Molina Healthcare Inc (NYSE:MOH) Director Garrey Carruthers sold 1,300 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $75.66, for a total transaction of $98,358.00. Following the completion of the sale, the director now owns 7,016 shares of the company’s stock, valued at approximately $530,830.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Molina Healthcare Inc (NYSE:MOH) traded down $0.91 during midday trading on Friday, reaching $74.79. 1,195,550 shares of the company’s stock were exchanged, compared to its average volume of 1,389,472. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. The stock has a market cap of $4,270.06, a P/E ratio of 23.23 and a beta of 0.91. Molina Healthcare Inc has a 1-year low of $42.56 and a 1-year high of $80.65.
Molina Healthcare (NYSE:MOH) last posted its earnings results on Thursday, November 2nd. The company reported ($1.62) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($1.85). The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.95 billion. Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.76%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. equities research analysts expect that Molina Healthcare Inc will post -3.88 earnings per share for the current year.
Several research firms have recently issued reports on MOH. ValuEngine upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research upgraded shares of Molina Healthcare from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Deutsche Bank AG restated a “hold” rating and issued a $72.00 target price on shares of Molina Healthcare in a report on Wednesday, August 9th. TheStreet lowered shares of Molina Healthcare from a “b” rating to a “c” rating in a report on Monday, August 7th. Finally, BidaskClub lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Molina Healthcare has an average rating of “Hold” and a consensus price target of $64.30.
A number of hedge funds and other institutional investors have recently bought and sold shares of MOH. Zions Bancorporation purchased a new position in Molina Healthcare during the 3rd quarter valued at about $118,000. LS Investment Advisors LLC increased its position in Molina Healthcare by 40.9% during the 2nd quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock valued at $127,000 after purchasing an additional 531 shares during the period. Tiedemann Wealth Management LLC increased its position in Molina Healthcare by 7.8% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock valued at $135,000 after purchasing an additional 103,775 shares during the period. Meeder Asset Management Inc. purchased a new position in Molina Healthcare during the 2nd quarter valued at about $136,000. Finally, Riverhead Capital Management LLC increased its position in Molina Healthcare by 64.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,463 shares of the company’s stock valued at $170,000 after purchasing an additional 963 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.
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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