BidaskClub lowered shares of Molina Healthcare Inc (NYSE:MOH) from a strong-buy rating to a buy rating in a report issued on Friday.
Several other equities research analysts have also issued reports on MOH. TheStreet upgraded Molina Healthcare from a c rating to a b rating in a report on Tuesday, May 2nd. Zacks Investment Research lowered Molina Healthcare from a hold rating to a sell rating in a report on Tuesday, July 11th. Deutsche Bank AG began coverage on Molina Healthcare in a report on Wednesday, April 5th. They set a hold rating and a $52.00 price target for the company. Wolfe Research began coverage on Molina Healthcare in a report on Friday, May 5th. They set a market perform rating and a $69.00 price target for the company. Finally, Stifel Nicolaus lifted their price target on Molina Healthcare from $45.00 to $47.00 and gave the company a hold rating in a report on Wednesday, May 3rd. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $60.75.
Molina Healthcare (NYSE MOH) traded down 1.736% on Friday, reaching $68.785. 144,356 shares of the company traded hands. Molina Healthcare has a 52-week low of $42.56 and a 52-week high of $72.79. The firm has a 50 day moving average price of $69.88 and a 200 day moving average price of $58.74. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 36.961 and a beta of 0.91.
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In related news, COO Terry Bayer sold 34,721 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $67.09, for a total value of $2,329,431.89. Following the completion of the sale, the chief operating officer now directly owns 122,462 shares in the company, valued at approximately $8,215,975.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John C. Molina sold 21,277 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $70.53, for a total value of $1,500,666.81. Following the completion of the sale, the director now owns 611,154 shares of the company’s stock, valued at $43,104,691.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 195,319 shares of company stock valued at $13,292,378. Corporate insiders own 6.20% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its stake in Molina Healthcare by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,920 shares of the company’s stock valued at $680,000 after buying an additional 200 shares during the period. Strs Ohio raised its stake in Molina Healthcare by 3.8% in the first quarter. Strs Ohio now owns 24,800 shares of the company’s stock valued at $1,130,000 after buying an additional 900 shares during the period. First Mercantile Trust Co. raised its stake in Molina Healthcare by 5.4% in the first quarter. First Mercantile Trust Co. now owns 5,640 shares of the company’s stock valued at $257,000 after buying an additional 290 shares during the period. Glen Harbor Capital Management LLC raised its stake in 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 during the period. Finally, Nationwide Fund Advisors raised its stake in 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 during the period. Hedge funds and other institutional investors own 93.79% of the company’s stock.
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.
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