Molina Healthcare (NYSE:MOH) Sets New 52-Week Low – Should You Sell?

Molina Healthcare, Inc. (NYSE:MOH) hit a new 52-week low on Tuesday . The company traded as low as $272.40 and last traded at $272.66, with a volume of 925828 shares trading hands. The stock had previously closed at $286.42.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Stephens reiterated an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. Wells Fargo & Company raised their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Molina Healthcare has a consensus rating of “Hold” and a consensus target price of $355.67.

Molina Healthcare Stock Down 4.8 %

The company has a current ratio of 1.62, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $15.60 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.94 and a beta of 0.54. The stock has a fifty day moving average of $297.96 and a 200-day moving average of $318.27.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. As a group, sell-side analysts expect that Molina Healthcare, Inc. will post 24.5 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC lifted its position in shares of Molina Healthcare by 76.2% in the third quarter. CWM LLC now owns 4,001 shares of the company’s stock worth $1,379,000 after buying an additional 1,730 shares during the last quarter. UMB Bank n.a. increased its stake in Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after acquiring an additional 101 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Molina Healthcare by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the company’s stock valued at $172,000 after purchasing an additional 400 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Molina Healthcare by 85.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,129 shares of the company’s stock valued at $1,078,000 after purchasing an additional 1,438 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of Molina Healthcare by 406.6% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 21,996 shares of the company’s stock valued at $7,579,000 after purchasing an additional 17,654 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Company Profile

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.