Molina Healthcare (NYSE:MOH) Director Steven J. Orlando sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $82.10, for a total transaction of $123,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NYSE:MOH opened at $83.80 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.98. Molina Healthcare has a 12 month low of $82.15 and a 12 month high of $83.92. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 149.64, a P/E/G ratio of 1.30 and a beta of 1.20.
Molina Healthcare (NYSE:MOH) last posted its earnings results on Monday, February 12th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. Molina Healthcare had a negative net margin of 2.46% and a positive return on equity of 20.08%. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $4.96 billion. sell-side analysts forecast that Molina Healthcare will post 4.63 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC grew its position in shares of Molina Healthcare by 53.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,156,150 shares of the company’s stock valued at $165,334,000 after acquiring an additional 751,800 shares during the period. Victory Capital Management Inc. grew its position in shares of Molina Healthcare by 17.1% during the 1st quarter. Victory Capital Management Inc. now owns 1,862,307 shares of the company’s stock valued at $151,182,000 after acquiring an additional 271,898 shares during the period. Iridian Asset Management LLC CT grew its position in shares of Molina Healthcare by 6.7% during the 1st quarter. Iridian Asset Management LLC CT now owns 1,783,732 shares of the company’s stock valued at $144,803,000 after acquiring an additional 112,125 shares during the period. Tiedemann Advisors LLC grew its position in shares of Molina Healthcare by 30.9% during the 1st quarter. Tiedemann Advisors LLC now owns 1,764,371 shares of the company’s stock valued at $143,231,000 after acquiring an additional 416,159 shares during the period. Finally, Northern Trust Corp grew its position in shares of Molina Healthcare by 3.0% during the 1st quarter. Northern Trust Corp now owns 910,390 shares of the company’s stock valued at $73,906,000 after acquiring an additional 26,860 shares during the period.
MOH has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Thursday, March 8th. Jefferies Group restated a “hold” rating and issued a $80.00 price objective on shares of Molina Healthcare in a report on Wednesday, February 14th. Zacks Investment Research lowered shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a report on Friday, February 9th. BMO Capital Markets decreased their price objective on shares of Molina Healthcare from $98.00 to $85.00 and set a “market perform” rating for the company in a report on Wednesday, February 14th. Finally, Leerink Swann lifted their target price on shares of Molina Healthcare from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 28th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Molina Healthcare presently has an average rating of “Hold” and a consensus target price of $80.07.
About Molina Healthcare
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
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