Molina Healthcare (NYSE:MOH) Lowered to “Hold” Rating by Baird R W

Baird R W downgraded shares of Molina Healthcare (NYSE:MOH) from a strong-buy rating to a hold rating in a report released on Tuesday,Zacks.com reports.

Several other brokerages have also weighed in on MOH. Mizuho upped their price objective on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, April 9th. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. Barclays decreased their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Truist Financial increased their target price on Molina Healthcare from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, April 11th. Finally, Guggenheim assumed coverage on shares of Molina Healthcare in a research note on Wednesday, April 9th. They set a “neutral” rating for the company. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $359.42.

Molina Healthcare Trading Down 3.0 %

NYSE MOH opened at $322.57 on Tuesday. The stock has a market capitalization of $17.64 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.06 and a beta of 0.70. The business has a 50 day simple moving average of $313.00 and a 200 day simple moving average of $308.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. Molina Healthcare has a one year low of $262.32 and a one year high of $370.99.

Molina Healthcare (NYSE:MOH) last announced 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 earnings per share for the current year.

Insider Activity at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the transaction, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.26% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rothschild Investment LLC increased its position in shares of Molina Healthcare by 126.3% during the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock valued at $28,000 after purchasing an additional 48 shares during the last quarter. Colonial Trust Co SC grew its position in Molina Healthcare by 930.0% during the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock valued at $30,000 after buying an additional 93 shares during the period. Versant Capital Management Inc increased its holdings in Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after buying an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Molina Healthcare during the fourth quarter worth about $52,000. Finally, Hurley Capital LLC bought a new stake in Molina Healthcare in the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

About Molina Healthcare

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.