Molina Healthcare (NYSE:MOH) Stock: Insider Jeff Barlow Sells 8,000 Shares

Molina Healthcare, Inc (NYSE:MOH) insider Jeff Barlow sold 8,000 shares of the company’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $203.07, for a total transaction of $1,624,560.00. Following the transaction, the insider directly owned 59,313 shares in the company, valued at approximately $12,044,690.91. This trade represents a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Molina Healthcare Price Performance

Shares of MOH traded down $0.48 during trading hours on Friday, reaching $209.37. The company had a trading volume of 362,848 shares, compared to its average volume of 1,260,886. The firm has a 50 day simple moving average of $202.43 and a 200-day simple moving average of $185.57. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $10.93 billion, a price-to-earnings ratio of -218.09, a PEG ratio of 12.34 and a beta of 0.75. Molina Healthcare, Inc has a 12-month low of $121.06 and a 12-month high of $244.89.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, October 21st. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.79 by $0.10. The firm had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $10.86 billion. Molina Healthcare had a negative net margin of 0.11% and a positive return on equity of 2.50%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.84 earnings per share. Research analysts expect that Molina Healthcare, Inc will post 5.30 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein restated an “outperform” rating on shares of Molina Healthcare in a research report on Tuesday, October 27th. Wells Fargo & Company lowered their target price on shares of Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating for the company in a report on Tuesday, July 28th. Barclays dropped their price target on shares of Molina Healthcare from $180.00 to $178.00 and set an “underweight” rating for the company in a research report on Friday, October 23rd. UBS Group increased their price target on shares of Molina Healthcare from $202.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. Finally, Mizuho set a $255.00 price target on shares of Molina Healthcare in a report on Friday, October 23rd. Three investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $213.88.

Hedge Funds Weigh In On Molina Healthcare

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fortitude Family Office LLC grew its holdings in shares of Molina Healthcare by 63.7% during the 3rd quarter. Fortitude Family Office LLC now owns 131 shares of the company’s stock worth $25,000 after purchasing an additional 51 shares during the period. Elevation Wealth Partners LLC raised its holdings in Molina Healthcare by 118.2% in the second quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock valued at $33,000 after buying an additional 78 shares during the period. Global Retirement Partners LLC purchased a new position in Molina Healthcare in the second quarter valued at approximately $39,000. Versant Capital Management Inc lifted its position in Molina Healthcare by 341.6% during the second quarter. Versant Capital Management Inc now owns 340 shares of the company’s stock valued at $78,000 after buying an additional 263 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in Molina Healthcare during the second quarter valued at approximately $89,000. 98.50% of the stock is owned by institutional investors and hedge funds.

About Molina Healthcare

Molina Healthcare, Inc. is a managed care company that provides health insurance plans primarily to people covered by government-sponsored programs. Its offerings include Medicaid plans, Medicare plans for eligible individuals and dual-eligible members, and health plans sold through government marketplaces under the Affordable Care Act. The company was founded in 1980 by physician C. David Molina in Long Beach, California, initially serving low-income families through community clinics. It later shifted its focus to providing managed health care, with Medicaid becoming a central part of its business.