Insider Selling: Molina Healthcare Inc. (MOH) Director Sells $172,890.00 in Stock
Molina Healthcare Inc. (NYSE:MOH) Director Dale B. Wolf sold 3,000 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $57.63, for a total value of $172,890.00. Following the transaction, the director now owns 16,071 shares of the company’s stock, valued at $926,171.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Molina Healthcare Inc. (NYSE:MOH) opened at 50.38 on Friday. The stock’s 50 day moving average price is $56.71 and its 200-day moving average price is $53.74. The stock has a market capitalization of $2.86 billion, a PE ratio of 22.04 and a beta of 1.19. Molina Healthcare Inc. has a 52-week low of $44.50 and a 52-week high of $67.87.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. Molina Healthcare had a return on equity of 9.38% and a net margin of 0.76%. The company earned $4.50 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period last year, the business posted $0.89 earnings per share. The firm’s revenue was up 24.6% compared to the same quarter last year. On average, equities analysts expect that Molina Healthcare Inc. will post $2.78 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Capital World Investors boosted its stake in Molina Healthcare by 25.1% in the second quarter. Capital World Investors now owns 5,431,000 shares of the company’s stock worth $271,007,000 after buying an additional 1,090,370 shares during the period. Redmile Group LLC boosted its stake in Molina Healthcare by 156.9% in the second quarter. Redmile Group LLC now owns 845,360 shares of the company’s stock worth $42,183,000 after buying an additional 516,347 shares during the period. Deerfield Management Co. acquired a new stake in Molina Healthcare during the second quarter worth approximately $21,756,000. Victory Capital Management Inc. boosted its stake in Molina Healthcare by 120.9% in the second quarter. Victory Capital Management Inc. now owns 728,913 shares of the company’s stock worth $36,373,000 after buying an additional 398,897 shares during the period. Finally, Cambiar Investors LLC acquired a new stake in Molina Healthcare during the third quarter worth approximately $22,306,000. Institutional investors own 88.10% of the company’s stock.
Several equities research analysts recently commented on MOH shares. Jefferies Group lifted their price objective on Molina Healthcare from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, September 13th. Zacks Investment Research upgraded Molina Healthcare from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Tuesday, September 27th. Cantor Fitzgerald reiterated a “hold” rating and issued a $55.00 price objective on shares of Molina Healthcare in a report on Friday, July 29th. Goldman Sachs Group Inc. upgraded Molina Healthcare from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $51.00 to $58.00 in a report on Monday, September 19th. Finally, Leerink Swann reiterated a “buy” rating on shares of Molina Healthcare in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $62.80.
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. Its Health Plans segment consists of health plans in approximately 10 states and the Commonwealth of Puerto Rico, and its direct delivery business.
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