Molina Healthcare, Inc. (NYSE:MOH) Director John C. Molina sold 19,433 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $77.22, for a total transaction of $1,500,616.26. Following the sale, the director now directly owns 414,915 shares in the company, valued at approximately $32,039,736.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
John C. Molina also recently made the following trade(s):
- On Monday, December 18th, John C. Molina sold 19,885 shares of Molina Healthcare stock. The stock was sold at an average price of $75.47, for a total transaction of $1,500,720.95.
Molina Healthcare, Inc. (NYSE MOH) opened at $85.82 on Friday. The company has a market cap of $4,900.00, a PE ratio of -16.28, a PEG ratio of 1.08 and a beta of 0.97. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29. Molina Healthcare, Inc. has a one year low of $42.56 and a one year high of $86.39.
Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Thursday, November 2nd. The company reported ($1.62) EPS for the quarter, missing the consensus estimate of $0.23 by ($1.85). Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.76%. The firm had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.95 billion. During the same period last year, the company posted $0.85 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. sell-side analysts predict that Molina Healthcare, Inc. will post -3.88 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Eagle Asset Management Inc. bought a new position in Molina Healthcare in the second quarter worth about $7,007,000. State Board of Administration of Florida Retirement System raised its stake in Molina Healthcare by 86.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 40,338 shares of the company’s stock worth $2,791,000 after buying an additional 18,700 shares in the last quarter. Pacer Advisors Inc. raised its stake in Molina Healthcare by 5.1% in the second quarter. Pacer Advisors Inc. now owns 12,358 shares of the company’s stock worth $855,000 after buying an additional 598 shares in the last quarter. Keybank National Association OH raised its stake in Molina Healthcare by 10.5% in the second quarter. Keybank National Association OH now owns 41,333 shares of the company’s stock worth $2,859,000 after buying an additional 3,929 shares in the last quarter. Finally, Chicago Equity Partners LLC bought a new position in Molina Healthcare in the second quarter worth about $4,887,000. 96.22% of the stock is owned by institutional investors.
Several research firms have recently weighed in on MOH. Leerink Swann upped their price target on shares of Molina Healthcare from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday. Goldman Sachs Group assumed coverage on shares of Molina Healthcare in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $83.00 target price for the company. Zacks Investment Research upgraded shares of Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $88.00 target price for the company in a research report on Tuesday, January 2nd. Raymond James Financial reiterated a “hold” rating on shares of Molina Healthcare in a research report on Friday, December 8th. Finally, ValuEngine lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $70.86.
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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.
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