Molina Healthcare Inc (MOH) Stock Rating Lowered by BidaskClub
Molina Healthcare Inc (NYSE:MOH) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
A number of other research analysts have also commented on the stock. TheStreet upgraded shares of Molina Healthcare from a “c” rating to a “b” rating in a research note on Tuesday, May 2nd. Zacks Investment Research lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. ValuEngine lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Wolfe Research started coverage on shares of Molina Healthcare in a research note on Friday, May 5th. They issued a “market perform” rating and a $69.00 price target on the stock. Finally, Stifel Nicolaus upped their price target on shares of Molina Healthcare from $45.00 to $47.00 and gave the company a “hold” rating in a research note on Wednesday, May 3rd. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Molina Healthcare presently has a consensus rating of “Hold” and an average target price of $60.75.
Molina Healthcare (NYSE:MOH) traded down 1.119% during midday trading on Friday, reaching $59.131. The company had a trading volume of 1,293,539 shares. Molina Healthcare has a one year low of $42.56 and a one year high of $72.79. The stock’s 50 day moving average price is $69.82 and its 200-day moving average price is $58.87. The firm’s market capitalization is $3.32 billion.
Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.87. Molina Healthcare had a negative net margin of 1.07% and a positive return on equity of 16.10%. The company had revenue of $5 billion during the quarter, compared to analyst estimates of $4.88 billion. During the same quarter last year, the company posted $0.67 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities research analysts anticipate that Molina Healthcare will post $2.20 earnings per share for the current year.
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In related news, insider William Dentino sold 66,000 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $68.68, for a total transaction of $4,532,880.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Garrey Carruthers sold 2,850 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $67.15, for a total transaction of $191,377.50. Following the sale, the director now owns 6,721 shares in the company, valued at approximately $451,315.15. The disclosure for this sale can be found here. Insiders have sold a total of 187,384 shares of company stock worth $12,796,072 in the last quarter. 6.20% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Meadow Creek Investment Management LLC raised 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 worth $110,000 after buying an additional 280 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Molina Healthcare by 40.9% in the second quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock valued at $127,000 after buying an additional 531 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of 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 in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Molina Healthcare during the second quarter valued at about $136,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.
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.
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