Insider Selling: Molina Healthcare, Inc. (MOH) Director Sells $1,500,742.74 in Stock

Molina Healthcare, Inc. (NYSE:MOH) Director John C. Molina sold 16,226 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $92.49, for a total transaction of $1,500,742.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

John C. Molina also recently made the following trade(s):

  • On Monday, December 18th, John C. Molina sold 19,885 shares of Molina Healthcare stock. The stock was sold at an average price of $75.47, for a total transaction of $1,500,720.95.

Shares of Molina Healthcare, Inc. (NYSE MOH) opened at $91.83 on Monday. Molina Healthcare, Inc. has a 52 week low of $42.56 and a 52 week high of $93.98. The firm has a market cap of $5,240.00, a P/E ratio of -17.43, a P/E/G ratio of 1.10 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 data on Thursday, November 2nd. The company reported ($1.62) EPS 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 firm had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.95 billion. During the same period in the prior year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. analysts predict that Molina Healthcare, Inc. will post -3.88 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Zions Bancorporation purchased a new stake in shares of Molina Healthcare in the 3rd quarter valued at approximately $118,000. Tiedemann Wealth Management LLC increased its position in shares of Molina Healthcare by 7.8% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock valued at $135,000 after purchasing an additional 103,775 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Molina Healthcare by 64.2% in the 2nd 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 during the last quarter. Sabal Trust CO purchased a new stake in shares of Molina Healthcare in the 3rd quarter valued at approximately $206,000. Finally, Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of Molina Healthcare in the 2nd quarter valued at approximately $249,000.

MOH has been the topic of several recent analyst reports. ValuEngine upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Raymond James Financial reaffirmed a “hold” rating on shares of Molina Healthcare in a research note on Friday, December 8th. Zacks Investment Research raised shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Jefferies Group upped their target price on shares of Molina Healthcare from $60.00 to $64.00 and gave the stock a “hold” rating in a research note on Friday, October 13th. Finally, BMO Capital Markets initiated 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 on the stock. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $70.86.

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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.

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

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