Economy

Analysts Issue Molina Healthcare Price Target at $62.25

Tiedemann Wealth Management Llc, which manages about $5.35 billion and $1.38 billion US Long portfolio, upped its stake in Spdr S & P 500 Etf (SPY) by 14,440 shares to 34,294 shares, valued at $8.26 million in 2017Q2, according to the filing. The stock decreased 9.60% or $10.78 on September 29, reaching $101.49. About 5.51M shares traded or 33.41% up from the average.

Molina Healthcare, Inc., launched 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. Director John C. Molina sold 22,400 shares at an average price of $67.01 on Thursday the 28th. Analysts, on average, seem bearish as they suggest MOH is worth $-1.94 less, giving a target price of $64.6 a share. The firm's market capitalization is $3.80 billion. The stock was unloaded at a price range of of $68.68, amounting to $4,532,880.00. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,240 shares of the company's stock valued at $432,000 after purchasing an additional 23 shares during the period. Molina Healthcare, Inc. (NYSE:MOH) has risen 48.61% since September 30, 2016 and is uptrending. It has outperformed by 31.91% the S&P500. Lastly, BidaskClub downgraded Molina Healthcare from a "buy" recommendation to a "hold" recommendation in a study on Fri, Aug 4th. Therefore 67% are positive. Stifel Nicolaus upgraded the shares of MOH in report on Friday, July 31 to "Buy" rating. The rating was initiated by Morgan Stanley on Wednesday, June 7 with "Underweight". Leerink Swann maintained Molina Healthcare, Inc. (NYSE:MOH) on Thursday, December 15 to "Hold" rating. (NYSE:MOH) on Thursday, February 16 to "Hold" rating. Equities analysts anticipate that Molina Healthcare Inc will post ($2.70) earnings per share for the current fiscal year. (NYSE:MOH) to report earnings on October, 26. The company reported ($0.01) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.86 by ($0.87). Next quarter's EPS is expected be $0.04 with next year's EPS projected to be $2.93. (NYSE:MOH) is 26.72%, -0.61% over the last quarter, and 50.79% for the past six months.

Since an alpha above 1 hints at more gains, investors can predict some further rally scope. Its up 0.06, from 1.02 in 2017Q1. It improved, as 84 investors sold DVN shares while 210 reduced holdings. 0 funds opened positions while 4 raised stakes. Ameritas Investment Partners upgraded its holdings in Molina Healthcare by 2.2% in the 2nd period. (NYSE:MOH) for 218,828 shares. Geode Mgmt Ltd Liability Corp invested 0% of its portfolio in Famous Dave's of America, Inc. Goldman Sachs Grp Inc stated it has 521,625 shares. Retirement Of Alabama invested 0.02% of its portfolio in Molina Healthcare, Inc. (NYSE:MOH). California State Teachers Retirement Systems holds 0.01% of its portfolio in Molina Healthcare, Inc. Renaissance Technologies Limited Liability Co holds 0% or 273,400 shares.

04/12/2016 - Molina Healthcare Inc had its "outperform" rating reiterated by analysts at Wedbush. Green Square Limited Liability stated it has 0.17% in Intercontinental Exchange Inc (NYSE:ICE). Snow Capital LP has invested 0.25% in Molina Healthcare, Inc. Financial Counselors Inc reported 41,491 shares stake. Laurion Cap Mngmt Limited Partnership, New York-based fund reported 111,700 shares.

Since May 2, 2017, it had 0 insider buys, and 11 sales for $7.18 million activity. On Friday, May 12 Carruthers Garrey sold $191,370 worth of Molina Healthcare, Inc. This is not a recommendation to buy or sell Molina Healthcare, Inc. (NYSE:MOH). 7,850 were accumulated by Proshare Advsr. Shares for $495,811 were sold by COOPERMAN DANIEL. Also, Director J Mario Md Molina unloaded 15,000 stocks of the firms shares in a trade dated Mon, Jul 3rd. John C. Molina, Director sold $16,260 worth of shares at an average price of $67.01 on September 28th. Koch Industries bought a fresh stake in Molina Healthcare in the 2nd period worth at about $323,000. Celgene Corp Com Stk (NASDAQ:CELG) was raised too. Therefore 83% are positive. Devon Energy Corporation had 88 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has "Buy" rating by TH Capital on Monday, November 30. Deutsche Bank AG reaffirmed a "hold" rating and issued a $72.00 price objective on shares of Molina Healthcare in a research report on Wednesday, August 9th. Cantor Fitzgerald maintained the shares of GWPH in report on Tuesday, August 8 with "Buy" rating. (NYSE:MOH) on Friday, April 29 to "Underperform" rating. Jefferies has "Hold" rating and $6100 target. The firm earned "Buy" rating on Monday, September 25 by Cowen & Co.

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