Molina Healthcare Inc (MOH) Director Sells $15,957.50 in Stock
Molina Healthcare Inc (NYSE:MOH) Director Ronna Romney sold 250 shares of Molina Healthcare stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $63.83, for a total value of $15,957.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Ronna Romney also recently made the following trade(s):
- On Thursday, August 10th, Ronna Romney sold 250 shares of Molina Healthcare stock. The shares were sold at an average price of $58.00, for a total value of $14,500.00.
- On Friday, June 23rd, Ronna Romney sold 250 shares of Molina Healthcare stock. The shares were sold at an average price of $71.45, for a total value of $17,862.50.
Shares of Molina Healthcare Inc (NYSE MOH) traded up 0.39% during trading on Friday, hitting $64.25. The company’s stock had a trading volume of 678,225 shares. The firm’s 50 day moving average is $63.88 and its 200-day moving average is $59.27. The company’s market capitalization is $3.67 billion. Molina Healthcare Inc has a 1-year low of $42.56 and a 1-year high of $72.79.
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 business had revenue of $5 billion during the quarter, compared to analyst estimates of $4.88 billion. Molina Healthcare had a negative net margin of 1.07% and a positive return on equity of 16.10%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS. Analysts forecast that Molina Healthcare Inc will post ($2.96) EPS for the current fiscal year.
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Several research firms have commented on MOH. Zacks Investment Research upgraded Molina Healthcare from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Thursday, May 4th. BidaskClub cut Molina Healthcare from a “buy” rating to a “hold” rating in a report on Friday, August 4th. ValuEngine upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. TheStreet cut Molina Healthcare from a “b” rating to a “c” rating in a report on Monday, August 7th. Finally, Credit Suisse Group reiterated an “underperform” rating and set a $53.00 target price (up previously from $50.00) on shares of Molina Healthcare in a report on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $62.39.
A number of hedge funds have recently added to or reduced their stakes in MOH. Capital Fund Management S.A. raised its stake in Molina Healthcare by 152.4% in the first quarter. Capital Fund Management S.A. now owns 108,400 shares of the company’s stock worth $4,943,000 after buying an additional 65,459 shares during the period. American Century Companies Inc. acquired a new stake in Molina Healthcare during the first quarter worth about $7,617,000. First Trust Advisors LP raised its stake in Molina Healthcare by 39.5% in the first quarter. First Trust Advisors LP now owns 46,553 shares of the company’s stock worth $2,123,000 after buying an additional 13,176 shares during the period. State Treasurer State of Michigan raised its stake in Molina Healthcare by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,300 shares of the company’s stock worth $789,000 after buying an additional 100 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in Molina Healthcare by 35.1% in the first quarter. Wedge Capital Management L L P NC now owns 18,641 shares of the company’s stock worth $850,000 after buying an additional 4,839 shares during the period. 96.04% of the stock is currently owned by hedge funds and other institutional investors.
Molina Healthcare Company Profile
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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