Molina Healthcare (NYSE:MOH) Stock Price Down 3.7% – What’s Next?

Shares of Molina Healthcare, Inc. (NYSE:MOH) were down 3.7% during mid-day trading on Tuesday . The stock traded as low as $340.45 and last traded at $335.69. Approximately 15,286 shares were traded during trading, a decline of 98% from the average daily volume of 651,559 shares. The stock had previously closed at $348.57.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Baird R W cut shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. Stephens restated an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. Guggenheim initiated coverage on Molina Healthcare in a research note on Wednesday, April 9th. They set a “neutral” rating on the stock. Finally, Mizuho raised their price target on Molina Healthcare from $376.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, April 9th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Molina Healthcare presently has a consensus rating of “Hold” and a consensus price target of $359.42.

Molina Healthcare Trading Down 0.9 %

The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market capitalization of $18.19 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. The company has a fifty day simple moving average of $313.00 and a two-hundred day simple moving average of $308.38.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. On average, analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the transaction, the director now directly owns 17,375 shares in the company, valued at $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On Molina Healthcare

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC grew its position in Molina Healthcare by 126.3% in the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock worth $28,000 after purchasing an additional 48 shares during the last quarter. Colonial Trust Co SC lifted its stake in shares of Molina Healthcare by 930.0% in the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock valued at $30,000 after buying an additional 93 shares during the period. Versant Capital Management Inc lifted its stake in shares of Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after buying an additional 74 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in Molina Healthcare during the fourth quarter worth about $52,000. Finally, Hurley Capital LLC bought a new position in Molina Healthcare during the fourth quarter valued at about $55,000. Institutional investors own 98.50% of the company’s stock.

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.