Molina Healthcare (NYSE:MOH) Stock Price Up 4.1% – What’s Next?

Molina Healthcare, Inc. (NYSE:MOH) shot up 4.1% during mid-day trading on Monday . The company traded as high as $325.20 and last traded at $323.02. 297,621 shares were traded during trading, a decline of 43% from the average session volume of 523,280 shares. The stock had previously closed at $310.41.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Truist Financial lowered their price objective on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Robert W. Baird decreased their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. StockNews.com upgraded Molina Healthcare from a “buy” rating to a “strong-buy” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company boosted their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $359.18.

Molina Healthcare Price Performance

The firm has a market cap of $18.16 billion, a PE ratio of 16.12, a PEG ratio of 0.96 and a beta of 0.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The company has a 50 day moving average price of $298.78 and a 200 day moving average price of $318.38.

Molina Healthcare (NYSE:MOH) last posted its earnings results 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 net margin of 2.92% and a return on equity of 27.88%. Sell-side analysts expect that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal year.

Institutional Trading of Molina Healthcare

Several large investors have recently modified their holdings of MOH. True Wealth Design LLC lifted its position 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 purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc grew its holdings in Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $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 approximately $52,000. Financial Perspectives Inc bought a new stake in Molina Healthcare during the 4th quarter valued at $59,000. Finally, Capital Performance Advisors LLP acquired a new position in Molina Healthcare during the 3rd quarter worth $62,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

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.