Molina Healthcare, Inc. (NYSE:MOH) has received an average recommendation of “Hold” from the nineteen research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $73.00.
Several equities research analysts have weighed in on MOH shares. Jefferies Group increased their price target on Molina Healthcare from $64.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Goldman Sachs Group started coverage on Molina Healthcare in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $83.00 price target on the stock. Morgan Stanley increased their price target on Molina Healthcare from $68.00 to $89.00 and gave the stock an “overweight” rating in a research report on Friday, November 3rd. ValuEngine downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, JPMorgan Chase & Co. cut their price target on Molina Healthcare from $103.00 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, February 15th.
In other news, Director John C. Molina sold 6,400 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $78.18, for a total transaction of $500,352.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Charles Z. Fedak sold 4,487 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $72.55, for a total value of $325,531.85. Following the sale, the director now owns 20,648 shares in the company, valued at $1,498,012.40. The disclosure for this sale can be found here. Insiders have sold a total of 668,292 shares of company stock worth $53,340,151 over the last 90 days. Insiders own 6.20% of the company’s stock.
Several large investors have recently bought and sold shares of MOH. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Molina Healthcare during the 4th quarter valued at about $100,000. Zions Bancorporation acquired a new stake in Molina Healthcare in the 3rd quarter worth about $118,000. Tiedemann Wealth Management LLC boosted its holdings in Molina Healthcare by 7.8% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock worth $135,000 after buying an additional 103,775 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Molina Healthcare by 40.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,404 shares of the company’s stock worth $184,000 after buying an additional 690 shares during the last quarter. Finally, Connable Office Inc. acquired a new stake in Molina Healthcare in the 4th quarter worth about $203,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.
Shares of Molina Healthcare (MOH) traded down $0.37 on Wednesday, reaching $71.49. The company’s stock had a trading volume of 542,426 shares, compared to its average volume of 1,424,052. The firm has a market cap of $4,304.86, a P/E ratio of -7.93, a P/E/G ratio of 1.29 and a beta of 1.10. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.29. Molina Healthcare has a 12 month low of $42.56 and a 12 month high of $93.98.
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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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