Molina Healthcare Inc (NYSE:MOH) Director John C. Molina sold 21,277 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $70.53, for a total transaction of $1,500,666.81. Following the completion of the sale, the director now owns 611,154 shares of the company’s stock, valued at approximately $43,104,691.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Molina Healthcare Inc (MOH) traded up 0.77% on Wednesday, reaching $71.09. 1,501,348 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $69.19 and a 200-day moving average of $58.04. Molina Healthcare Inc has a one year low of $42.56 and a one year high of $72.15. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 38.20 and a beta of 0.91.

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Several research firms have recently issued reports on MOH. Zacks Investment Research lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating in a report on Monday. Stifel Nicolaus restated a “sell” rating and issued a $60.00 target price on shares of Molina Healthcare in a report on Friday, July 14th. Jefferies Group LLC reiterated a “hold” rating and set a $72.00 price objective on shares of Molina Healthcare in a report on Friday, July 14th. Bank of America Corporation lifted their price objective on shares of Molina Healthcare from $59.00 to $60.00 and gave the company an “underperform” rating in a report on Friday, July 14th. Finally, Credit Suisse Group reiterated an “underperform” rating and set a $53.00 price objective (up previously from $50.00) on shares of Molina Healthcare in a report on Friday, July 14th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Molina Healthcare presently has an average rating of “Hold” and a consensus price target of $60.37.

Several hedge funds have recently modified their holdings of MOH. UBS Asset Management Americas Inc. boosted its stake in shares of Molina Healthcare by 91.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 62,757 shares of the company’s stock valued at $3,406,000 after buying an additional 30,033 shares during the period. Teachers Advisors LLC boosted its stake in shares of Molina Healthcare by 34.6% in the fourth quarter. Teachers Advisors LLC now owns 124,489 shares of the company’s stock valued at $6,755,000 after buying an additional 32,018 shares during the period. Mutual of America Capital Management LLC boosted its stake in shares of Molina Healthcare by 4.4% in the first quarter. Mutual of America Capital Management LLC now owns 34,815 shares of the company’s stock valued at $1,588,000 after buying an additional 1,458 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Molina Healthcare by 7.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 538,641 shares of the company’s stock valued at $24,562,000 after buying an additional 39,527 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Molina Healthcare by 39.5% in the first quarter. First Trust Advisors LP now owns 46,553 shares of the company’s stock valued at $2,123,000 after buying an additional 13,176 shares during the period. 92.96% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Molina Healthcare (NYSE:MOH)

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