The stock of Molina Healthcare, Inc. (NYSE:MOH) is a huge mover today! About 176,923 shares traded hands. Molina Healthcare, Inc. (NYSE:MOH) has declined 22.61% since April 26, 2016 and is downtrending. It has underperformed by 27.87% the S&P500.
The move comes after 6 months positive chart setup for the $3.03 billion company. It was reported on Nov, 29 by Barchart.com. We have $57.32 PT which if reached, will make NYSE:MOH worth $212.10M more.
Analysts await Molina Healthcare, Inc. (NYSE:MOH) to report earnings on February, 13. They expect $0.75 EPS, up 15.38% or $0.10 from last year’s $0.65 per share. MOH’s profit will be $42.42M for 17.86 P/E if the $0.75 EPS becomes a reality. After $0.85 actual EPS reported by Molina Healthcare, Inc. for the previous quarter, Wall Street now forecasts -11.76% negative EPS growth.
Molina Healthcare, Inc. (NYSE:MOH) Ratings Coverage
Out of 11 analysts covering Molina Healthcare (NYSE:MOH), 4 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 36% are positive. Molina Healthcare has been the topic of 18 analyst reports since July 31, 2015 according to StockzIntelligence Inc. UBS downgraded the shares of MOH in a report on Friday, April 29 to “Neutral” rating. The stock has “Equal Weight” rating given by Barclays Capital on Monday, November 2. Susquehanna maintained it with “Positive” rating and $92 target price in Friday, September 18 report. The firm has “Neutral” rating by Credit Suisse given on Wednesday, December 16. The rating was maintained by Cantor Fitzgerald on Thursday, September 3 with “Hold”. The firm earned “Outperform” rating on Monday, May 2 by Leerink Swann. The company was downgraded on Friday, April 29 by Bank of America. Stifel Nicolaus upgraded the shares of MOH in a report on Friday, July 31 to “Buy” rating. The firm has “Underperform” rating given on Friday, November 11 by Credit Suisse. On Tuesday, September 13 the stock rating was maintained by Jefferies with “Buy”.
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 increased to 1.17 in 2016 Q2. Its up 0.07, from 1.1 in 2016Q1. The ratio is positive, 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.
Liberty Mutual Gru Asset Mgmt Incorporated, a Massachusetts-based fund reported 17,809 shares. Teachers Advsr Incorporated last reported 89,832 shares in the company. Credit Suisse Ag last reported 73,850 shares in the company. The Pennsylvania-based Mycio Wealth Partners Lc has invested 0.02% in Molina Healthcare, Inc. (NYSE:MOH). Teachers Retirement Sys Of The State Of Kentucky has 13,300 shares for 0.01% of their US portfolio. Numeric Invsts Limited Com holds 0.04% of its portfolio in Molina Healthcare, Inc. (NYSE:MOH) for 96,750 shares. Texas Permanent School Fund holds 31,584 shares or 0.02% of its portfolio. Legg Mason Asset Mgmt (Japan) last reported 0.69% of its portfolio in the stock. Rothschild Asset has 277,490 shares for 0.25% of their US portfolio. Bank Of New York Mellon owns 537,125 shares or 0.01% of their US portfolio. Sei Invs Commerce owns 103,402 shares or 0.03% of their US portfolio. Blackrock Gru has invested 0% of its portfolio in Molina Healthcare, Inc. (NYSE:MOH). Falcon Point Lc last reported 196,830 shares in the company. Cim Invest Mangement Incorporated accumulated 0.18% or 8,591 shares. Citadel Advsrs Limited Liability Company last reported 156,811 shares in the company.
Insider Transactions: Since July 28, 2016, the stock had 0 insider purchases, and 13 sales for $3.49 million net activity. The insider BAYER TERRY sold 8,250 shares worth $478,500. Shares for $14,170 were sold by ROMNEY RONNA. ORLANDO STEVEN J had sold 2,500 shares worth $147,050. Shares for $88,736 were sold by Carruthers Garrey. $172,890 worth of Molina Healthcare, Inc. (NYSE:MOH) was sold by WOLF DALE B. Shares for $145,925 were sold by Murray Frank E MD. $390,399 worth of Molina Healthcare, Inc. (NYSE:MOH) was sold by WHITE JOSEPH W CPA on Thursday, August 4.
More news for Molina Healthcare, Inc. (NYSE:MOH) were recently published by: Wsj.com, which released: “Molina Outperforms Rivals in ACA Marketplaces” on October 06, 2016. Prnewswire.com‘s article titled: “Molina Healthcare and Memorial Hermann Announce improved access to care for …” and published on July 26, 2016 is yet another important article.
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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