Molina Healthcare, Inc (NYSE:MOH) Stock Now Rated “Hold” by Sell-Side Brokerages

Molina Healthcare, Inc (NYSE:MOH) has been assigned a consensus recommendation of “Hold” from the eighteen brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $213.88.

MOH has been the topic of a number of analyst reports. Truist Financial reduced their target price on shares of Molina Healthcare from $250.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Weiss Ratings upgraded shares of Molina Healthcare from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, October 21st. Morgan Stanley increased their price target on shares of Molina Healthcare from $167.00 to $192.00 and gave the company an “equal weight” rating in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $163.00 price target on shares of Molina Healthcare in a report on Monday, October 26th. Finally, Wall Street Zen upgraded shares of Molina Healthcare from a “sell” rating to a “hold” rating in a report on Saturday, October 24th.

Molina Healthcare Stock Down 4.3%

Shares of MOH opened at $216.72 on Friday. Molina Healthcare has a 52-week low of $121.06 and a 52-week high of $244.89. The company has a market capitalization of $11.31 billion, a PE ratio of 113.21, a price-to-earnings-growth ratio of 13.36 and a beta of 0.75. The stock has a fifty day simple moving average of $201.76 and a two-hundred day simple moving average of $185.32. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.95.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, October 21st. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.10. The firm had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $10.86 billion. Molina Healthcare had a negative net margin of 0.11% and a positive return on equity of 2.50%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS. As a group, equities analysts forecast that Molina Healthcare will post 5.30 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MOH. Integrated Wealth Concepts LLC increased its stake in Molina Healthcare by 56.9% during the second quarter. Integrated Wealth Concepts LLC now owns 15,669 shares of the company’s stock worth $3,584,000 after purchasing an additional 5,681 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Molina Healthcare by 394.1% during the second quarter. Assenagon Asset Management S.A. now owns 156,632 shares of the company’s stock worth $35,822,000 after purchasing an additional 124,929 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Molina Healthcare during the second quarter worth about $22,656,000. Summit Street Capital Management LLC acquired a new stake in shares of Molina Healthcare during the second quarter worth about $41,630,000. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Molina Healthcare in the second quarter valued at approximately $2,229,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed-care company that provides health insurance and related services primarily through government-sponsored programs. Its offerings include Medicaid, Medicare, Medicare-Medicaid dual-eligible plans and health plans sold through government marketplaces under the Affordable Care Act.

The company’s services generally include medical care coordination, behavioral health support, pharmacy benefits and, depending on the plan and state, dental and vision benefits.