Molina Healthcare, Inc (NYSE:MOH) Short Interest Update

Molina Healthcare, Inc (NYSE:MOH) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 3,042,371 shares, a drop of 15.8% from the December 31st total of 3,614,717 shares. Based on an average daily volume of 1,338,748 shares, the days-to-cover ratio is presently 2.3 days. Currently, 5.7% of the shares of the stock are sold short. Currently, 5.7% of the shares of the stock are sold short. Based on an average daily volume of 1,338,748 shares, the days-to-cover ratio is presently 2.3 days.

Analyst Ratings Changes

MOH has been the topic of a number of research analyst reports. Sanford C. Bernstein restated an “outperform” rating and issued a $224.00 target price on shares of Molina Healthcare in a research note on Tuesday, January 6th. Barclays upped their price objective on Molina Healthcare from $144.00 to $164.00 and gave the stock an “underweight” rating in a research note on Monday, January 5th. Wall Street Zen lowered Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Jefferies Financial Group set a $160.00 price target on shares of Molina Healthcare in a research report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Molina Healthcare in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $193.47.

Insider Buying and Selling at Molina Healthcare

In related news, Director Richard M. Schapiro sold 357 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $143.02, for a total value of $51,058.14. Following the completion of the transaction, the director owned 11,352 shares of the company’s stock, valued at approximately $1,623,563.04. This trade represents a 3.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MOH. Torren Management LLC purchased a new position in shares of Molina Healthcare in the 4th quarter valued at about $26,000. Miller Global Investments LLC purchased a new position in Molina Healthcare in the fourth quarter worth approximately $27,000. Cromwell Holdings LLC grew its holdings in Molina Healthcare by 211.9% during the 4th quarter. Cromwell Holdings LLC now owns 184 shares of the company’s stock worth $32,000 after acquiring an additional 125 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Molina Healthcare by 2,140.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock worth $33,000 after acquiring an additional 107 shares in the last quarter. Finally, Bogart Wealth LLC purchased a new stake in shares of Molina Healthcare in the 3rd quarter valued at approximately $39,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Stock Performance

Shares of Molina Healthcare stock traded down $0.02 during trading on Tuesday, hitting $181.16. 896,243 shares of the company’s stock were exchanged, compared to its average volume of 1,309,828. Molina Healthcare has a 52-week low of $133.40 and a 52-week high of $359.97. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 11.22 and a beta of 0.49. The business has a 50-day simple moving average of $172.39 and a 200-day simple moving average of $171.12.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.