Molina Healthcare Inc (NYSE:MOH) Director Ronna Romney sold 250 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $58.00, for a total value of $14,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ronna Romney also recently made the following trade(s):

  • On Friday, June 23rd, Ronna Romney sold 250 shares of Molina Healthcare stock. The shares were sold at an average price of $71.45, for a total value of $17,862.50.
  • On Wednesday, May 31st, Ronna Romney sold 250 shares of Molina Healthcare stock. The shares were sold at an average price of $63.26, for a total value of $15,815.00.

Molina Healthcare Inc (NYSE:MOH) traded up 0.90% during midday trading on Friday, hitting $58.05. 1,541,262 shares of the stock traded hands. The company’s market cap is $3.32 billion. Molina Healthcare Inc has a one year low of $42.56 and a one year high of $72.79. The company’s 50 day moving average is $67.67 and its 200-day moving average is $58.93.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by $0.87. Molina Healthcare had a positive return on equity of 16.10% and a negative net margin of 1.07%. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $4.88 billion. During the same quarter last year, the firm earned $0.67 earnings per share. The company’s revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts forecast that Molina Healthcare Inc will post ($2.96) EPS for the current fiscal year.

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MOH has been the topic of several research reports. Zacks Investment Research raised Molina Healthcare from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Thursday, May 4th. ValuEngine downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. TheStreet raised Molina Healthcare from a “c” rating to a “b” rating in a research report on Tuesday, May 2nd. Bank of America Corporation upped their target price on Molina Healthcare from $59.00 to $60.00 and gave the company an “underperform” rating in a research report on Friday, July 14th. Finally, BidaskClub lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $62.18.

A number of hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. increased its stake in Molina Healthcare by 1,821.5% in the first quarter. Point72 Asset Management L.P. now owns 599,500 shares of the company’s stock worth $27,337,000 after buying an additional 568,300 shares in the last quarter. Acadian Asset Management LLC increased its stake in Molina Healthcare by 6,812.6% in the second quarter. Acadian Asset Management LLC now owns 415,587 shares of the company’s stock worth $28,748,000 after buying an additional 409,575 shares in the last quarter. Redmile Group LLC increased its stake in Molina Healthcare by 42.7% in the first quarter. Redmile Group LLC now owns 1,149,727 shares of the company’s stock worth $52,428,000 after buying an additional 344,181 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Molina Healthcare by 12.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,488,977 shares of the company’s stock worth $113,498,000 after buying an additional 282,144 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Molina Healthcare by 20.0% in the first quarter. Victory Capital Management Inc. now owns 1,583,018 shares of the company’s stock worth $72,186,000 after buying an additional 263,892 shares in the last quarter. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

About Molina Healthcare

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.

Insider Buying and Selling by Quarter for Molina Healthcare (NYSE:MOH)

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