Molina Healthcare (NYSE:MOH) Shares Gap Down – Here’s What Happened

Molina Healthcare, Inc. (NYSE:MOH)’s share price gapped down before the market opened on Friday . The stock had previously closed at $291.46, but opened at $282.57. Molina Healthcare shares last traded at $287.29, with a volume of 105,154 shares changing hands.

Analysts Set New Price Targets

MOH has been the topic of a number of research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Stephens reaffirmed an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. Truist Financial reduced their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays lowered their price target 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, Wells Fargo & Company increased their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $353.17.

Molina Healthcare Trading Down 2.9 %

The firm has a market cap of $15.71 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The company has a 50 day moving average price of $293.60 and a 200 day moving average price of $314.85.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, February 5th. The company reported $5.05 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, research analysts expect that Molina Healthcare, Inc. will post 24.37 earnings per share for the current year.

Institutional Trading of Molina Healthcare

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MOH. Wellington Management Group LLP grew its stake in shares of Molina Healthcare by 7.4% in the fourth quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock valued at $766,111,000 after buying an additional 181,073 shares in the last quarter. State Street Corp grew its position in Molina Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 2,614,311 shares of the company’s stock valued at $900,787,000 after acquiring an additional 13,001 shares in the last quarter. FMR LLC increased its stake in Molina Healthcare by 31.1% during the fourth quarter. FMR LLC now owns 1,801,113 shares of the company’s stock worth $524,214,000 after purchasing an additional 427,276 shares during the period. Geode Capital Management LLC lifted its position in shares of Molina Healthcare by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company’s stock worth $417,144,000 after purchasing an additional 34,992 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Molina Healthcare by 28.5% in the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company’s stock valued at $386,229,000 after purchasing an additional 294,180 shares in the last quarter. 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.