Molina Healthcare, Inc. (NYSE:MOH) Director John C. Molina sold 19,885 shares of Molina Healthcare stock in a transaction on Monday, December 18th. The stock was sold at an average price of $75.47, for a total transaction of $1,500,720.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Molina Healthcare, Inc. (NYSE MOH) traded up $1.41 on Friday, hitting $85.82. 740,880 shares of the stock traded hands, compared to its average volume of 1,220,000. Molina Healthcare, Inc. has a 52 week low of $42.56 and a 52 week high of $86.39. The firm has a market capitalization of $4,900.00, a P/E ratio of -16.28, a price-to-earnings-growth ratio of 1.13 and a beta of 0.97. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.06.
Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Thursday, November 2nd. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.95 billion. During the same period last year, the firm posted $0.85 EPS. The business’s revenue was up 10.7% compared to the same quarter last year. equities analysts expect that Molina Healthcare, Inc. will post -3.88 EPS for the current fiscal year.
Several analysts have weighed in on the stock. ValuEngine upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. BMO Capital Markets assumed coverage on shares of Molina Healthcare in a research note on Monday, October 16th. They set a “market perform” rating and a $70.00 target price for the company. Mitsubishi UFJ Financial Group assumed coverage on shares of Molina Healthcare in a research note on Thursday, September 21st. They set a “neutral” rating and a $70.00 target price for the company. Raymond James Financial reiterated a “hold” rating on shares of Molina Healthcare in a research note on Friday, December 8th. Finally, Leerink Swann boosted their target price on shares of Molina Healthcare from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $70.86.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Molina Healthcare by 1.9% during the second quarter. Vanguard Group Inc. now owns 3,619,435 shares of the company’s stock valued at $250,392,000 after acquiring an additional 66,206 shares during the period. Jana Partners LLC lifted its holdings in Molina Healthcare by 52.5% in the third quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock worth $146,139,000 after purchasing an additional 731,992 shares during the period. Tiedemann Wealth Management LLC lifted its holdings in Molina Healthcare by 7.8% in the third quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock worth $135,000 after purchasing an additional 103,775 shares during the period. Northern Trust Corp lifted its holdings in Molina Healthcare by 14.5% in the second quarter. Northern Trust Corp now owns 900,946 shares of the company’s stock worth $62,328,000 after purchasing an additional 113,808 shares during the period. Finally, Rothschild Asset Management Inc. lifted its holdings in Molina Healthcare by 6.1% in the third quarter. Rothschild Asset Management Inc. now owns 706,683 shares of the company’s stock worth $48,592,000 after purchasing an additional 40,737 shares during the period. 96.22% of the stock is owned by institutional investors.
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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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