Today’s Market Runner: A Reversal for Molina Healthcare, Inc. Is Not Near. The Stock Rises Again

Today's Market Runner: A Reversal for Molina Healthcare, Inc. Is Not Near. The Stock Rises Again

The stock of Molina Healthcare, Inc. (NYSE:MOH) is a huge mover today! About 199,736 shares traded hands. Molina Healthcare, Inc. (NYSE:MOH) has declined 12.55% since March 15, 2016 and is downtrending. It has underperformed by 18.04% the S&P500.
The move comes after 7 months positive chart setup for the $3.30B company. It was reported on Oct, 18 by Barchart.com. We have $75.49 PT which if reached, will make NYSE:MOH worth $990.00M more.

Analysts await Molina Healthcare, Inc. (NYSE:MOH) to report earnings on November, 3. They expect $0.81 EPS, up 5.19% or $0.04 from last year’s $0.77 per share. MOH’s profit will be $46.03M for 17.92 P/E if the $0.81 EPS becomes a reality. After $0.67 actual EPS 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. The rating was upgraded by Stifel Nicolaus to “Buy” on Friday, July 31. The company was upgraded on Monday, September 19 by Goldman Sachs. The stock of Molina Healthcare, Inc. (NYSE:MOH) earned “Hold” rating by Cantor Fitzgerald on Thursday, September 3. The stock of Molina Healthcare, Inc. (NYSE:MOH) has “Buy” rating given on Friday, April 29 by Stifel Nicolaus. Leerink Swann maintained Molina Healthcare, Inc. (NYSE:MOH) rating on Monday, May 2. Leerink Swann has “Outperform” rating and $75 price target. The firm has “Neutral” rating given on Wednesday, December 16 by Credit Suisse. Goldman Sachs downgraded the shares of MOH in a report on Wednesday, May 4 to “Sell” rating. On Monday, November 2 the stock rating was maintained by Barclays Capital with “Equal Weight”. The firm has “Neutral” rating given on Friday, April 29 by UBS. The company was downgraded on Friday, April 29 by Bank of America.

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 2016 Q2. Its down 0.12, from 1.22 in 2016Q1. The ratio is negative, 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.
Buckingham Management has invested 0.73% of its portfolio in Molina Healthcare, Inc. (NYSE:MOH). The Minnesota-based Ameriprise Fincl has invested 0.01% in Molina Healthcare, Inc. (NYSE:MOH). Oregon Employees Retirement Fund last reported 0.02% of its portfolio in the stock. Schroder Management Group Incorporated accumulated 0.04% or 448,915 shares. Moreover, Tudor Investment Et Al has 0.02% invested in Molina Healthcare, Inc. (NYSE:MOH) for 21,033 shares. First Personal Service holds 0.01% of its portfolio in Molina Healthcare, Inc. (NYSE:MOH) for 418 shares. Sei Investments last reported 0.03% of its portfolio in the stock. Goldman Sachs Grp accumulated 406,612 shares or 0.01% of the stock. Partner Fund Management L P last reported 0.47% of its portfolio in the stock. The New York-based Jpmorgan Chase & Com has invested 0.01% in Molina Healthcare, Inc. (NYSE:MOH). Advsrs Asset Mgmt last reported 0.02% of its portfolio in the stock. Acadian Asset Mgmt Lc holds 0.02% or 72,989 shares in its portfolio. Glenmede Tru Na holds 0.2% of its portfolio in Molina Healthcare, Inc. (NYSE:MOH) for 671,218 shares. Great West Life Assurance Can accumulated 0% or 4,139 shares. Credit Agricole S A has 11,112 shares for 0% of their US portfolio.

Insider Transactions: Since July 28, 2016, the stock had 0 insider buys, and 9 insider sales for $1.33 million net activity. ROMNEY RONNA sold $14,478 worth of stock. The insider ORLANDO STEVEN J sold 2,500 shares worth $147,050. Carruthers Garrey sold $88,736 worth of stock or 1,600 shares. 6,676 shares were sold by WHITE JOSEPH W CPA, worth $390,399. 8,250 shares were sold by BAYER TERRY, worth $478,500 on Tuesday, August 2. Another trade for 2,500 shares valued at $145,925 was made by Murray Frank E MD on Monday, August 8.

More notable recent Molina Healthcare, Inc. (NYSE:MOH) news were published by: Wsj.com which released: “Molina Outperforms Rivals in ACA Marketplaces” on October 06, 2016, also Zacks.com with their article: “Will Rising Medical Costs Limit Molina Healthcare’s Growth?” published on September 23, 2016, Nasdaq.com published: “Short Interest In Molina Healthcare Increases 13.3%” on October 13, 2016. More interesting news about Molina Healthcare, Inc. (NYSE:MOH) were released by: Finance.Yahoo.com and their article: “Molina Healthcare Announces Third Quarter 2016 Earnings Release and Conference …” published on September 28, 2016 as well as Equitiesfocus.com‘s news article titled: “Analyst Revised Target For Molina Healthcare Inc (NYSE:MOH) Stock At $61.80” with publication date: October 17, 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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