Molina Healthcare (NYSE:MOH) Trading Down 5.8%

Molina Healthcare, Inc. (NYSE:MOHGet Rating) shares dropped 5.8% on Friday . The stock traded as low as $309.63 and last traded at $310.72. Approximately 6,240 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 535,931 shares. The stock had previously closed at $329.69.

Wall Street Analyst Weigh In

MOH has been the subject of several research analyst reports. Barclays boosted their target price on shares of Molina Healthcare from $380.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, October 28th. Cowen boosted their target price on shares of Molina Healthcare from $371.00 to $380.00 in a research report on Monday, November 7th. StockNews.com initiated coverage on shares of Molina Healthcare in a research report on Wednesday, October 12th. They issued a “strong-buy” rating for the company. JPMorgan Chase & Co. initiated coverage on shares of Molina Healthcare in a research report on Monday, October 3rd. They issued an “overweight” rating and a $360.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Molina Healthcare from $315.00 to $355.00 and gave the stock a “hold” rating in a research report on Tuesday, November 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $365.71.

Molina Healthcare Trading Down 3.7 %

The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.79. The stock has a market cap of $18.54 billion, a P/E ratio of 22.16, a PEG ratio of 0.99 and a beta of 0.81. The firm’s 50-day simple moving average is $344.78 and its 200 day simple moving average is $316.91.

Insiders Place Their Bets

In other Molina Healthcare news, Director Steven J. Orlando sold 500 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $355.40, for a total value of $177,700.00. Following the completion of the transaction, the director now owns 20,265 shares in the company, valued at approximately $7,202,181. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Joseph M. Zubretsky sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $330.74, for a total value of $9,922,200.00. Following the completion of the sale, the chief executive officer now directly owns 255,157 shares of the company’s stock, valued at approximately $84,390,626.18. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven J. Orlando sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $355.40, for a total transaction of $177,700.00. Following the completion of the sale, the director now directly owns 20,265 shares of the company’s stock, valued at $7,202,181. The disclosure for this sale can be found here. In the last 90 days, insiders sold 215,780 shares of company stock worth $73,392,237. Insiders own 1.49% of the company’s stock.

Institutional Trading of Molina Healthcare

A number of institutional investors have recently made changes to their positions in MOH. Steward Partners Investment Advisory LLC lifted its stake in Molina Healthcare by 123.5% during the first quarter. Steward Partners Investment Advisory LLC now owns 76 shares of the company’s stock valued at $25,000 after purchasing an additional 42 shares during the last quarter. Private Trust Co. NA acquired a new stake in Molina Healthcare during the second quarter valued at approximately $25,000. Prospera Financial Services Inc acquired a new stake in Molina Healthcare during the first quarter valued at approximately $26,000. Massmutual Trust Co. FSB ADV lifted its stake in Molina Healthcare by 64.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 92 shares of the company’s stock valued at $30,000 after purchasing an additional 36 shares during the last quarter. Finally, JFS Wealth Advisors LLC lifted its stake in Molina Healthcare by 447.1% during the first quarter. JFS Wealth Advisors LLC now owns 93 shares of the company’s stock valued at $31,000 after purchasing an additional 76 shares during the last quarter. 95.40% of the stock is owned by institutional investors and hedge funds.

About Molina Healthcare

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Molina Healthcare, Inc provides managed health care services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments, Medicaid, Medicare, Marketplace, and Other. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states.

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