Molina Healthcare Inc (NYSE:MOH) had its price target increased by equities research analysts at Jefferies Group LLC from $64.00 to $74.00 in a note issued to investors on Friday, November 3rd. The firm presently has a “hold” rating on the stock. Jefferies Group LLC’s target price indicates a potential downside of 5.02% from the stock’s current price. Jefferies Group also issued estimates for Molina Healthcare’s Q1 2018 earnings at $0.65 EPS, Q2 2018 earnings at $0.72 EPS, Q3 2018 earnings at $0.82 EPS and FY2018 earnings at $3.06 EPS.
Several other brokerages have also issued reports on MOH. Zacks Investment Research lowered Molina Healthcare from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Deutsche Bank AG reiterated a “hold” rating and set a $72.00 price target on shares of Molina Healthcare in a report on Wednesday, August 9th. Bank of America Corporation boosted their price objective on Molina Healthcare from $59.00 to $60.00 and gave the company an “underperform” rating in a research report on Friday, July 14th. Wolfe Research raised Molina Healthcare from a “market perform” rating to an “outperform” rating in a research note on Monday, October 23rd. Finally, Morgan Stanley raised Molina Healthcare from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $65.00 to $68.00 in a research note on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $64.30.
Shares of Molina Healthcare (NYSE MOH) traded up $1.01 during midday trading on Friday, hitting $77.91. 874,400 shares of the company were exchanged, compared to its average volume of 1,272,789. The company has a market capitalization of $4,390.53, a PE ratio of 23.88 and a beta of 0.91. Molina Healthcare has a fifty-two week low of $42.56 and a fifty-two week high of $80.65. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.06.
Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Thursday, November 2nd. The company reported ($1.62) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($1.85). The company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.95 billion. Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 EPS. analysts expect that Molina Healthcare will post -3.88 EPS for the current year.
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In other news, insider Lisa A. Rubino sold 5,378 shares of Molina Healthcare stock in a transaction on Monday, August 21st. The stock was sold at an average price of $60.30, for a total value of $324,293.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel Cooperman sold 4,500 shares of Molina Healthcare stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $78.79, for a total value of $354,555.00. Following the completion of the transaction, the director now owns 9,087 shares in the company, valued at approximately $715,964.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 373,458 shares of company stock worth $24,394,739. Corporate insiders own 6.20% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in MOH. Tavio Capital LLC lifted its holdings in Molina Healthcare by 418.0% during the 3rd quarter. Tavio Capital LLC now owns 537,192 shares of the company’s stock worth $36,937,000 after buying an additional 433,485 shares during the period. Acadian Asset Management LLC lifted its holdings in Molina Healthcare by 6,812.6% during the 2nd quarter. Acadian Asset Management LLC now owns 415,587 shares of the company’s stock worth $28,748,000 after buying an additional 409,575 shares during the period. Koch Industries Inc. acquired a new position in Molina Healthcare during the 2nd quarter worth about $323,000. York Capital Management Global Advisors LLC acquired a new position in Molina Healthcare during the 2nd quarter worth about $19,289,000. Finally, Naya Capital Management UK Ltd. lifted its holdings in Molina Healthcare by 225.7% during the 2nd quarter. Naya Capital Management UK Ltd. now owns 363,093 shares of the company’s stock worth $25,119,000 after buying an additional 251,600 shares during the period. 95.04% of the stock is currently owned by hedge funds and other institutional investors.
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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