Molina Healthcare, Inc. (NYSE:MOH) Director Steven J. Orlando sold 1,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $72.77, for a total transaction of $109,155.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Molina Healthcare, Inc. (NYSE:MOH) traded up $0.09 during trading hours on Wednesday, hitting $76.23. 1,026,966 shares of the stock were exchanged, compared to its average volume of 1,297,319. The stock has a market capitalization of $4,527.90, a price-to-earnings ratio of -8.44, a PEG ratio of 1.34 and a beta of 1.28. Molina Healthcare, Inc. has a fifty-two week low of $42.56 and a fifty-two week high of $93.98. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.13.
Molina Healthcare (NYSE:MOH) last issued its earnings results on Monday, February 12th. The company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.11. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $4.96 billion. Molina Healthcare had a negative net margin of 2.58% and a positive return on equity of 17.64%. sell-side analysts expect that Molina Healthcare, Inc. will post 3.68 EPS for the current fiscal year.
Several analysts have issued reports on MOH shares. Zacks Investment Research raised shares of Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $88.00 price objective for the company in a research note on Tuesday, January 2nd. Goldman Sachs Group started coverage on shares of Molina Healthcare in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $83.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of Molina Healthcare from $103.00 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, February 15th. Raymond James Financial reissued a “hold” rating on shares of Molina Healthcare in a research note on Friday, December 8th. Finally, Jefferies Group reissued a “hold” rating and issued a $80.00 price objective on shares of Molina Healthcare in a research note on Wednesday, February 14th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. Molina Healthcare has a consensus rating of “Hold” and a consensus target price of $73.73.
A number of hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its holdings in Molina Healthcare by 53.5% during the fourth quarter. Renaissance Technologies LLC now owns 2,156,150 shares of the company’s stock valued at $165,334,000 after buying an additional 751,800 shares during the period. Jana Partners LLC increased its holdings in Molina Healthcare by 52.5% during the third quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock valued at $146,139,000 after buying an additional 731,992 shares during the period. Iridian Asset Management LLC CT purchased a new position in Molina Healthcare during the fourth quarter valued at approximately $128,179,000. Victory Capital Management Inc. increased its holdings in Molina Healthcare by 36.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,590,409 shares of the company’s stock valued at $121,953,000 after buying an additional 420,756 shares during the period. Finally, Tiedemann Wealth Management LLC increased its holdings in Molina Healthcare by 7.8% during the third quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock valued at $135,000 after buying an additional 103,775 shares during the period. 96.22% of the stock is currently owned by institutional investors.
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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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