Molina Healthcare Inc (MOH) Given Consensus Recommendation of “Hold” by Brokerages
Molina Healthcare Inc (NYSE:MOH) has earned an average recommendation of “Hold” from the eighteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $62.25.
Several research firms have weighed in on MOH. Jefferies Group LLC reiterated a “hold” rating and set a $72.00 price objective on shares of Molina Healthcare in a research report on Friday, July 14th. Zacks Investment Research cut shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Stifel Nicolaus cut shares of Molina Healthcare from a “hold” rating to a “sell” rating and lifted their price objective for the stock from $47.00 to $60.00 in a research report on Wednesday, May 31st. BidaskClub cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, ValuEngine upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
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Molina Healthcare (MOH) traded up 4.50% during midday trading on Friday, hitting $65.32. The stock had a trading volume of 2,362,041 shares. The stock’s market cap is $3.73 billion. The firm has a 50 day moving average price of $62.22 and a 200 day moving average price of $60.55. Molina Healthcare has a one year low of $42.56 and a one year high of $72.79.
Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.87). Molina Healthcare had a positive return on equity of 16.10% and a negative net margin of 1.07%. The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.88 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities analysts expect that Molina Healthcare will post ($2.70) EPS for the current year.
In related news, COO Terry Bayer sold 415 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $69.24, for a total value of $28,734.60. Following the completion of the sale, the chief operating officer now directly owns 80,672 shares in the company, valued at $5,585,729.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Molina sold 22,737 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $66.01, for a total transaction of $1,500,869.37. Following the completion of the sale, the director now owns 563,122 shares of the company’s stock, valued at $37,171,683.22. The disclosure for this sale can be found here. Insiders sold 336,810 shares of company stock valued at $21,856,708 over the last quarter. 6.20% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. LS Investment Advisors LLC boosted its holdings in Molina Healthcare by 40.9% in the second quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock worth $127,000 after purchasing an additional 531 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Molina Healthcare in the second quarter worth $136,000. Meadow Creek Investment Management LLC boosted its holdings 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 purchasing an additional 280 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in Molina Healthcare by 64.2% in the second quarter. Riverhead Capital Management LLC now owns 2,463 shares of the company’s stock worth $170,000 after purchasing an additional 963 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in Molina Healthcare by 478.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,316 shares of the company’s stock worth $229,000 after purchasing an additional 2,743 shares in the last quarter. Hedge funds and other institutional investors own 96.04% 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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