Molina Healthcare (NYSE:MOH) Given Equal Weight Rating at Stephens

Molina Healthcare (NYSE:MOH)‘s stock had its “equal weight” rating reissued by analysts at Stephens in a note issued to investors on Thursday, Benzinga reports. They currently have a $390.00 price target on the stock. Stephens’ target price suggests a potential upside of 13.96% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. StockNews.com cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 8th. Wells Fargo & Company dropped their target price on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Bank of America cut shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target on the stock. in a report on Thursday, March 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a report on Thursday, April 4th. Finally, Truist Financial lifted their price target on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $396.09.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $342.23 on Thursday. Molina Healthcare has a fifty-two week low of $266.35 and a fifty-two week high of $423.92. The stock has a market cap of $20.05 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 0.99 and a beta of 0.47. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.54 and a current ratio of 1.49. The firm’s 50-day simple moving average is $391.53 and its 200 day simple moving average is $371.87.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, beating the consensus estimate of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The business had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.45 billion. During the same quarter last year, the firm earned $5.81 EPS. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, research analysts anticipate that Molina Healthcare will post 23.62 earnings per share for the current fiscal year.

Insider Activity at Molina Healthcare

In related news, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the transaction, the director now directly owns 12,207 shares in the company, valued at approximately $4,688,220.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the transaction, the director now directly owns 12,207 shares in the company, valued at approximately $4,688,220.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the transaction, the director now owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,711 shares of company stock worth $6,472,517. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Deutsche Bank AG grew its position in shares of Molina Healthcare by 1.5% during the 3rd quarter. Deutsche Bank AG now owns 258,441 shares of the company’s stock valued at $84,740,000 after purchasing an additional 3,754 shares in the last quarter. Invesco Ltd. grew its position in shares of Molina Healthcare by 10.4% during the 3rd quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock valued at $390,242,000 after purchasing an additional 112,243 shares in the last quarter. Overbrook Management Corp grew its position in shares of Molina Healthcare by 1.1% during the 4th quarter. Overbrook Management Corp now owns 36,908 shares of the company’s stock valued at $13,335,000 after purchasing an additional 391 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Molina Healthcare by 4,019.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 103,185 shares of the company’s stock valued at $37,282,000 after purchasing an additional 100,680 shares in the last quarter. Finally, DNB Asset Management AS grew its position in shares of Molina Healthcare by 20.7% during the 4th quarter. DNB Asset Management AS now owns 42,852 shares of the company’s stock valued at $15,483,000 after purchasing an additional 7,346 shares in the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Company Profile

Molina Healthcare, Inc provides managed healthcare 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. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.