Molina Healthcare Inc (MOH) Insider William Dentino Sells 66,000 Shares
Molina Healthcare Inc (NYSE:MOH) insider William Dentino sold 66,000 shares of Molina Healthcare stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $60.09, for a total value of $3,965,940.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
William Dentino also recently made the following trade(s):
- On Thursday, July 6th, William Dentino sold 66,000 shares of Molina Healthcare stock. The shares were sold at an average price of $68.68, for a total value of $4,532,880.00.
Shares of Molina Healthcare Inc (MOH) traded down 2.02% during midday trading on Monday, reaching $58.59. The company had a trading volume of 2,536,322 shares. The firm’s 50 day moving average price is $69.82 and its 200-day moving average price is $58.86. Molina Healthcare Inc has a 1-year low of $42.56 and a 1-year high of $72.79. The stock’s market capitalization is $3.29 billion.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.86 by $0.87. The firm had revenue of $5 billion for 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 company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 earnings per share. Equities research analysts expect that Molina Healthcare Inc will post $2.20 EPS for the current fiscal year.
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Several research firms have recently issued reports on MOH. Jefferies Group LLC reissued a “hold” rating and set a $72.00 target price on shares of Molina Healthcare in a research note on Friday, July 14th. BidaskClub cut Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research cut Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Stifel Nicolaus cut Molina Healthcare from a “hold” rating to a “sell” rating and boosted their target price for the company from $47.00 to $60.00 in a research note on Wednesday, May 31st. Finally, Wolfe Research reissued a “market perform” rating and set a $69.00 target price on shares of Molina Healthcare in a research note on Monday, May 15th. 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. The stock presently has a consensus rating of “Hold” and an average target price of $60.75.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC increased its position in Molina Healthcare by 13.2% in the first quarter. Meadow Creek Investment Management LLC now owns 2,408 shares of the company’s stock valued at $110,000 after buying an additional 280 shares during the last quarter. LS Investment Advisors LLC increased its position in Molina Healthcare by 40.9% in the second quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock valued at $127,000 after buying an additional 531 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in Molina Healthcare by 13.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,924 shares of the company’s stock valued at $133,000 after buying an additional 340 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Molina Healthcare during the second quarter valued at approximately $136,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Molina Healthcare by 361.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,771 shares of the company’s stock valued at $172,000 after buying an additional 2,954 shares during the last quarter. Institutional investors own 93.42% 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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