Molina Healthcare Inc (NYSE:MOH) Director Garrey Carruthers sold 1,300 shares of Molina Healthcare stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $75.66, for a total value of $98,358.00. Following the sale, the director now directly owns 7,016 shares of the company’s stock, valued at approximately $530,830.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Molina Healthcare Inc (NYSE MOH) traded down $0.91 during midday trading on Friday, reaching $74.79. The company had a trading volume of 1,195,550 shares, compared to its average volume of 1,267,959. The firm has a market cap of $4,340.00, a PE ratio of 24.24 and a beta of 0.91. Molina Healthcare Inc has a 12 month low of $42.56 and a 12 month high of $80.65. 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 (NYSE:MOH) last released its quarterly earnings results on Thursday, November 2nd. The company reported ($1.62) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($1.85). The business had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.95 billion. Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. equities analysts anticipate that Molina Healthcare Inc will post -3.88 EPS for the current fiscal year.
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A number of analysts have commented on the company. BidaskClub cut Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Jefferies Group LLC lifted their price target on Molina Healthcare from $60.00 to $64.00 and gave the stock a “hold” rating in a research report on Friday, October 13th. Wolfe Research raised Molina Healthcare from a “market perform” rating to an “outperform” rating in a research report on Monday, October 23rd. Morgan Stanley lifted their price target on Molina Healthcare from $68.00 to $89.00 and gave the stock an “overweight” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $64.30.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Molina Healthcare by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,240 shares of the company’s stock worth $432,000 after purchasing an additional 23 shares during the period. Nisa Investment Advisors LLC raised its holdings in Molina Healthcare by 2.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,660 shares of the company’s stock worth $392,000 after purchasing an additional 150 shares during the period. Retirement Systems of Alabama raised its holdings in Molina Healthcare by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 55,116 shares of the company’s stock worth $3,813,000 after purchasing an additional 167 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in Molina Healthcare by 1.7% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 14,440 shares of the company’s stock worth $659,000 after purchasing an additional 240 shares during the period. Finally, Amalgamated Bank raised its holdings in Molina Healthcare by 4.3% in the 2nd quarter. Amalgamated Bank now owns 6,237 shares of the company’s stock worth $431,000 after purchasing an additional 258 shares during the period. 95.04% of the stock is owned by institutional investors.
About Molina Healthcare
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.
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