Other research analysts also recently issued reports about the company. Jefferies Group increased their target price on Molina Healthcare from $60.00 to $64.00 and gave the company a hold rating in a research report on Friday, October 13th. Wolfe Research upgraded Molina Healthcare from a market perform rating to an outperform rating in a research report on Monday, October 23rd. Morgan Stanley increased their target price on Molina Healthcare from $68.00 to $89.00 and gave the company an overweight rating in a research report on Friday, November 3rd. ValuEngine downgraded Molina Healthcare from a buy rating to a hold rating in a research report on Friday, December 1st. Finally, Zacks Investment Research upgraded Molina Healthcare from a sell rating to a hold rating in a research report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $64.30.
Molina Healthcare (NYSE MOH) opened at $75.11 on Friday. Molina Healthcare has a 52 week low of $42.56 and a 52 week high of $80.74. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $4,288.33, a P/E ratio of 23.33 and a beta of 0.97.
In related news, insider William Dentino sold 22,500 shares of the stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $63.96, for a total transaction of $1,439,100.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Terry Bayer sold 9,077 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $77.45, for a total value of $703,013.65. Following the sale, the chief operating officer now owns 74,478 shares in the company, valued at approximately $5,768,321.10. The disclosure for this sale can be found here. Insiders have sold a total of 407,523 shares of company stock worth $28,505,592 in the last 90 days. 6.20% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in MOH. Zions Bancorporation purchased a new stake in Molina Healthcare in the third quarter worth $118,000. LS Investment Advisors LLC increased its stake in Molina Healthcare by 40.9% in the second quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock worth $127,000 after purchasing an additional 531 shares during the period. Tiedemann Wealth Management LLC increased its stake in Molina Healthcare by 7.8% in the third quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock worth $135,000 after purchasing an additional 103,775 shares during the period. Riverhead Capital Management LLC increased its stake in Molina Healthcare by 64.2% in the second quarter. Riverhead Capital Management LLC now owns 2,463 shares of the company’s stock worth $170,000 after purchasing an additional 963 shares during the period. Finally, Sabal Trust CO purchased a new stake in Molina Healthcare in the third quarter worth $206,000. Institutional investors own 96.23% of the company’s stock.
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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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