Molina Healthcare, Inc. (NYSE:MOH) Director Dale B. Wolf sold 4,000 shares of Molina Healthcare stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $135.57, for a total value of $542,280.00. Following the transaction, the director now owns 10,214 shares in the company, valued at approximately $1,384,711.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
NYSE:MOH opened at $134.16 on Friday. Molina Healthcare, Inc. has a 52 week low of $71.07 and a 52 week high of $154.06. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 1.32 and a beta of 1.52.
Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $2.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.90. The firm had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.72 billion. Molina Healthcare had a return on equity of 30.50% and a net margin of 1.27%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.62) EPS. On average, research analysts predict that Molina Healthcare, Inc. will post 7.91 EPS for the current fiscal year.
A number of research firms have commented on MOH. ValuEngine downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $155.00 target price on the stock in a research report on Tuesday, October 23rd. Morgan Stanley lifted their target price on Molina Healthcare from $178.00 to $184.00 and gave the company an “overweight” rating in a research report on Thursday, October 18th. Jefferies Financial Group downgraded Molina Healthcare from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research report on Friday, October 12th. They noted that the move was a valuation call. Finally, Evercore ISI began coverage on Molina Healthcare in a research report on Tuesday, October 9th. They issued an “in-line” rating and a $158.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Molina Healthcare currently has an average rating of “Hold” and an average price target of $130.62.
Hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale raised its holdings in shares of Molina Healthcare by 185.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,226 shares of the company’s stock valued at $170,000 after buying an additional 796 shares during the period. Alpha Cubed Investments LLC purchased a new stake in shares of Molina Healthcare in the 3rd quarter valued at $200,000. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Molina Healthcare in the 3rd quarter valued at $223,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Molina Healthcare in the 3rd quarter valued at $234,000. Finally, Integrated Investment Consultants LLC purchased a new stake in shares of Molina Healthcare in the 2nd quarter valued at $165,000.
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Molina Healthcare Company Profile
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.
Further Reading: Cost of Capital
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