John C. Molina Sells 22,400 Shares of Molina Healthcare Inc (MOH) Stock
Molina Healthcare Inc (NYSE:MOH) Director John C. Molina sold 22,400 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $67.01, for a total value of $1,501,024.00. Following the completion of the transaction, the director now owns 540,722 shares in the company, valued at approximately $36,233,781.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Molina Healthcare Inc (NYSE MOH) opened at 68.76 on Friday. The company’s market cap is $3.93 billion. Molina Healthcare Inc has a 12-month low of $42.56 and a 12-month high of $72.79. The stock has a 50 day moving average price of $62.22 and a 200-day moving average price of $60.55.
Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.87). The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.88 billion. Molina Healthcare had a positive return on equity of 16.10% and a negative net margin of 1.07%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 EPS. On average, analysts predict that Molina Healthcare Inc will post ($2.70) EPS for the current fiscal year.
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Several research analysts have issued reports on MOH shares. Deutsche Bank AG reiterated a “hold” rating and issued a $72.00 price target on shares of Molina Healthcare in a report on Wednesday, August 9th. Bank of America Corporation increased their price target on Molina Healthcare from $59.00 to $60.00 and gave the stock an “underperform” rating in a report on Friday, July 14th. Morgan Stanley upgraded Molina Healthcare from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $65.00 to $68.00 in a report on Thursday, August 17th. Zacks Investment Research lowered Molina Healthcare from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Finally, ValuEngine lowered Molina Healthcare from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $62.90.
Several institutional investors have recently bought and sold shares of MOH. Great West Life Assurance Co. Can grew its stake in shares of Molina Healthcare by 7.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 25,307 shares of the company’s stock worth $1,153,000 after buying an additional 1,699 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Molina Healthcare by 39.5% in the 1st quarter. First Trust Advisors LP now owns 46,553 shares of the company’s stock worth $2,123,000 after buying an additional 13,176 shares during the last quarter. Comerica Bank grew its stake in shares of Molina Healthcare by 4.5% in the 1st quarter. Comerica Bank now owns 32,773 shares of the company’s stock worth $1,594,000 after buying an additional 1,416 shares during the last quarter. Swiss National Bank grew its stake in shares of Molina Healthcare by 1.4% in the 1st quarter. Swiss National Bank now owns 65,500 shares of the company’s stock worth $2,987,000 after buying an additional 900 shares during the last quarter. Finally, Meadow Creek Investment Management LLC grew its stake in shares of Molina Healthcare by 13.2% in the 1st quarter. Meadow Creek Investment Management LLC now owns 2,408 shares of the company’s stock worth $110,000 after buying an additional 280 shares during the last quarter. Institutional investors own 96.04% of the company’s stock.
About Molina Healthcare
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, which includes its Pathways Health and Community Support LLC (Pathways) business.
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