Molina Healthcare Inc (NYSE:MOH) insider Jeff D. Barlow sold 5,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $76.82, for a total value of $384,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Molina Healthcare Inc (NYSE:MOH) opened at $78.05 on Wednesday. Molina Healthcare Inc has a 1-year low of $42.56 and a 1-year high of $80.65. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $4,448.19, a price-to-earnings ratio of 24.20 and a beta of 0.91.
Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Thursday, November 2nd. The company reported ($1.62) EPS for the quarter, missing the consensus estimate of $0.23 by ($1.85). Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.76%. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.95 billion. During the same period in the previous year, the company posted $0.85 earnings per share. Molina Healthcare’s revenue for the quarter was up 10.7% compared to the same quarter last year. equities research analysts anticipate that Molina Healthcare Inc will post -3.88 EPS for the current year.
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Large investors have recently bought and sold shares of the business. Zions Bancorporation purchased a new stake in shares of Molina Healthcare during the 3rd quarter worth about $118,000. LS Investment Advisors LLC boosted its stake in shares of Molina Healthcare by 40.9% during the 2nd quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock worth $127,000 after acquiring an additional 531 shares in the last quarter. Tiedemann Wealth Management LLC boosted its stake in shares of Molina Healthcare by 7.8% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock worth $135,000 after acquiring an additional 103,775 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Molina Healthcare during the 2nd quarter worth about $136,000. Finally, Riverhead Capital Management LLC boosted its stake in shares of Molina Healthcare by 64.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,463 shares of the company’s stock worth $170,000 after acquiring an additional 963 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Molina Healthcare from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Morgan Stanley boosted their price objective on shares of Molina Healthcare from $68.00 to $89.00 and gave the company an “overweight” rating in a report on Friday, November 3rd. ValuEngine raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Jefferies Group LLC boosted their price objective on shares of Molina Healthcare from $64.00 to $74.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Finally, BidaskClub lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.30.
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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