Molina Healthcare (NYSE:MOH) Shares Down 5.1% – Time to Sell?

Molina Healthcare, Inc. (NYSE:MOH)’s share price fell 5.1% during trading on Wednesday . The stock traded as low as $287.68 and last traded at $290.26. 202,028 shares traded hands during trading, a decline of 71% from the average session volume of 695,444 shares. The stock had previously closed at $305.97.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MOH shares. Stephens reissued an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. Truist Financial cut their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. UBS Group lowered their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Barclays cut their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $353.17.

Molina Healthcare Stock Down 7.6 %

The business’s 50 day simple moving average is $293.36 and its 200 day simple moving average is $313.53. 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 capitalization of $15.69 billion, a PE ratio of 13.85, a PEG ratio of 1.06 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. On average, equities research analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Colonial Trust Co SC grew its holdings in shares of Molina Healthcare by 930.0% in the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the last quarter. True Wealth Design LLC grew its position in shares of Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after buying an additional 100 shares in the last quarter. Versant Capital Management Inc lifted its stake 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 acquiring an additional 74 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in Molina Healthcare during the 4th quarter valued at about $52,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Molina Healthcare in the 3rd quarter valued at about $62,000. 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.