The stock of Molina Healthcare, Inc. (NYSE:MOH) is a huge mover today! The stock decreased 2.73% or $1.59 during the last trading session, hitting $56.73. About 436,662 shares traded hands. Molina Healthcare, Inc. (NYSE:MOH) has declined 11.00% since March 1, 2016 and is downtrending. It has underperformed by 23.21% the S&P500.
The move comes after 5 months negative chart setup for the $3.28 billion company. It was reported on Oct, 4 by Barchart.com. We have $51.62 PT which if reached, will make NYSE:MOH worth $295.20M less.
Analysts await Molina Healthcare, Inc. (NYSE:MOH) to report earnings on November, 3. They expect $0.81 earnings per share, up 5.19% or $0.04 from last year’s $0.77 per share. MOH’s profit will be $46.83M for 17.51 P/E if the $0.81 EPS becomes a reality. After $0.67 actual earnings per share reported by Molina Healthcare, Inc. for the previous quarter, Wall Street now forecasts 20.90% EPS growth.
Molina Healthcare, Inc. (NYSE:MOH) Ratings Coverage
Out of 11 analysts covering Molina Healthcare (NYSE:MOH), 4 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 36% are positive. Molina Healthcare has been the topic of 17 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Thursday, September 3, the company rating was maintained by Cantor Fitzgerald. Stifel Nicolaus upgraded the stock to “Buy” rating in Friday, July 31 report. The stock of Molina Healthcare, Inc. (NYSE:MOH) earned “Buy” rating by Jefferies on Tuesday, September 13. The stock has “Buy” rating given by Stifel Nicolaus on Friday, April 29. Susquehanna maintained it with “Positive” rating and $92 target price in Friday, September 18 report. Barclays Capital maintained it with “Equal Weight” rating and $76.0 target price in Monday, November 2 report. The company was upgraded on Monday, September 19 by Goldman Sachs. The rating was initiated by Credit Suisse on Wednesday, December 16 with “Neutral”. Bank of America downgraded the shares of MOH in a report on Friday, April 29 to “Underperform” rating. The stock has “Neutral” rating given by JP Morgan on Wednesday, September 16.
According to Zacks Investment Research, “Molina Healthcare is a multi-state managed care organization that arranges for the delivery of healthcare services to persons eligible for Medicaid and other programs for low-income families and individuals. It currently operates health plans in California, Washington, Michigan and Utah.”
Insitutional Activity: The institutional sentiment decreased to 1.1 in Q2 2016. Its down 0.12, from 1.22 in 2016Q1. The ratio dived, as 58 funds sold all Molina Healthcare, Inc. shares owned while 76 reduced positions. 46 funds bought stakes while 101 increased positions. They now own 49.13 million shares or 7.28% less from 52.99 million shares in 2016Q1.
Commonwealth Equity Services holds 383,393 shares or 0.16% of its portfolio. Blue Jay Cap Management Ltd Limited Liability Company last reported 205,270 shares in the company. Adage Capital Prns Lc has 0.03% invested in the company for 225,000 shares. Amer Intll has 103,557 shares for 0% of their US portfolio. Jpmorgan Chase, a New York-based fund reported 1.09 million shares. California Public Employees Retirement Sys reported 77,200 shares or 0.01% of all its holdings. Geneva Advsr Limited Liability Com accumulated 0.01% or 8,253 shares. Boston Advsr Limited Liability Co has 309,903 shares for 0.39% of their US portfolio. Tudor Investment Et Al accumulated 21,033 shares or 0.02% of the stock. Millennium Management Ltd Liability Corp accumulated 388,218 shares or 0.04% of the stock. Massachusetts Financial Company Ma holds 0.03% of its portfolio in Molina Healthcare, Inc. (NYSE:MOH) for 1.24 million shares. Menta Cap Limited Liability Company owns 24,627 shares or 0.17% of their US portfolio. Cypress Cap Limited Company (Wy) holds 15 shares or 0% of its portfolio. Ardsley Advisory Partners holds 7,500 shares or 0.06% of its portfolio. The Pennsylvania-based Sei Investments Com has invested 0.03% in Molina Healthcare, Inc. (NYSE:MOH).
Insider Transactions: Since April 11, 2016, the stock had 0 insider buys, and 9 selling transactions for $1.34 million net activity. $88,736 worth of Molina Healthcare, Inc. (NYSE:MOH) was sold by Carruthers Garrey on Tuesday, September 13. ORLANDO STEVEN J sold 2,500 shares worth $147,050. On Monday, August 1 ROMNEY RONNA sold $14,170 worth of the stock or 250 shares. BAYER TERRY sold $478,500 worth of stock. 6,676 shares with value of $390,399 were sold by WHITE JOSEPH W CPA on Thursday, August 4. Murray Frank E MD had sold 2,500 shares worth $145,925.
More notable recent Molina Healthcare, Inc. (NYSE:MOH) news were published by: Streetinsider.com which released: “Form 4 MOLINA HEALTHCARE INC For: Oct 01 Filed by: WOLF DALE B” on October 04, 2016, also Businesswire.com with their article: “Molina Healthcare Plans Receive Ratings from NCQA’s Medicaid Health Insurance …” published on September 29, 2016, Businesswire.com published: “Molina Healthcare to Acquire the Total Care Medicaid Plan in Upstate New York …” on April 19, 2016. More interesting news about Molina Healthcare, Inc. (NYSE:MOH) were released by: Businesswire.com and their article: “Molina Healthcare Completes Acquisition of the Total Care Medicaid Plan in …” published on August 01, 2016 as well as Finance.Yahoo.com‘s news article titled: “Molina Healthcare Names Britt Travis as Vice President of Medicare Sales” with publication date: September 16, 2016.
MOH Company Profile
Molina Healthcare, Inc., incorporated on July 24, 2002, offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Firm operates through three divisions: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business. It arranges healthcare services for its members through contracts with providers that include independent physicians and groups, hospitals, ancillary providers and its own clinics. The Company’s network of providers includes primary care physicians, specialists and hospitals.
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