Insider Selling: Molina Healthcare Insider Sells 30,000 Shares of Stock (MOH)
Molina Healthcare (NYSE:MOH) Insider John Molina sold 30,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $35.57, for a total value of $1,067,100.00. Following the completion of the transaction, the insider now directly owns 502,163 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Susquehanna raised their price target on shares of Molina Healthcare (NYSE:MOH) from $45.00 to $46.00 in a research note to investors on Friday, July 26th. They now have a “positive” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Molina Healthcare (NYSE:MOH) from $33.00 to $36.00 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Molina Healthcare (NYSE:MOH) in a research note to investors on Friday, July 26th. They now have a $42.00 price target on the stock.
Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Molina Healthcare currently has a consensus rating of “Hold” and an average price target of $39.78.
Shares of Molina Healthcare (NYSE:MOH) traded up 2.86% on Wednesday, hitting $36.69. The stock had a trading volume of 706,943 shares. Molina Healthcare has a 1-year low of $21.62 and a 1-year high of $40.90. The stock’s 50-day moving average is $35.99 and its 200-day moving average is $35.38. The company has a market cap of $1.676 billion and a P/E ratio of 20.03.
Molina Healthcare (NYSE:MOH) last released its earnings data on Thursday, July 25th. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.03. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the company posted ($0.80) earnings per share. Molina Healthcare’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Molina Healthcare will post $1.62 earnings per share for the current fiscal year.
Molina Healthcare, Inc provides medicaid-related solutions. The Company operates in two segments: Health Plans and Molina Medicaid Solutions.
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