during the fourth quarter worth $4,484,000. Finally, Calvert Investment Management Inc. bought a new stake in Molina Healthcare during the fourth quarter worth $4,577,000.
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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