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.
WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally copied and republished in violation of U.S. & international copyright and trademark law. The original version of this news story can be read at https://ledgergazette.com/2017/11/17/molina-healthcare-inc-moh-director-sells-19420-00-in-stock.html.
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.
Receive News & Ratings for Molina Healthcare Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare Inc and related companies with MarketBeat.com's FREE daily email newsletter.