Sanford C. Bernstein Begins Coverage on Molina Healthcare (NYSE:MOH)

Sanford C. Bernstein started coverage on shares of Molina Healthcare (NYSE:MOH) in a report released on Tuesday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $414.00 price objective on the stock.

Several other brokerages have also recently commented on MOH. Guggenheim began coverage on shares of Molina Healthcare in a research report on Wednesday, April 9th. They issued a “neutral” rating on the stock. Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, April 11th. Truist Financial raised their price objective on Molina Healthcare from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Finally, Mizuho boosted their target price on Molina Healthcare from $376.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 9th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $363.62.

Molina Healthcare Trading Up 6.3 %

Shares of NYSE:MOH opened at $321.20 on Tuesday. The company has a 50 day moving average of $316.43 and a 200-day moving average of $307.66. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a market cap of $17.57 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.06 and a beta of 0.70. Molina Healthcare has a twelve month low of $262.32 and a twelve month high of $370.99.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. As a group, analysts anticipate that Molina Healthcare will post 24.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Molina Healthcare

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rothschild Investment LLC grew its stake in Molina Healthcare by 126.3% in the first quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock valued at $28,000 after purchasing an additional 48 shares in the last quarter. Colonial Trust Co SC grew its stake in shares of Molina Healthcare by 930.0% in the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock valued at $30,000 after buying an additional 93 shares in the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of Molina Healthcare in the 1st quarter valued at approximately $34,000. Versant Capital Management Inc increased its holdings in Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after buying an additional 74 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in Molina Healthcare during the fourth quarter valued at approximately $52,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

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.