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

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company raised their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. Barclays lowered their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $355.67.

Molina Healthcare Stock Performance

The company has a 50-day moving average of $297.96 and a 200 day moving average of $318.27. The company has a quick ratio of 1.55, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $15.60 billion, a PE ratio of 13.35, a PEG ratio of 0.94 and a beta of 0.54.

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

Institutional Investors Weigh In On Molina Healthcare

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Angeles Investment Advisors LLC lifted its stake in shares of Molina Healthcare by 5.4% in the 4th quarter. Angeles Investment Advisors LLC now owns 838 shares of the company’s stock valued at $244,000 after acquiring an additional 43 shares during the last quarter. LPL Financial LLC raised its position in Molina Healthcare by 4.0% during the 4th quarter. LPL Financial LLC now owns 17,960 shares of the company’s stock valued at $5,227,000 after purchasing an additional 686 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Molina Healthcare during the 4th quarter valued at approximately $5,850,000. AXQ Capital LP bought a new position in Molina Healthcare during the 4th quarter valued at approximately $296,000. Finally, Sei Investments Co. raised its position in Molina Healthcare by 157.0% during the 4th quarter. Sei Investments Co. now owns 33,051 shares of the company’s stock valued at $9,619,000 after purchasing an additional 20,193 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

About Molina Healthcare

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.