Molina Healthcare Inc (MOH) Insider Sells $4,150,575.00 in Stock

Molina Healthcare Inc (NYSE:MOH) insider William Dentino sold 67,500 shares of Molina Healthcare stock in a transaction on Monday, October 16th. The stock was sold at an average price of $61.49, for a total transaction of $4,150,575.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Wednesday, October 11th, William Dentino sold 22,500 shares of Molina Healthcare stock. The stock was sold at an average price of $63.96, for a total transaction of $1,439,100.00.
  • On Friday, September 8th, William Dentino sold 2,000 shares of Molina Healthcare stock. The stock was 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 stock was 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.

Shares of Molina Healthcare Inc (NYSE:MOH) opened at 65.53 on Friday. The company’s market cap is $3.74 billion. The stock’s 50 day moving average is $65.18 and its 200-day moving average is $64.06. 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 results on Wednesday, August 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.87). Molina Healthcare had a positive return on equity of 16.10% and a negative net margin of 1.07%. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.88 billion. During the same period in the previous year, the company posted $0.67 EPS. Molina Healthcare’s quarterly revenue was up 14.7% compared to the same quarter last year. Equities research analysts expect that Molina Healthcare Inc will post ($2.19) earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of MOH. Karp Capital Management Corp bought a new stake in Molina Healthcare during the first quarter valued at about $699,000. OppenheimerFunds Inc. boosted its position in Molina Healthcare by 50.7% during the first quarter. OppenheimerFunds Inc. now owns 98,769 shares of the company’s stock valued at $4,504,000 after purchasing an additional 33,229 shares in the last quarter. Principal Financial Group Inc. boosted its position in Molina Healthcare by 2.4% during the first quarter. Principal Financial Group Inc. now owns 177,938 shares of the company’s stock valued at $8,114,000 after purchasing an additional 4,165 shares in the last quarter. Advantus Capital Management Inc boosted its position in Molina Healthcare by 2.9% during the first quarter. Advantus Capital Management Inc now owns 5,449 shares of the company’s stock valued at $248,000 after purchasing an additional 153 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in Molina Healthcare by 7.6% during the first quarter. Teachers Advisors LLC now owns 133,927 shares of the company’s stock valued at $6,107,000 after purchasing an additional 9,438 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Several analysts recently weighed in on the stock. Wolfe Research upgraded shares of Molina Healthcare from a “market perform” rating to an “outperform” rating in a report on Monday. BMO Capital Markets assumed coverage on shares of Molina Healthcare in a report on Monday, October 16th. They issued a “market perform” rating and a $70.00 price target on the stock. Jefferies Group LLC lifted their price target on shares of Molina Healthcare from $60.00 to $64.00 and gave the company a “hold” rating in a report on Friday, October 13th. Zacks Investment Research cut shares of Molina Healthcare from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, Mitsubishi UFJ Financial Group assumed coverage on shares of Molina Healthcare in a report on Thursday, September 21st. They issued a “neutral” rating and a $70.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $62.23.

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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