Molina Healthcare (NYSE:MOH) Trading 3.8% Higher – What’s Next?
by Renee Jackson · The Cerbat GemMolina Healthcare, Inc (NYSE:MOH – Get Free Report)’s stock price was up 3.8% during mid-day trading on Thursday . The stock traded as high as $207.50 and last traded at $201.5580. 157,169 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 1,373,224 shares. The stock had previously closed at $194.13.
Analyst Upgrades and Downgrades
MOH has been the topic of several recent research reports. Wall Street Zen cut shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Mizuho set a $215.00 price objective on Molina Healthcare in a report on Monday, June 8th. Sanford C. Bernstein set a $286.00 price objective on Molina Healthcare in a research report on Monday, July 13th. Royal Bank Of Canada cut their target price on Molina Healthcare from $248.00 to $218.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. lifted their target price on Molina Healthcare from $169.00 to $191.00 and gave the company a “neutral” rating in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $202.44.
Check Out Our Latest Stock Report on Molina Healthcare
Molina Healthcare Stock Performance
The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of -1,134.06, a P/E/G ratio of 28.70 and a beta of 0.75. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a 50-day simple moving average of $207.76 and a two-hundred day simple moving average of $184.21.
Molina Healthcare (NYSE:MOH – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. The business had revenue of $10.87 billion for the quarter, compared to analysts’ expectations of $10.83 billion. During the same quarter in the prior year, the company earned $5.48 earnings per share. The business’s quarterly revenue was down 4.8% on a year-over-year basis. On average, sell-side analysts anticipate that Molina Healthcare, Inc will post 5.29 EPS for the current fiscal year.
Hedge Funds Weigh In On Molina Healthcare
Several institutional investors have recently modified their holdings of the business. Physician Wealth Advisors Inc. raised its stake in shares of Molina Healthcare by 1,250.0% in the first quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Quarry LP acquired a new position in Molina Healthcare during the 4th quarter worth $32,000. SJS Investment Consulting Inc. increased its holdings in Molina Healthcare by 504.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 248 shares of the company’s stock worth $33,000 after purchasing an additional 207 shares during the period. Elevation Wealth Partners LLC increased its holdings in Molina Healthcare by 118.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock worth $33,000 after purchasing an additional 78 shares during the period. Finally, Triumph Capital Management raised its position in Molina Healthcare by 4,625.0% in the 4th quarter. Triumph Capital Management now owns 189 shares of the company’s stock valued at $33,000 after purchasing an additional 185 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.
About Molina Healthcare
Molina Healthcare, Inc is a managed care company that provides health insurance and related services through government-sponsored programs. Its primary lines of business include Medicaid, Medicare, and Affordable Care Act Marketplace plans, with a focus on serving low-income individuals, families, seniors, and people with complex medical needs.
The company offers health plans that coordinate medical, behavioral health, pharmacy, and other care services through contracted provider networks.