Stifel Nicolaus reaffirmed their sell rating on shares of Molina Healthcare Inc (NYSE:MOH) in a report released on Friday morning. The brokerage currently has a $60.00 price objective on the stock.

A number of other equities analysts also recently commented on MOH. Barclays PLC initiated coverage on shares of Molina Healthcare in a research note on Tuesday, March 21st. They issued an equal weight rating and a $51.00 target price on the stock. Jefferies Group LLC reissued a hold rating and issued a $52.00 target price on shares of Molina Healthcare in a research note on Friday, March 24th. Deutsche Bank AG initiated coverage on shares of Molina Healthcare in a research note on Wednesday, April 5th. They issued a hold rating and a $52.00 target price on the stock. Zacks Investment Research raised shares of Molina Healthcare from a strong sell rating to a hold rating in a research note on Monday, April 24th. Finally, TheStreet raised shares of Molina Healthcare from a c rating to a b rating in a research note on Tuesday, May 2nd. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $60.37.

Molina Healthcare (MOH) traded up 0.09% during mid-day trading on Friday, hitting $70.26. The stock had a trading volume of 602,692 shares. Molina Healthcare has a one year low of $42.56 and a one year high of $72.15. The company has a 50 day moving average price of $68.04 and a 200-day moving average price of $56.55. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 37.75 and a beta of 0.91.

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In other news, insider William Dentino sold 66,000 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $68.68, for a total value of $4,532,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Terry Bayer sold 415 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $69.24, for a total transaction of $28,734.60. Following the completion of the sale, the chief operating officer now directly owns 80,672 shares of the company’s stock, valued at approximately $5,585,729.28. The disclosure for this sale can be found here. Insiders sold a total of 174,042 shares of company stock valued at $11,791,712 in the last three months. Insiders own 6.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC increased its stake in Molina Healthcare by 13.2% in the first quarter. Meadow Creek Investment Management LLC now owns 2,408 shares of the company’s stock valued at $110,000 after buying an additional 280 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in Molina Healthcare by 13.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,924 shares of the company’s stock valued at $133,000 after buying an additional 340 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Molina Healthcare during the second quarter valued at $136,000. Northwestern Mutual Wealth Management Co. increased its stake in Molina Healthcare by 361.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,771 shares of the company’s stock valued at $172,000 after buying an additional 2,954 shares during the last quarter. Finally, Advantus Capital Management Inc increased its stake in Molina Healthcare by 2.9% in the first quarter. Advantus Capital Management Inc now owns 5,449 shares of the company’s stock valued at $248,000 after buying an additional 153 shares during the last quarter. 92.96% of the stock is owned by institutional investors.

About Molina Healthcare

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, which includes its Pathways Health and Community Support LLC (Pathways) business.

Analyst Recommendations for Molina Healthcare (NYSE:MOH)

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