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.

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