Molina Healthcare, Inc. (NYSE:MOH) Director Garrey Carruthers sold 1,300 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $152.75, for a total transaction of $198,575.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Molina Healthcare stock opened at $148.08 on Friday. The company has a market capitalization of $9.26 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.03 and a beta of 1.37. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.74. Molina Healthcare, Inc. has a 52 week low of $94.18 and a 52 week high of $159.00.
Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Monday, April 29th. The company reported $3.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.41 by $0.63. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.07 billion. Molina Healthcare had a net margin of 4.35% and a return on equity of 49.21%. Molina Healthcare’s revenue was down 11.3% on a year-over-year basis. During the same period last year, the firm posted $1.26 EPS. Analysts expect that Molina Healthcare, Inc. will post 10.94 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in MOH. Oregon Public Employees Retirement Fund raised its position in shares of Molina Healthcare by 15,114.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,861,453 shares of the company’s stock valued at $25,000 after purchasing an additional 2,842,645 shares during the last quarter. Vanguard Group Inc raised its position in Molina Healthcare by 14.0% during the 3rd quarter. Vanguard Group Inc now owns 5,773,626 shares of the company’s stock worth $858,538,000 after buying an additional 709,776 shares during the last quarter. Norges Bank purchased a new position in Molina Healthcare during the 4th quarter worth approximately $78,437,000. Iridian Asset Management LLC CT raised its position in Molina Healthcare by 43.5% during the 4th quarter. Iridian Asset Management LLC CT now owns 1,057,983 shares of the company’s stock worth $122,959,000 after buying an additional 320,543 shares during the last quarter. Finally, Fiera Capital Corp purchased a new position in Molina Healthcare during the 1st quarter worth approximately $43,862,000.
A number of research firms have recently weighed in on MOH. BMO Capital Markets upgraded shares of Molina Healthcare from a “market perform” rating to an “outperform” rating and raised their price target for the company from $154.00 to $200.00 in a report on Monday, June 3rd. Barclays raised their price target on shares of Molina Healthcare from $140.00 to $149.00 and gave the company an “equal weight” rating in a report on Friday, May 31st. Wells Fargo & Co upgraded shares of Molina Healthcare from a “market perform” rating to an “outperform” rating and set a $177.00 price target on the stock in a report on Friday, May 31st. Bank of America restated an “underperform” rating and issued a $132.00 price target (up from $129.00) on shares of Molina Healthcare in a report on Tuesday, April 30th. Finally, Cowen assumed coverage on shares of Molina Healthcare in a research report on Thursday, February 28th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Molina Healthcare has an average rating of “Buy” and a consensus target price of $160.92.
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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.
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