Molina Healthcare, Inc. (NYSE:MOH) Insider Sells $3,389,400.00 in Stock

Molina Healthcare, Inc. (NYSE:MOH) insider William Dentino sold 45,000 shares of Molina Healthcare stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $75.32, for a total value of $3,389,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, December 11th, William Dentino sold 22,500 shares of Molina Healthcare stock. The shares were sold at an average price of $74.13, for a total value of $1,667,925.00.
  • On Wednesday, December 13th, William Dentino sold 67,500 shares of Molina Healthcare stock. The shares were sold at an average price of $74.24, for a total value of $5,011,200.00.
  • On Friday, November 17th, William Dentino sold 45,000 shares of Molina Healthcare stock. The shares were sold at an average price of $75.35, for a total value of $3,390,750.00.
  • On Wednesday, November 15th, William Dentino sold 67,500 shares of Molina Healthcare stock. The shares were sold at an average price of $77.15, for a total value of $5,207,625.00.
  • On Monday, October 16th, William Dentino sold 67,500 shares of Molina Healthcare stock. The shares were sold at an average price of $61.49, for a total value of $4,150,575.00.
  • On Wednesday, October 11th, William Dentino sold 22,500 shares of Molina Healthcare stock. The shares were sold at an average price of $63.96, for a total value of $1,439,100.00.

Molina Healthcare, Inc. (NYSE MOH) traded down $0.64 during midday trading on Thursday, hitting $84.41. The stock had a trading volume of 1,050,000 shares, compared to its average volume of 1,230,000. Molina Healthcare, Inc. has a 12 month low of $42.56 and a 12 month high of $86.39. The firm has a market capitalization of $4,820.00, a PE ratio of -16.02, a price-to-earnings-growth ratio of 1.08 and a beta of 0.97. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29.

Molina Healthcare (NYSE:MOH) last released its quarterly 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 positive return on equity of 17.76% and a negative net margin of 1.76%. The company had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.95 billion. During the same period last year, the firm earned $0.85 earnings per share. The business’s revenue was up 10.7% compared to the same quarter last year. analysts forecast that Molina Healthcare, Inc. will post -3.88 EPS for the current fiscal year.

A number of analysts have commented on MOH shares. ValuEngine upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Raymond James Financial reiterated a “hold” rating on shares of Molina Healthcare in a research report on Friday, December 8th. Zacks Investment Research upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Jefferies Group boosted their target price on Molina Healthcare from $64.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Finally, BMO Capital Markets started coverage on Molina Healthcare in a research report on Monday, October 16th. They set a “market perform” rating and a $70.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $70.86.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Molina Healthcare by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,240 shares of the company’s stock worth $432,000 after acquiring an additional 23 shares during the last quarter. Retirement Systems of Alabama increased its stake in Molina Healthcare by 0.3% in the second quarter. Retirement Systems of Alabama now owns 55,116 shares of the company’s stock valued at $3,813,000 after purchasing an additional 167 shares during the last quarter. Amalgamated Bank increased its stake in Molina Healthcare by 4.3% in the second quarter. Amalgamated Bank now owns 6,237 shares of the company’s stock valued at $431,000 after purchasing an additional 258 shares during the last quarter. Arizona State Retirement System increased its stake in Molina Healthcare by 1.7% in the second quarter. Arizona State Retirement System now owns 18,000 shares of the company’s stock valued at $1,245,000 after purchasing an additional 300 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in Molina Healthcare by 0.9% in the second quarter. Mutual of America Capital Management LLC now owns 35,140 shares of the company’s stock valued at $2,431,000 after purchasing an additional 325 shares during the last quarter. 96.22% of the stock is owned by institutional investors.

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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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