Molina Healthcare Inc (MOH) Insider Jeff D. Barlow Sells 5,224 Shares
Molina Healthcare Inc (NYSE:MOH) insider Jeff D. Barlow sold 5,224 shares of Molina Healthcare stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $67.40, for a total transaction of $352,097.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Molina Healthcare Inc (NYSE MOH) traded down 2.42% during mid-day trading on Wednesday, hitting $63.58. 1,978,216 shares of the company traded hands. The stock’s market capitalization is $3.63 billion. Molina Healthcare Inc has a one year low of $42.56 and a one year high of $72.79. The firm has a 50-day moving average of $65.07 and a 200-day moving average of $62.80.
Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.87). The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.88 billion. Molina Healthcare had a negative net margin of 1.07% and a positive return on equity of 16.10%. Molina Healthcare’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. On average, equities analysts predict that Molina Healthcare Inc will post ($2.70) earnings per share for the current year.
MOH has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. ValuEngine downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. 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 research report on Friday, July 14th. Stifel Nicolaus reissued a “sell” rating and issued a $60.00 price objective on shares of Molina Healthcare in a research report on Friday, July 14th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $72.00 price objective on shares of Molina Healthcare in a research report on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $62.25.
A number of institutional investors and hedge funds have recently bought and sold shares of MOH. Point72 Asset Management L.P. grew its position in Molina Healthcare by 1,821.5% during the first quarter. Point72 Asset Management L.P. now owns 599,500 shares of the company’s stock valued at $27,337,000 after buying an additional 568,300 shares during the period. Acadian Asset Management LLC grew its position in Molina Healthcare by 6,812.6% during the second quarter. Acadian Asset Management LLC now owns 415,587 shares of the company’s stock valued at $28,748,000 after buying an additional 409,575 shares during the period. Redmile Group LLC grew its position in Molina Healthcare by 42.7% during the first quarter. Redmile Group LLC now owns 1,149,727 shares of the company’s stock valued at $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 valued at about $323,000. Finally, Dimensional Fund Advisors LP grew its position in Molina Healthcare by 12.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,488,977 shares of the company’s stock valued at $113,498,000 after buying an additional 282,144 shares during the period. Institutional investors own 96.04% 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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