ValuEngine upgraded shares of Molina Healthcare (NYSE:MOH) from a hold rating to a buy rating in a report issued on Thursday, November 9th.
MOH has been the topic of several other reports. BidaskClub cut Molina Healthcare from a buy rating to a hold rating in a research note on Friday, August 4th. TheStreet downgraded Molina Healthcare from a b rating to a c rating in a report on Monday, August 7th. Credit Suisse Group reissued an underperform rating and issued a $53.00 target price (up from $50.00) on shares of Molina Healthcare in a report on Friday, July 14th. BMO Capital Markets began coverage on Molina Healthcare in a report on Monday, October 16th. They issued a market perform rating and a $70.00 target price on the stock. Finally, Mitsubishi UFJ Financial Group began coverage on Molina Healthcare in a report on Thursday, September 21st. They issued a neutral rating and a $70.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Molina Healthcare has an average rating of Hold and a consensus target price of $64.30.
Shares of Molina Healthcare (MOH) opened at $74.99 on Thursday. The firm has a market capitalization of $4,286.62, a price-to-earnings ratio of 23.32 and a beta of 0.91. Molina Healthcare has a 12 month low of $42.56 and a 12 month high of $80.65. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06.
In other news, insider William Dentino sold 2,000 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $65.08, for a total transaction of $130,160.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director J Mario Md Molina sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $64.75, for a total value of $971,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 455,835 shares of company stock worth $31,225,846. Corporate insiders own 6.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Zions Bancorporation bought a new position in Molina Healthcare in the third quarter valued at about $118,000. LS Investment Advisors LLC lifted its holdings in Molina Healthcare by 40.9% in the second quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock valued at $127,000 after acquiring an additional 531 shares during the period. Meeder Asset Management Inc. bought a new position in Molina Healthcare in the second quarter valued at about $136,000. Riverhead Capital Management LLC lifted its holdings in Molina Healthcare by 64.2% in the second quarter. Riverhead Capital Management LLC now owns 2,463 shares of the company’s stock valued at $170,000 after acquiring an additional 963 shares during the period. Finally, Sabal Trust CO bought a new position in Molina Healthcare in the third quarter valued at about $206,000. 96.23% of the stock is currently owned by institutional investors.
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Molina Healthcare Company Profile
Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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