Molina Healthcare (MOH) was Upgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Sell ” on the company shares. Goldman advised their investors in a research report released on Sep 19, 2016.
Many Wall Street Analysts have commented on Molina Healthcare. Molina Healthcare was Upgraded by Goldman to ” Neutral” on Sep 19, 2016.
On the company’s financial health, Molina Healthcare reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.53. The company had revenue of $4359.00 million for the quarter, compared to analysts expectations of $4356.07 million. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
Molina Healthcare opened for trading at $55.49 and hit $56.58 on the upside on Friday, eventually ending the session at $55.74, with a gain of 0.45% or 0.25 points. The heightened volatility saw the trading volume jump to 698,974 shares. Company has a market cap of $3,166 M.
In a different news, on Sep 14, 2016, Garrey Carruthers (director) sold 1,600 shares at $55.46 per share price. According to the SEC, on Sep 2, 2016, Ronna Romney (director) sold 250 shares at $55.00 per share price. On Aug 8, 2016, Frank E Md Murray (director) sold 2,500 shares at $58.37 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.