Stock Traders Purchase High Volume of Molina Healthcare Put Options (MOH)

Molina Healthcare (NYSE:MOH) was the target of some unusual options trading activity on Thursday. Stock traders purchased 1,848 put options on the stock. This represents an increase of approximately 1,034% compared to the average volume of 163 put options.

Several research firms have weighed in on MOH. TheStreet raised shares of Molina Healthcare from a “c” rating to a “b-” rating in a research note on Monday. Zacks Investment Research raised shares of Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $96.00 price target for the company in a research note on Tuesday, April 17th. Morgan Stanley lifted their price target on shares of Molina Healthcare from $91.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, May 1st. Leerink Swann lifted their price target on shares of Molina Healthcare from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, March 28th. Finally, Piper Jaffray Companies lifted their price target on shares of Molina Healthcare to $92.00 and gave the company an “overweight” rating in a research note on Tuesday, March 20th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $80.92.

NYSE:MOH opened at $84.29 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.98. The stock has a market cap of $5.24 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.34 and a beta of 1.20. Molina Healthcare has a one year low of $56.67 and a one year high of $93.98.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Monday, April 30th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $0.81 by $0.90. The company had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.74 billion. Molina Healthcare had a negative net margin of 2.46% and a positive return on equity of 20.08%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. equities analysts predict that Molina Healthcare will post 4.63 earnings per share for the current fiscal year.

In related news, Director Steven J. Orlando sold 1,500 shares of the business’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $82.10, for a total value of $123,150.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 3,900 shares of company stock worth $302,783. 0.65% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of MOH. Iridian Asset Management LLC CT bought a new stake in shares of Molina Healthcare during the fourth quarter worth about $128,179,000. Southpoint Capital Advisors LP bought a new stake in Molina Healthcare in the 4th quarter worth about $60,577,000. Renaissance Technologies LLC grew its position in Molina Healthcare by 53.5% in the 4th quarter. Renaissance Technologies LLC now owns 2,156,150 shares of the company’s stock worth $165,334,000 after purchasing an additional 751,800 shares in the last quarter. Victory Capital Management Inc. grew its position in Molina Healthcare by 36.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,590,409 shares of the company’s stock worth $121,953,000 after purchasing an additional 420,756 shares in the last quarter. Finally, Tiedemann Advisors LLC grew its position in Molina Healthcare by 30.9% in the 1st quarter. Tiedemann Advisors LLC now owns 1,764,371 shares of the company’s stock worth $143,231,000 after purchasing an additional 416,159 shares in the last quarter.

About Molina Healthcare

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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