Molina Healthcare (NYSE:MOH) Stock Price Breaks Above 50-Day Moving Average – Should You Sell?

Molina Healthcare, Inc (NYSE:MOH)’s share price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $200.62 and traded as high as $206.44. Molina Healthcare shares last traded at $204.88, with a volume of 1,752,804 shares changing hands.

Wall Street Analyst Weigh In

MOH has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 28th. Robert W. Baird set a $198.00 price target on shares of Molina Healthcare in a research report on Friday, October 23rd. Zacks Research downgraded shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Barclays dropped their price objective on shares of Molina Healthcare from $180.00 to $178.00 and set an “underweight” rating for the company in a research report on Friday, October 23rd. Finally, Weiss Ratings raised shares of Molina Healthcare from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, October 21st. Three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $213.88.

Molina Healthcare Price Performance

The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.69 and a current ratio of 1.69. The business’s fifty day simple moving average is $200.62 and its 200 day simple moving average is $184.81. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of -213.41, a price-to-earnings-growth ratio of 11.74 and a beta of 0.78.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, October 21st. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a negative net margin of 0.11% and a positive return on equity of 2.50%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.84 earnings per share. Research analysts predict that Molina Healthcare, Inc will post 5.30 EPS for the current fiscal year.

Institutional Investors Weigh In On Molina Healthcare

Institutional investors have recently modified their holdings of the stock. Fortitude Family Office LLC grew its stake in Molina Healthcare by 63.7% in the third quarter. Fortitude Family Office LLC now owns 131 shares of the company’s stock worth $25,000 after purchasing an additional 51 shares in the last quarter. Physician Wealth Advisors Inc. raised its stake in Molina Healthcare by 1,250.0% during the first quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in Molina Healthcare by 118.2% during the second quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock valued at $33,000 after buying an additional 78 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Molina Healthcare during the second quarter valued at approximately $39,000. Finally, Versant Capital Management Inc lifted its holdings in Molina Healthcare by 341.6% during the 2nd quarter. Versant Capital Management Inc now owns 340 shares of the company’s stock worth $78,000 after buying an additional 263 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

About Molina Healthcare

Molina Healthcare, Inc is a managed-care company that provides health insurance and related services primarily through government-sponsored programs. Its offerings include Medicaid, Medicare, Medicare-Medicaid dual-eligible plans and health plans sold through government marketplaces under the Affordable Care Act.

The company’s services generally include medical care coordination, behavioral health support, pharmacy benefits and, depending on the plan and state, dental and vision benefits.