Molina Healthcare Inc. (MOH) Sees Strong Trading Volume
Molina Healthcare Inc. (NYSE:MOH) saw an uptick in trading volume on Friday . 804,130 shares were traded during trading, an increase of 31% from the previous session’s volume of 612,623 shares.The stock last traded at $55.00 and had previously closed at $53.54.
Several research firms recently commented on MOH. Leerink Swann restated a “buy” rating on shares of Molina Healthcare in a research report on Thursday, July 28th. Cantor Fitzgerald restated a “hold” rating and set a $55.00 target price on shares of Molina Healthcare in a research report on Friday, July 29th. Credit Suisse Group AG restated a “hold” rating on shares of Molina Healthcare in a research report on Tuesday, June 28th. Zacks Investment Research upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Finally, Jefferies Group restated a “buy” rating and set a $63.00 target price (down from $66.00) on shares of Molina Healthcare in a research report on Thursday, July 28th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Molina Healthcare has a consensus rating of “Hold” and a consensus price target of $65.75.
The firm’s 50 day moving average price is $55.38 and its 200-day moving average price is $55.96. The company has a market capitalization of $3.14 billion and a P/E ratio of 23.95.
Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.18. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.35 billion. The business’s revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 EPS. On average, equities research analysts expect that Molina Healthcare Inc. will post $2.72 earnings per share for the current year.
In other news, COO Terry Bayer sold 8,250 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $58.00, for a total transaction of $478,500.00. Following the completion of the sale, the chief operating officer now owns 176,834 shares of the company’s stock, valued at $10,256,372. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronna Romney sold 750 shares of Molina Healthcare stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $55.00, for a total transaction of $41,250.00. The disclosure for this sale can be found here.
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. Its Health Plans segment consists of health plans in approximately 10 states and the Commonwealth of Puerto Rico, and its direct delivery business.
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