Garrey Carruthers Sells 1,600 Shares of Molina Healthcare Inc. (MOH) Stock
Molina Healthcare Inc. (NYSE:MOH) Director Garrey Carruthers sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $55.46, for a total value of $88,736.00. Following the completion of the sale, the director now owns 9,508 shares of the company’s stock, valued at approximately $527,313.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Molina Healthcare Inc. (NYSE:MOH) opened at 55.74 on Monday. Molina Healthcare Inc. has a 52 week low of $44.50 and a 52 week high of $81.95. The stock has a market capitalization of $3.17 billion, a PE ratio of 24.13 and a beta of 1.67. The company has a 50-day moving average price of $56.02 and a 200 day moving average price of $55.62.
Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. Molina Healthcare had a return on equity of 9.60% and a net margin of 0.83%. The company earned $4.36 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period in the prior year, the company earned $0.72 earnings per share. The firm’s revenue was up 23.7% on a year-over-year basis. Equities analysts forecast that Molina Healthcare Inc. will post $2.72 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in MOH. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Molina Healthcare by 168.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,581 shares of the company’s stock worth $102,000 after buying an additional 992 shares during the last quarter. BlackRock Japan Co. Ltd raised its position in shares of Molina Healthcare by 9.0% in the first quarter. BlackRock Japan Co. Ltd now owns 1,848 shares of the company’s stock worth $119,000 after buying an additional 152 shares during the last quarter. Advance Capital I Inc. purchased a new position in shares of Molina Healthcare during the second quarter worth approximately $215,000. Wright Investors Service Inc. purchased a new position in shares of Molina Healthcare during the second quarter worth approximately $224,000. Finally, Mount Lucas Management LP raised its position in shares of Molina Healthcare by 10.3% in the first quarter. Mount Lucas Management LP now owns 4,555 shares of the company’s stock worth $294,000 after buying an additional 427 shares during the last quarter. 87.58% of the stock is owned by institutional investors.
A number of analysts recently weighed in on the company. Jefferies Group boosted their target price on Molina Healthcare from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, September 13th. Zacks Investment Research raised Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $55.00 price target on shares of Molina Healthcare in a research note on Friday, July 29th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Molina Healthcare in a research note on Tuesday, June 28th. Finally, Leerink Swann reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Molina Healthcare in a research note on Wednesday, June 15th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $62.00.
Molina Healthcare Company Profile
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. Its Health Plans segment consists of health plans in approximately 10 states and the Commonwealth of Puerto Rico, and its direct delivery business.
Receive News & Ratings for Molina Healthcare Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.