Molina Healthcare (NYSE:MOH) Shares Gap Down – Here’s What Happened

Molina Healthcare, Inc. (NYSE:MOH) shares gapped down before the market opened on Friday . The stock had previously closed at $291.46, but opened at $282.57. Molina Healthcare shares last traded at $287.29, with a volume of 105,154 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. UBS Group cut their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Truist Financial cut their price target on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 8th. Finally, Wells Fargo & Company raised their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $353.17.

Molina Healthcare Price Performance

The company has a market cap of $15.76 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. The company has a fifty day moving average price of $293.21 and a two-hundred day moving average price of $314.24. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, equities research analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Institutional Trading of Molina Healthcare

Institutional investors have recently modified their holdings of the company. Colonial Trust Co SC boosted its stake in Molina Healthcare by 930.0% in the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock valued at $30,000 after buying an additional 93 shares in the last quarter. True Wealth Design LLC boosted its stake in Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after buying an additional 100 shares in the last quarter. Versant Capital Management Inc boosted its stake in Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after buying an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Molina Healthcare in the 4th quarter valued at $52,000. Finally, Hurley Capital LLC acquired a new stake in Molina Healthcare in the 4th quarter valued at $55,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

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.