Molina Healthcare Inc (NYSE:MOH) Director Ronna Romney sold 250 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $77.68, for a total value of $19,420.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Ronna Romney also recently made the following trade(s):
- On Monday, September 25th, Ronna Romney sold 250 shares of Molina Healthcare stock. The shares were sold at an average price of $65.04, for a total value of $16,260.00.
- On Friday, September 1st, Ronna Romney sold 250 shares of Molina Healthcare stock. The shares were sold at an average price of $63.83, for a total value of $15,957.50.
Shares of Molina Healthcare Inc (NYSE:MOH) traded down $0.50 during mid-day trading on Thursday, reaching $75.70. The company had a trading volume of 1,167,809 shares, compared to its average volume of 1,268,275. Molina Healthcare Inc has a 1-year low of $42.56 and a 1-year high of $80.65. The company has a market cap of $4,340.00, a price-to-earnings ratio of 24.24 and a beta of 0.91. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29.
Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Thursday, November 2nd. The company reported ($1.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($1.85). Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.95 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. sell-side analysts forecast that Molina Healthcare Inc will post -3.88 EPS for the current fiscal year.
Several analysts have issued reports on the company. ValuEngine upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Morgan Stanley upped their price objective on Molina Healthcare from $68.00 to $89.00 and gave the company an “overweight” rating in a research note on Friday, November 3rd. Jefferies Group LLC upped their target price on Molina Healthcare from $64.00 to $74.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Finally, Wolfe Research raised Molina Healthcare from a “market perform” rating to an “outperform” rating in a report on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $64.30.
A number of hedge funds have recently modified their holdings of MOH. Zions Bancorporation bought a new position in Molina Healthcare in the 3rd quarter worth approximately $118,000. LS Investment Advisors LLC lifted its position in Molina Healthcare by 40.9% in the second quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock worth $127,000 after purchasing an additional 531 shares during the period. Tiedemann Wealth Management LLC lifted its position in Molina Healthcare by 7.8% in the third quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock worth $135,000 after purchasing an additional 103,775 shares during the period. Meeder Asset Management Inc. acquired a new stake in Molina Healthcare in the second quarter worth approximately $136,000. Finally, Riverhead Capital Management LLC lifted its position in Molina Healthcare by 64.2% in the second quarter. Riverhead Capital Management LLC now owns 2,463 shares of the company’s stock worth $170,000 after purchasing an additional 963 shares during the period. 95.04% of the stock is 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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