Insider Selling: Steven J. Orlando Sells 2,500 Shares of Molina Healthcare Stock (MOH)
Molina Healthcare (NYSE:MOH) Director Steven J. Orlando unloaded 2,500 shares of Molina Healthcare stock on the open market in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $43.37, for a total transaction of $108,425.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on MOH. Analysts at Cantor Fitzgerald raised their price target on shares of Molina Healthcare from $35.00 to $40.00 in a research note on Thursday, May 15th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Molina Healthcare in a research note on Monday, May 5th. They now have a $41.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Molina Healthcare from $36.00 to $40.00 in a research note on Friday, May 2nd. They now have a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $42.83.
Shares of Molina Healthcare (NYSE:MOH) traded up 1.83% on Friday, hitting $44.40. The stock had a trading volume of 434,475 shares. Molina Healthcare has a 1-year low of $31.10 and a 1-year high of $44.60. The stock’s 50-day moving average is $40.30 and its 200-day moving average is $36.78. The company has a market cap of $2.054 billion and a P/E ratio of 73.65.
Molina Healthcare (NYSE:MOH) last released its earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.11. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 30.1% on a year-over-year basis. Analysts expect that Molina Healthcare will post $2.02 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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