Steven J. Orlando Sells 1,000 Shares of Molina Healthcare Inc (MOH) Stock
Molina Healthcare Inc (NYSE:MOH) Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $60.00, for a total value of $60,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Molina Healthcare Inc (MOH) traded up 4.81% on Thursday, reaching $59.51. The company had a trading volume of 1,973,230 shares. The company’s market capitalization is $3.40 billion. Molina Healthcare Inc has a 52 week low of $42.56 and a 52 week high of $72.79. The company has a 50 day moving average of $66.49 and a 200-day moving average of $58.95.
Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, August 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.87. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.88 billion. Molina Healthcare had a negative net margin of 1.07% and a positive return on equity of 16.10%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.67 earnings per share. Analysts predict that Molina Healthcare Inc will post ($2.96) earnings per share for the current fiscal year.
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A number of research firms recently issued reports on MOH. Credit Suisse Group restated 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. Bank of America Corporation boosted their price objective on Molina Healthcare from $59.00 to $60.00 and gave the company an “underperform” rating in a report on Friday, July 14th. Jefferies Group LLC restated a “hold” rating and set a $72.00 price objective on shares of Molina Healthcare in a report on Friday, July 14th. Stifel Nicolaus restated a “sell” rating and set a $60.00 price objective on shares of Molina Healthcare in a report on Friday, July 14th. Finally, Zacks Investment Research cut Molina Healthcare from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $62.18.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MOH. Point72 Asset Management L.P. raised its position in Molina Healthcare by 1,821.5% in the first quarter. Point72 Asset Management L.P. now owns 599,500 shares of the company’s stock worth $27,337,000 after buying an additional 568,300 shares during the period. Acadian Asset Management LLC raised its position in Molina Healthcare by 6,812.6% in the second quarter. Acadian Asset Management LLC now owns 415,587 shares of the company’s stock worth $28,748,000 after buying an additional 409,575 shares during the period. Redmile Group LLC raised its position in Molina Healthcare by 42.7% in the first quarter. Redmile Group LLC now owns 1,149,727 shares of the company’s stock worth $52,428,000 after buying an additional 344,181 shares during the period. Koch Industries Inc. bought a new position in Molina Healthcare during the second quarter worth about $323,000. Finally, Dimensional Fund Advisors LP raised its position in Molina Healthcare by 12.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,488,977 shares of the company’s stock worth $113,498,000 after buying an additional 282,144 shares during the period. Hedge funds and other institutional investors own 93.17% 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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