Molina Healthcare, Inc. (NYSE:MOH) Director John C. Molina sold 16,226 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $92.49, for a total value of $1,500,742.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
John C. Molina also recently made the following trade(s):
- On Monday, December 18th, John C. Molina sold 19,885 shares of Molina Healthcare stock. The stock was sold at an average price of $75.47, for a total value of $1,500,720.95.
Shares of Molina Healthcare, Inc. (MOH) traded down $1.94 during mid-day trading on Friday, hitting $91.83. The company’s stock had a trading volume of 1,660,272 shares, compared to its average volume of 1,479,923. Molina Healthcare, Inc. has a one year low of $42.56 and a one year high of $93.98. The stock has a market cap of $5,250.00, a P/E ratio of -17.43, a P/E/G ratio of 1.18 and a beta of 0.97. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06.
A number of research analysts recently issued reports on MOH shares. Zacks Investment Research downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Jefferies Group raised their price target on Molina Healthcare from $64.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Goldman Sachs Group started coverage on Molina Healthcare in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $83.00 price target on the stock. Wolfe Research upgraded Molina Healthcare from a “market perform” rating to an “outperform” rating in a research note on Monday, October 23rd. Finally, Morgan Stanley raised their price target on Molina Healthcare from $68.00 to $89.00 and gave the stock an “overweight” rating in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $70.86.
Hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. grew its stake in shares of Molina Healthcare by 33.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,958 shares of the company’s stock valued at $616,000 after purchasing an additional 2,266 shares during the last quarter. Tavio Capital LLC grew its stake in shares of Molina Healthcare by 418.0% in the 3rd quarter. Tavio Capital LLC now owns 537,192 shares of the company’s stock valued at $36,937,000 after purchasing an additional 433,485 shares during the last quarter. Rothschild Asset Management Inc. lifted its holdings in shares of Molina Healthcare by 6.1% in the 3rd quarter. Rothschild Asset Management Inc. now owns 706,683 shares of the company’s stock valued at $48,592,000 after buying an additional 40,737 shares during the period. Jana Partners LLC lifted its holdings in shares of Molina Healthcare by 52.5% in the 3rd quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock valued at $146,139,000 after buying an additional 731,992 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Molina Healthcare by 25.8% in the 3rd quarter. Legal & General Group Plc now owns 71,545 shares of the company’s stock valued at $4,912,000 after buying an additional 14,682 shares during the period.
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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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