Molina Healthcare (NYSE:MOH) Stock Price Up 3.2%

Molina Healthcare, Inc. (NYSE:MOH)’s share price was up 3.2% during mid-day trading on Tuesday . The company traded as high as $334.72 and last traded at $333.99. Approximately 170,070 shares were traded during trading, a decline of 66% from the average daily volume of 493,083 shares. The stock had previously closed at $323.72.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MOH shares. Wells Fargo & Company upped their price target on shares of Molina Healthcare from $315.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Robert W. Baird started coverage on shares of Molina Healthcare in a research note on Thursday, May 30th. They set an “outperform” rating and a $405.00 price target on the stock. Jefferies Financial Group decreased their price target on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Finally, Baird R W upgraded shares of Molina Healthcare to a “strong-buy” rating in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Molina Healthcare has an average rating of “Moderate Buy” and a consensus target price of $378.00.

Molina Healthcare Trading Up 2.4 %

The stock’s fifty day moving average price is $326.76 and its 200 day moving average price is $345.08. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $20.68 billion, a P/E ratio of 19.04, a PEG ratio of 1.14 and a beta of 0.57.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, topping analysts’ consensus estimates of $5.73 by $0.13. The firm had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the prior year, the business posted $5.65 earnings per share. Research analysts forecast that Molina Healthcare, Inc. will post 23.5 earnings per share for the current year.

Insider Transactions at Molina Healthcare

In other news, CAO Maurice Hebert sold 393 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the transaction, the chief accounting officer now directly owns 9,473 shares in the company, valued at $3,282,583.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total transaction of $339,210.00. Following the transaction, the director now directly owns 18,025 shares in the company, valued at approximately $6,114,260.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Maurice Hebert sold 393 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the transaction, the chief accounting officer now owns 9,473 shares in the company, valued at $3,282,583.96. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC purchased a new stake in shares of Molina Healthcare during the second quarter valued at about $36,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Molina Healthcare during the second quarter valued at about $40,000. Principal Securities Inc. purchased a new stake in shares of Molina Healthcare during the fourth quarter valued at about $42,000. AM Squared Ltd purchased a new stake in shares of Molina Healthcare during the second quarter valued at about $59,000. Finally, Mather Group LLC. purchased a new stake in shares of Molina Healthcare during the first quarter valued at about $123,000. 98.50% of the stock is currently 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.