Molina Healthcare, Inc. (NYSE:MOH) Short Interest Update

Molina Healthcare, Inc. (NYSE:MOH) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 1,400,000 shares, a growth of 34.6% from the January 31st total of 1,040,000 shares. Based on an average trading volume of 685,900 shares, the short-interest ratio is presently 2.0 days. Currently, 2.6% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

MOH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. UBS Group decreased their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Mizuho cut their price target on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a report on Monday. Truist Financial decreased their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $354.92.

Molina Healthcare Stock Performance

NYSE:MOH opened at $303.43 on Tuesday. The stock’s 50-day moving average is $293.43 and its 200-day moving average is $312.27. The stock has a market cap of $16.84 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. Molina Healthcare has a 1-year low of $262.32 and a 1-year high of $423.92. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data 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%. Equities research analysts anticipate that Molina Healthcare will post 24.4 earnings per share for the current year.

Institutional Investors Weigh In On Molina Healthcare

A number of institutional investors have recently modified their holdings of the company. Colonial Trust Co SC lifted its holdings in Molina Healthcare by 930.0% in the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock valued at $30,000 after buying an additional 93 shares during the period. True Wealth Design LLC lifted its stake in shares of Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc boosted its position in shares of Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after purchasing an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Molina Healthcare during the fourth quarter worth approximately $52,000. Finally, Capital Performance Advisors LLP bought a new stake in Molina Healthcare in the third quarter worth approximately $62,000. 98.50% of the stock is owned by institutional investors.

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.