Stifel Nicolaus reiterated their sell rating on shares of Molina Healthcare Inc (NYSE:MOH) in a report published on Friday morning. They currently have a $60.00 price objective on the stock.
MOH has been the topic of several other research reports. Zacks Investment Research raised Molina Healthcare from a hold rating to a buy rating and set a $72.00 price objective on the stock in a report on Thursday, May 4th. Jefferies Group LLC reaffirmed a hold rating and set a $52.00 price objective on shares of Molina Healthcare in a report on Friday, March 24th. ValuEngine lowered Molina Healthcare from a buy rating to a hold rating in a report on Tuesday, July 11th. Deutsche Bank AG started coverage on Molina Healthcare in a report on Wednesday, April 5th. They set a hold rating and a $52.00 price objective on the stock. Finally, TheStreet raised Molina Healthcare from a c rating to a b rating in a report on Tuesday, May 2nd. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Molina Healthcare has a consensus rating of Hold and a consensus target price of $60.37.
Molina Healthcare (NYSE:MOH) traded up 0.50% during mid-day trading on Friday, reaching $70.61. The company’s stock had a trading volume of 349,359 shares. Molina Healthcare has a one year low of $42.56 and a one year high of $72.15. The stock’s 50 day moving average is $68.04 and its 200 day moving average is $56.55. The firm has a market cap of $4.03 billion, a PE ratio of 37.94 and a beta of 0.91.
In other news, Director John C. Molina sold 15,393 shares of the business’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $65.00, for a total transaction of $1,000,545.00. Following the completion of the sale, the director now directly owns 693,599 shares of the company’s stock, valued at approximately $45,083,935. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William Dentino sold 66,000 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $68.68, for a total transaction of $4,532,880.00. The disclosure for this sale can be found here. Insiders sold a total of 174,042 shares of company stock valued at $11,791,712 over the last ninety days. 6.20% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Glen Harbor Capital Management LLC boosted its stake in shares of Molina Healthcare by 13.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,924 shares of the company’s stock valued at $133,000 after buying an additional 340 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Molina Healthcare by 1.0% in the first quarter. Nationwide Fund Advisors now owns 194,810 shares of the company’s stock valued at $8,883,000 after buying an additional 1,939 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Molina Healthcare by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the company’s stock valued at $488,000 after buying an additional 200 shares in the last quarter. Alpha Windward LLC boosted its stake in shares of Molina Healthcare by 11.2% in the first quarter. Alpha Windward LLC now owns 10,686 shares of the company’s stock valued at $487,000 after buying an additional 1,080 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. bought a new stake in shares of Molina Healthcare during the first quarter valued at about $1,741,000. 92.96% of the stock is owned by institutional investors.
About Molina Healthcare
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.
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