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Molina Healthcare, Inc. (MOH), based in California, is a major U.S. managed care company that focuses on providing health insurance to individuals and families who receive care through government-sponsored programs. The company has a market cap of $7.7 billion and operates primarily in Medicaid, Medicare, and the Affordable Care Act (ACA) marketplaces, serving millions of members across multiple states.
Molina Healthcare has been on a brutal slide, dramatically falling out of step with the market. Over the past year, Molina shares have declined 52.2%, whereas the broader S&P 500 Index ($SPX) has gained 11%. The past six months have been even harsher as MOH tumbled 55.7% while the benchmark index climbed another 13%.