Molina Healthcare Inc (MOH) Insider William Dentino Sells 22,500 Shares of Stock

Molina Healthcare Inc (NYSE:MOH) insider William Dentino sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $63.96, for a total transaction of $1,439,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

William Dentino also recently made the following trade(s):

  • On Friday, September 8th, William Dentino sold 2,000 shares of Molina Healthcare stock. The shares were sold at an average price of $65.08, for a total transaction of $130,160.00.
  • On Thursday, September 7th, William Dentino sold 66,000 shares of Molina Healthcare stock. The shares were sold at an average price of $64.87, for a total transaction of $4,281,420.00.
  • On Monday, August 7th, William Dentino sold 66,000 shares of Molina Healthcare stock. The shares were sold at an average price of $60.09, for a total transaction of $3,965,940.00.

Molina Healthcare Inc (NYSE MOH) traded down 3.37% on Friday, hitting $61.28. 3,307,149 shares of the stock were exchanged. The company’s 50 day moving average price is $65.15 and its 200-day moving average price is $62.91. The company’s market cap is $3.50 billion. Molina Healthcare Inc has a one year low of $42.56 and a one year high of $72.79.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.87). Molina Healthcare had a negative net margin of 1.07% and a positive return on equity of 16.10%. The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.88 billion. During the same period in the prior year, the company posted $0.67 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. Equities research analysts predict that Molina Healthcare Inc will post ($2.70) EPS for the current fiscal year.

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A number of equities research analysts recently issued reports on MOH shares. ValuEngine downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research cut shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Credit Suisse Group reaffirmed an “underperform” rating and set a $53.00 price target (up from $50.00) on shares of Molina Healthcare in a research report on Friday, July 14th. Bank of America Corporation lifted their price target on shares of Molina Healthcare from $59.00 to $60.00 and gave the company an “underperform” rating in a research report on Friday, July 14th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $72.00 price target on shares of Molina Healthcare in a research report on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.68.

Hedge funds have recently modified their holdings of the stock. LS Investment Advisors LLC lifted its position in Molina Healthcare by 40.9% in the second quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock worth $127,000 after purchasing an additional 531 shares during the period. Meeder Asset Management Inc. bought a new position in Molina Healthcare in the second quarter worth $136,000. Riverhead Capital Management LLC lifted its position in Molina Healthcare by 64.2% in the second quarter. Riverhead Capital Management LLC now owns 2,463 shares of the company’s stock worth $170,000 after purchasing an additional 963 shares during the period. Bronfman E.L. Rothschild L.P. lifted its position in Molina Healthcare by 478.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,316 shares of the company’s stock worth $229,000 after purchasing an additional 2,743 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in Molina Healthcare in the second quarter worth $241,000. 96.04% of the stock is 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.

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

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