Molina Healthcare Inc (NYSE:MOH) COO Terry Bayer sold 415 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $69.24, for a total value of $28,734.60. Following the sale, the chief operating officer now directly owns 80,672 shares of the company’s stock, valued at approximately $5,585,729.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Terry Bayer also recently made the following trade(s):

  • On Wednesday, June 14th, Terry Bayer sold 15,088 shares of Molina Healthcare stock. The shares were sold at an average price of $70.00, for a total value of $1,056,160.00.
  • On Tuesday, June 13th, Terry Bayer sold 283 shares of Molina Healthcare stock. The stock was sold at an average price of $67.47, for a total value of $19,094.01.
  • On Thursday, May 11th, Terry Bayer sold 34,721 shares of Molina Healthcare stock. The stock was sold at an average price of $67.09, for a total value of $2,329,431.89.

Shares of Molina Healthcare Inc (NYSE MOH) traded down 1.34% during mid-day trading on Friday, hitting $70.20. The company had a trading volume of 625,310 shares. The company has a market capitalization of $4.00 billion, a PE ratio of 37.74 and a beta of 0.91. The company’s 50-day moving average is $68.04 and its 200 day moving average is $56.55. Molina Healthcare Inc has a one year low of $42.56 and a one year high of $72.15.

WARNING: This piece of content was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/07/16/molina-healthcare-inc-nysemoh-coo-terry-bayer-sells-415-shares-updated-updated.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. increased its position in shares of Molina Healthcare by 1,821.5% in the first quarter. Point72 Asset Management L.P. now owns 599,500 shares of the company’s stock worth $27,337,000 after buying an additional 568,300 shares in the last quarter. Norges Bank purchased a new position in Molina Healthcare during the fourth quarter worth $29,447,000. Redmile Group LLC increased its position in Molina Healthcare by 42.7% in the first quarter. Redmile Group LLC now owns 1,149,727 shares of the company’s stock worth $52,428,000 after buying an additional 344,181 shares during the period. Dimensional Fund Advisors LP increased its position in Molina Healthcare by 12.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,488,977 shares of the company’s stock worth $113,498,000 after buying an additional 282,144 shares during the period. Finally, Victory Capital Management Inc. increased its position in Molina Healthcare by 20.0% in the first quarter. Victory Capital Management Inc. now owns 1,583,018 shares of the company’s stock worth $72,186,000 after buying an additional 263,892 shares during the period. Institutional investors own 93.05% of the company’s stock.

MOH has been the subject of several recent analyst reports. TheStreet upgraded Molina Healthcare from a “c” rating to a “b” rating in a research note on Tuesday, May 2nd. ValuEngine raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Molina Healthcare from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Thursday, May 4th. Barclays PLC initiated coverage on Molina Healthcare in a report on Tuesday, March 21st. They set an “equal weight” rating and a $51.00 target price on the stock. Finally, Stifel Nicolaus boosted their price target on Molina Healthcare from $45.00 to $47.00 and gave the company a “hold” rating in a research note on Wednesday, May 3rd. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $60.37.

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.

Insider Buying and Selling by Quarter for Molina Healthcare (NYSE:MOH)

Receive News & Stock Ratings for Molina Healthcare Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare Inc and related stocks with our FREE daily email newsletter.