Molina Healthcare (NYSE:MOH) Coverage Initiated by Analysts at Guggenheim

Research analysts at Guggenheim initiated coverage on shares of Molina Healthcare (NYSE:MOH) in a research report issued on Wednesday, Marketbeat Ratings reports. The firm set a “neutral” rating on the stock.

Several other research analysts also recently weighed in on the company. Truist Financial dropped their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. UBS Group decreased their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. Barclays dropped their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Finally, Mizuho lifted their price objective on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $350.75.

Molina Healthcare Stock Performance

Shares of Molina Healthcare stock opened at $343.13 on Wednesday. The company has a market capitalization of $18.77 billion, a PE ratio of 16.80, a P/E/G ratio of 1.06 and a beta of 0.70. The company has a 50-day simple moving average of $309.80 and a two-hundred day simple moving average of $308.17. Molina Healthcare has a one year low of $262.32 and a one year high of $379.07. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 EPS 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%. Research analysts expect that Molina Healthcare will post 24.4 EPS for the current fiscal year.

Insider Buying and Selling at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now owns 17,375 shares in the company, valued at $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Molina Healthcare

Several hedge funds have recently bought and sold shares of the stock. Tributary Capital Management LLC lifted its stake in shares of Molina Healthcare by 76.1% in the 4th quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock valued at $1,219,000 after purchasing an additional 1,811 shares during the period. Everence Capital Management Inc. purchased a new position in Molina Healthcare in the fourth quarter valued at $544,000. Smartleaf Asset Management LLC raised its position in shares of Molina Healthcare by 123.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 347 shares of the company’s stock worth $100,000 after acquiring an additional 192 shares during the period. SYM FINANCIAL Corp acquired a new position in shares of Molina Healthcare in the fourth quarter worth about $249,000. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of Molina Healthcare during the 3rd quarter worth about $2,947,000. Hedge funds and other institutional investors 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.