Molina Healthcare (NYSE:MOH) Shares Gap Down – Time to Sell?

Molina Healthcare, Inc. (NYSE:MOH) shares gapped down before the market opened on Thursday . The stock had previously closed at $332.38, but opened at $319.93. Molina Healthcare shares last traded at $320.20, with a volume of 133,727 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MOH shares. Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. Truist Financial lifted their price objective on Molina Healthcare from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, April 11th. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, April 11th. Baird R W lowered shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Mizuho raised their target price on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, April 9th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $359.42.

Molina Healthcare Stock Down 2.1 %

The firm has a market cap of $17.80 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.06 and a beta of 0.70. The firm has a fifty day moving average price of $313.00 and a 200-day moving average price of $308.38. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. As a group, sell-side analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Insider Activity

In other news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP increased its position in shares of Molina Healthcare by 7.4% in the fourth quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock worth $766,111,000 after acquiring an additional 181,073 shares in the last quarter. FMR LLC raised its position in Molina Healthcare by 31.1% in the fourth quarter. FMR LLC now owns 1,801,113 shares of the company’s stock valued at $524,214,000 after purchasing an additional 427,276 shares during the period. Geode Capital Management LLC lifted its stake in shares of Molina Healthcare by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company’s stock worth $417,144,000 after purchasing an additional 34,992 shares in the last quarter. Invesco Ltd. boosted its position in shares of Molina Healthcare by 28.5% in the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company’s stock worth $386,229,000 after buying an additional 294,180 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Molina Healthcare by 15.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 688,245 shares of the company’s stock valued at $200,307,000 after buying an additional 91,229 shares during the period. Hedge funds and other 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.