Molina Healthcare Inc (MOH) Insider Sells $4,532,880.00 in Stock
Molina Healthcare Inc (NYSE:MOH) insider William Dentino sold 66,000 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $68.68, for a total value of $4,532,880.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Molina Healthcare Inc (NYSE:MOH) traded down 1.34% on Friday, hitting $70.20. The company’s stock had a trading volume of 625,310 shares. Molina Healthcare Inc has a 1-year low of $42.56 and a 1-year high of $72.15. The company has a market capitalization of $4.00 billion, a P/E ratio of 37.72 and a beta of 0.91. The company has a 50 day moving average price of $68.04 and a 200-day moving average price of $56.55.
Several equities analysts have recently issued reports on MOH shares. Barclays PLC started coverage on Molina Healthcare in a research report on Tuesday, March 21st. They set an “equal weight” rating and a $51.00 price objective for the company. Jefferies Group LLC reiterated a “hold” rating and set a $52.00 price objective on shares of Molina Healthcare in a research report on Friday, March 24th. Deutsche Bank AG started coverage on Molina Healthcare in a research report on Wednesday, April 5th. They set a “hold” rating and a $52.00 price objective for the company. Zacks Investment Research upgraded Molina Healthcare from a “strong sell” rating to a “hold” rating in a research report on Monday, April 24th. Finally, Stifel Nicolaus boosted their price objective on Molina Healthcare from $45.00 to $47.00 and gave the stock a “hold” rating in a research report on Wednesday, May 3rd. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $60.37.
A number of institutional investors have recently made changes to their positions in MOH. Nationwide Fund Advisors boosted its position in shares of Molina Healthcare by 1.0% in the first quarter. Nationwide Fund Advisors now owns 194,810 shares of the company’s stock worth $8,883,000 after buying an additional 1,939 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Molina Healthcare by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the company’s stock worth $488,000 after buying an additional 200 shares during the last quarter. Alpha Windward LLC boosted its position in shares of Molina Healthcare by 11.2% in the first quarter. Alpha Windward LLC now owns 10,686 shares of the company’s stock worth $487,000 after buying an additional 1,080 shares during the last quarter. Verde Servicos Internacionais S.A. purchased a new position in shares of Molina Healthcare during the first quarter worth $1,741,000. Finally, Capstone Asset Management Co. boosted its position in shares of Molina Healthcare by 7.4% in the first quarter. Capstone Asset Management Co. now owns 7,556 shares of the company’s stock worth $345,000 after buying an additional 520 shares in the last quarter. 93.05% of the stock is currently owned by hedge funds and other institutional investors.
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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