Molina Healthcare Inc (MOH) Director Sells $15,957.50 in Stock

Molina Healthcare Inc (NYSE:MOH) Director Ronna Romney sold 250 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $63.83, for a total value of $15,957.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ronna Romney also recently made the following trade(s):

  • On Thursday, August 10th, Ronna Romney sold 250 shares of Molina Healthcare stock. The stock was sold at an average price of $58.00, for a total value of $14,500.00.
  • On Friday, June 23rd, Ronna Romney sold 250 shares of Molina Healthcare stock. The stock was sold at an average price of $71.45, for a total value of $17,862.50.

Shares of Molina Healthcare Inc (NYSE MOH) opened at 66.62 on Friday. Molina Healthcare Inc has a 1-year low of $42.56 and a 1-year high of $72.79. The firm’s market capitalization is $3.81 billion. The firm has a 50-day moving average price of $62.47 and a 200-day moving average price of $60.18.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.87). Molina Healthcare had a positive return on equity of 16.10% and a negative net margin of 1.07%. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.88 billion. During the same period last year, the company posted $0.67 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts forecast that Molina Healthcare Inc will post ($2.96) EPS for the current fiscal year.

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Several research analysts have recently commented on MOH shares. Deutsche Bank AG restated a “hold” rating and set a $72.00 price target on shares of Molina Healthcare in a research report on Wednesday, August 9th. Bank of America Corporation raised their price target on Molina Healthcare from $59.00 to $60.00 and gave the stock an “underperform” rating in a research report on Friday, July 14th. Morgan Stanley upgraded Molina Healthcare from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $65.00 to $68.00 in a research report on Thursday, August 17th. Zacks Investment Research lowered Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, ValuEngine lowered Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $62.39.

A number of large investors have recently bought and sold shares of the business. Koch Industries Inc. purchased a new position in Molina Healthcare in the 2nd quarter valued at about $323,000. Sterling Capital Management LLC boosted its position in Molina Healthcare by 7.8% in the 2nd quarter. Sterling Capital Management LLC now owns 21,430 shares of the company’s stock valued at $1,483,000 after buying an additional 1,546 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Molina Healthcare by 2.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,659 shares of the company’s stock valued at $1,152,000 after buying an additional 364 shares during the last quarter. Bank of Nova Scotia boosted its position in Molina Healthcare by 58.1% in the 2nd quarter. Bank of Nova Scotia now owns 248,764 shares of the company’s stock valued at $17,209,000 after buying an additional 91,464 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Molina Healthcare by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,490 shares of the company’s stock valued at $6,607,000 after buying an additional 1,652 shares during the last quarter. 96.04% of the stock is owned by institutional investors.

Molina Healthcare Company Profile

Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.

Insider Buying and Selling by Quarter for Molina Healthcare (NYSE:MOH)

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