Molina Healthcare Inc (MOH) Director Sells $19,420.00 in Stock

Molina Healthcare Inc (NYSE:MOH) Director Ronna Romney sold 250 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $77.68, for a total value of $19,420.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, September 25th, Ronna Romney sold 250 shares of Molina Healthcare stock. The stock was sold at an average price of $65.04, for a total value of $16,260.00.
  • On Friday, September 1st, Ronna Romney sold 250 shares of Molina Healthcare stock. The stock was sold at an average price of $63.83, for a total value of $15,957.50.

Molina Healthcare Inc (NYSE:MOH) traded down $0.50 during midday trading on Friday, reaching $75.70. 1,167,800 shares of the company’s stock traded hands, compared to its average volume of 1,268,275. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. Molina Healthcare Inc has a fifty-two week low of $42.56 and a fifty-two week high of $80.65. The stock has a market capitalization of $4,351.71, a price-to-earnings ratio of 23.67 and a beta of 0.91.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Thursday, November 2nd. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($1.85). Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The firm had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.95 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. Molina Healthcare’s revenue for the quarter was up 10.7% compared to the same quarter last year. analysts forecast that Molina Healthcare Inc will post -3.88 EPS for the current year.

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MOH has been the topic of a number of research analyst reports. Jefferies Group LLC upped their target price on Molina Healthcare from $64.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Zacks Investment Research cut Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Deutsche Bank AG reissued a “hold” rating and issued a $72.00 price target on shares of Molina Healthcare in a research report on Wednesday, August 9th. Wolfe Research raised Molina Healthcare from a “market perform” rating to an “outperform” rating in a research report on Monday, October 23rd. Finally, Morgan Stanley upped their price objective on Molina Healthcare from $68.00 to $89.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. Molina Healthcare presently has a consensus rating of “Hold” and an average target price of $64.30.

Several large investors have recently bought and sold shares of the company. Sterling Capital Management LLC lifted its stake in shares of Molina Healthcare by 16.4% during the third quarter. Sterling Capital Management LLC now owns 24,946 shares of the company’s stock worth $1,715,000 after buying an additional 3,516 shares during the period. Neuberger Berman Group LLC increased its stake in shares of Molina Healthcare by 23.0% during the third quarter. Neuberger Berman Group LLC now owns 533,021 shares of the company’s stock worth $36,651,000 after purchasing an additional 99,543 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Molina Healthcare by 12.7% during the third quarter. California Public Employees Retirement System now owns 79,204 shares of the company’s stock worth $5,446,000 after purchasing an additional 8,904 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of Molina Healthcare during the third quarter worth about $118,000. Finally, Jane Street Group LLC increased its stake in shares of Molina Healthcare by 174.6% during the third quarter. Jane Street Group LLC now owns 14,400 shares of the company’s stock worth $990,000 after purchasing an additional 9,156 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

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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