Molina Healthcare, Inc. (NYSE:MOH) Director John C. Molina sold 62,420 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $72.13, for a total value of $4,502,354.60. Following the completion of the sale, the director now directly owns 393,410 shares in the company, valued at $28,376,663.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
John C. Molina also recently made the following trade(s):
- On Thursday, January 18th, John C. Molina sold 16,226 shares of Molina Healthcare stock. The shares were sold at an average price of $92.49, for a total value of $1,500,742.74.
- On Monday, December 18th, John C. Molina sold 19,885 shares of Molina Healthcare stock. The shares were sold at an average price of $75.47, for a total value of $1,500,720.95.
Molina Healthcare, Inc. (MOH) traded up $0.42 during mid-day trading on Thursday, reaching $71.56. The company had a trading volume of 799,549 shares, compared to its average volume of 1,419,657. Molina Healthcare, Inc. has a fifty-two week low of $42.56 and a fifty-two week high of $93.98. The firm has a market capitalization of $4,120.00, a P/E ratio of -8.86, a PEG ratio of 1.27 and a beta of 1.10. The company has a current ratio of 1.35, a quick ratio of 1.29 and a debt-to-equity ratio of 1.13.
Hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. grew its position in Molina Healthcare by 33.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,958 shares of the company’s stock worth $616,000 after buying an additional 2,266 shares in the last quarter. Tavio Capital LLC grew its position in Molina Healthcare by 418.0% during the third quarter. Tavio Capital LLC now owns 537,192 shares of the company’s stock worth $36,937,000 after buying an additional 433,485 shares in the last quarter. Boston Advisors LLC acquired a new stake in Molina Healthcare during the fourth quarter worth about $1,318,000. Jana Partners LLC grew its position in Molina Healthcare by 52.5% during the third quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock worth $146,139,000 after buying an additional 731,992 shares in the last quarter. Finally, Convergence Investment Partners LLC acquired a new stake in Molina Healthcare during the fourth quarter worth about $1,190,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.
MOH has been the topic of several research analyst reports. Jefferies Group raised their price target on Molina Healthcare from $64.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Morgan Stanley raised their price target on Molina Healthcare from $68.00 to $89.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. Zacks Investment Research raised Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. ValuEngine raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, Raymond James Financial reaffirmed a “hold” rating on shares of Molina Healthcare in a research report on Friday, December 8th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. Molina Healthcare has an average rating of “Hold” and an average target price of $73.73.
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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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