Molina Healthcare Inc. (MOH) Sees Strong Trading Volume
Shares of Molina Healthcare Inc. (NYSE:MOH) saw strong trading volume on Tuesday . 1,082,156 shares were traded during mid-day 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 research analysts have commented on the company. Leerink Swann reaffirmed an “outperform” rating and issued a $75.00 price target (down from $105.00) on shares of Molina Healthcare in a research report 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. cut Molina Healthcare from a “neutral” rating to a “sell” rating and lowered their price objective 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 lowered their price objective on Molina Healthcare from $83.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday, April 29th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $65.75.
The firm has a market cap of $3.26 billion and a P/E ratio of 24.85. The company has a 50-day moving average price of $53.72 and a 200-day moving average price of $55.86.
Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 27th. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.18. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.35 billion. Molina Healthcare’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. On average, equities research analysts expect that Molina Healthcare Inc. will post $2.72 EPS for the current year.
In other Molina Healthcare news, Director Steven J. Orlando sold 2,500 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $58.82, for a total transaction of $147,050.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph W. Cpa White sold 6,676 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $58.48, for a total value of $390,412.48. The disclosure for this sale can be found here.
Other institutional investors recently bought and sold shares of the company. Calvert Investment Management Inc. bought a new position in Molina Healthcare during the fourth quarter worth approximately $4,577,000. BlackRock Advisors LLC raised its position in Molina Healthcare by 27.6% in the fourth quarter. BlackRock Advisors LLC now owns 161,379 shares of the company’s stock worth $9,704,000 after buying an additional 34,888 shares during the period. Dimensional Fund Advisors LP raised its position in Molina Healthcare by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,803,884 shares of the company’s stock worth $108,470,000 after buying an additional 153,252 shares during the period. BNP Paribas Arbitrage SA raised its position in Molina Healthcare by 17.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 205,637 shares of the company’s stock worth $12,365,000 after buying an additional 30,164 shares during the period. Finally, Matarin Capital Management LLC bought a new position in Molina Healthcare during the fourth quarter worth approximately $4,484,000.
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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