Molina Healthcare Director Sells $92,250 in Stock (MOH)
Molina Healthcare (NYSE:MOH) Director Charles Fedak unloaded 2,500 shares of Molina Healthcare stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $36.90, for a total value of $92,250.00. Following the completion of the transaction, the director now directly owns 46,000 shares in the company. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
MOH has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Molina Healthcare presently has a consensus rating of “Hold” and a consensus target price 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 52-week low of $21.62 and a 52-week high of $40.90. The stock has a 50-day moving average of $35.99 and a 200-day moving average of $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 issued its quarterly earnings data on Thursday, July 25th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the 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 in the prior year, the company posted ($0.80) earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts expect that Molina Healthcare will post $1.62 EPS 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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