Molina Healthcare Inc (NYSE:MOH) Director Garrey Carruthers sold 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $75.66, for a total value of $98,358.00. Following the sale, the director now directly owns 7,016 shares of the company’s stock, valued at approximately $530,830.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Molina Healthcare Inc (MOH) traded down $0.91 during mid-day trading on Friday, hitting $74.79. The stock had a trading volume of 1,195,550 shares, compared to its average volume of 1,267,959. Molina Healthcare Inc has a 52 week low of $42.56 and a 52 week high of $80.65. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $4,340.00, a price-to-earnings ratio of 24.24 and a beta of 0.91.
Molina Healthcare (NYSE:MOH) last posted its earnings results on Thursday, November 2nd. The company reported ($1.62) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($1.85). Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.76%. The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.95 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. research analysts expect that Molina Healthcare Inc will post -3.88 EPS for the current year.
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Hedge funds have recently bought and sold shares of the company. Zions Bancorporation bought a new position in shares of Molina Healthcare in the third quarter valued at approximately $118,000. LS Investment Advisors LLC lifted its holdings in shares of Molina Healthcare by 40.9% in the second quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock valued at $127,000 after purchasing an additional 531 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Molina Healthcare in the second quarter valued at approximately $136,000. Riverhead Capital Management LLC lifted its holdings in shares of Molina Healthcare by 64.2% in the second quarter. Riverhead Capital Management LLC now owns 2,463 shares of the company’s stock valued at $170,000 after purchasing an additional 963 shares in the last quarter. Finally, Sabal Trust CO bought a new position in shares of Molina Healthcare in the third quarter valued at approximately $206,000. Institutional investors own 95.04% of the company’s stock.
Several research firms recently commented on MOH. ValuEngine raised Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research raised Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Morgan Stanley raised their target price on Molina Healthcare from $68.00 to $89.00 and gave the stock an “overweight” rating in a research note on Friday, November 3rd. Jefferies Group LLC raised their target price on Molina Healthcare from $64.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Finally, Wolfe Research raised Molina Healthcare from a “market perform” rating to an “outperform” rating in a research note on Monday, October 23rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Molina Healthcare currently has an average rating of “Hold” and an average target price of $64.30.
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.
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