Molina Healthcare (NYSE:MOH) Rating Increased to Overweight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Molina Healthcare (NYSE:MOH) from an equal weight rating to an overweight rating in a research report sent to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has $372.00 price objective on the stock, up from their previous price objective of $295.00.

A number of other research analysts have also recently issued reports on MOH. StockNews.com cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Mizuho cut their target price on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research note on Monday. Barclays cut their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Finally, UBS Group cut their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Molina Healthcare has a consensus rating of “Moderate Buy” and a consensus price target of $355.69.

Molina Healthcare Stock Up 1.8 %

Shares of NYSE:MOH opened at $312.05 on Wednesday. The stock’s 50-day moving average price is $293.65 and its 200-day moving average price is $311.96. Molina Healthcare has a 12-month low of $262.32 and a 12-month high of $423.92. The stock has a market capitalization of $17.32 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. 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 (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, equities analysts anticipate that Molina Healthcare will post 24.4 earnings per share for the current year.

Insider Buying and Selling at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the business’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 sale, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Molina Healthcare

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Waldron Private Wealth LLC lifted its position in Molina Healthcare by 4.7% in the 4th quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock valued at $212,000 after acquiring an additional 33 shares in the last quarter. WCM Investment Management LLC lifted its position in Molina Healthcare by 3.4% in the 3rd quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock valued at $369,000 after acquiring an additional 36 shares in the last quarter. Metis Global Partners LLC lifted its position in Molina Healthcare by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock valued at $960,000 after acquiring an additional 39 shares in the last quarter. Angeles Investment Advisors LLC lifted its position in Molina Healthcare by 5.4% in the 4th quarter. Angeles Investment Advisors LLC now owns 838 shares of the company’s stock valued at $244,000 after acquiring an additional 43 shares in the last quarter. Finally, Caprock Group LLC raised its stake in Molina Healthcare by 3.3% during the 3rd quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock valued at $503,000 after buying an additional 47 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

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.