Molina Healthcare (MOH) Shares Down 9.7%

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Molina Healthcare, Inc. (NYSE:MOH)’s share price dropped 9.7% during trading on Tuesday . The company traded as low as $129.69 and last traded at $130.21. Approximately 1,668,281 shares traded hands during mid-day trading, an increase of 89% from the average daily volume of 880,900 shares. The stock had previously closed at $144.23.

MOH has been the topic of a number of recent analyst reports. Stephens initiated coverage on shares of Molina Healthcare in a report on Monday, January 14th. They issued an “equal weight” rating and a $144.00 price objective on the stock. ValuEngine upgraded shares of Molina Healthcare from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Wolfe Research lowered shares of Molina Healthcare from an “outperform” rating to a “market perform” rating in a report on Thursday, January 3rd. Cowen initiated coverage on shares of Molina Healthcare in a report on Thursday, February 28th. They issued a “market perform” rating on the stock. Finally, Morgan Stanley boosted their price objective on shares of Molina Healthcare from $180.00 to $192.00 and gave the stock an “overweight” rating in a report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Molina Healthcare has an average rating of “Hold” and an average price target of $141.77.

The company has a market cap of $8.35 billion, a PE ratio of 12.47, a PEG ratio of 1.05 and a beta of 1.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.52 and a current ratio of 1.52.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Monday, February 11th. The company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $2.36. The business had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.56 billion. Molina Healthcare had a net margin of 3.74% and a return on equity of 45.70%. Research analysts forecast that Molina Healthcare, Inc. will post 9.89 earnings per share for the current year.

In related news, Director Ronna Romney sold 200 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $136.66, for a total transaction of $27,332.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 600 shares of company stock valued at $76,788. Insiders own 0.65% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc grew its position in Molina Healthcare by 14.0% in the 3rd quarter. Vanguard Group Inc now owns 5,773,626 shares of the company’s stock worth $858,538,000 after purchasing an additional 709,776 shares during the last quarter. Renaissance Technologies LLC grew its position in Molina Healthcare by 33.2% in the 3rd quarter. Renaissance Technologies LLC now owns 3,738,755 shares of the company’s stock worth $555,953,000 after purchasing an additional 932,905 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Molina Healthcare by 15,114.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,861,453 shares of the company’s stock worth $25,000 after purchasing an additional 2,842,645 shares during the last quarter. Acadian Asset Management LLC grew its position in Molina Healthcare by 14.6% in the 4th quarter. Acadian Asset Management LLC now owns 1,153,036 shares of the company’s stock worth $134,010,000 after purchasing an additional 146,951 shares during the last quarter. Finally, Iridian Asset Management LLC CT grew its position in Molina Healthcare by 43.5% in the 4th quarter. Iridian Asset Management LLC CT now owns 1,057,983 shares of the company’s stock worth $122,959,000 after purchasing an additional 320,543 shares during the last quarter.

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Molina Healthcare Company Profile (NYSE:MOH)

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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