Cowen & Co. Initiates Coverage On Molina Healthcare(MOH). In a research note issued to the investors, the brokerage major Announces the price-target to $48 per share. The shares have been rated Market Perform. The rating by the stock financial advisor at Cowen & Co. was issued on Mar 15, 2017 in a research report to their Investors and Clients.
In a different note, On Feb 16, 2017, Stifel Nicolaus said it Downgrades its rating on Molina Healthcare. The shares have been rated ‘Hold’ by the firm.
Molina Healthcare (MOH) made into the market gainers list on Fridays trading session with the shares advancing 1.55% or 0.7 points. Due to strong positive momentum, the stock ended at $45.86, which is also near the day’s high of $46. The stock began the session at $45.11 and the volume stood at 13,62,084 shares. The 52-week high of the shares is $67.87 and the 52 week low is $43.91. The company has a current market capitalization of $2,615 M and it has 5,70,28,614 shares in outstanding.
Molina Healthcare(MOH) last announced its earnings results on Feb 15, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $4.463B. Analysts had an estimated revenue of $4.550B. Earnings per share were $0.63. Analysts had estimated an EPS of $0.76.
Several Insider Transactions has been reported to the SEC. On Mar 10, 2017, Ronna Romney (director) sold 1,943 shares at $48.81 per share price.Also, On Mar 8, 2017, Garrey Carruthers (director) sold 3,100 shares at $49.22 per share price.On Mar 8, 2017, John C Molina (CFO) sold 20,341 shares at $49.19 per share price, according to the Form-4 filing with the securities and exchange commission.
Molina Healthcare Inc. provides health care to those receiving Government assistance. The Company offers Medicaid-related solutions for low-income families and individuals and assists state agencies in their administration of the Medicaid program. The Company operates through two segments: Health Plans segment and Molina Medicaid Solutions segment. The Companys Health Plans segment consists of health plans in around 11 states and includes its direct delivery business. The Companys direct delivery business consists primarily of the management of a hospital in southern California and the operation of primary care clinics in several states in which the Company operates. The Companys Molina Medicaid Solutions segment provides business processing and information technology development and administrative services to Medicaid agencies in Idaho Louisiana Maine New Jersey West Virginia and the United States Virgin Islands and drug rebate administration services in Florida.