Molina Healthcare Inc (MOH) Director Sells $1,000,050.00 in Stock
Molina Healthcare Inc (NYSE:MOH) Director J Mario Md Molina sold 15,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $66.67, for a total value of $1,000,050.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
J Mario Md Molina also recently made the following trade(s):
- On Monday, July 3rd, J Mario Md Molina sold 15,000 shares of Molina Healthcare stock. The stock was sold at an average price of $68.58, for a total value of $1,028,700.00.
- On Monday, June 12th, J Mario Md Molina sold 15,000 shares of Molina Healthcare stock. The stock was sold at an average price of $66.09, for a total value of $991,350.00.
Shares of Molina Healthcare Inc (NYSE:MOH) opened at 59.80 on Monday. Molina Healthcare Inc has a 1-year low of $42.56 and a 1-year high of $72.79. The firm’s market cap is $3.35 billion. The stock has a 50 day moving average price of $69.82 and a 200-day moving average price of $58.86.
Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.86 by $0.87. The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.88 billion. Molina Healthcare had a positive return on equity of 16.10% and a negative net margin of 1.07%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. On average, equities research analysts expect that Molina Healthcare Inc will post $2.20 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by Daily Political and is owned by of Daily Political. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.dailypolitical.com/2017/08/07/molina-healthcare-inc-moh-director-sells-1000050-00-in-stock.html.
MOH has been the subject of several research analyst reports. Zacks Investment Research upgraded Molina Healthcare from a “strong sell” rating to a “hold” rating in a research note on Monday, April 24th. Stifel Nicolaus upped their price target on Molina Healthcare from $45.00 to $47.00 and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. TheStreet upgraded Molina Healthcare from a “c” rating to a “b” rating in a research note on Tuesday, May 2nd. Wolfe Research initiated coverage on Molina Healthcare in a research note on Friday, May 5th. They set a “market perform” rating and a $69.00 price target for the company. Finally, ValuEngine upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $60.75.
Several institutional investors have recently bought and sold shares of MOH. LS Investment Advisors LLC raised 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 buying an additional 531 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Molina Healthcare during the second quarter worth approximately $136,000. Meadow Creek Investment Management LLC raised its position in Molina Healthcare by 13.2% in the first quarter. Meadow Creek Investment Management LLC now owns 2,408 shares of the company’s stock worth $110,000 after buying an additional 280 shares during the last quarter. Glen Harbor Capital Management LLC raised its position in Molina Healthcare by 13.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,924 shares of the company’s stock worth $133,000 after buying an additional 340 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Molina Healthcare during the second quarter worth approximately $241,000. Institutional investors and hedge funds own 93.42% of the company’s stock.
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.
Receive News & Ratings for Molina Healthcare Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare Inc and related companies with MarketBeat.com's FREE daily email newsletter.