Ronna Romney Sells 250 Shares of Molina Healthcare, Inc. (MOH) Stock
Molina Healthcare, Inc. (NYSE:MOH) Director Ronna Romney sold 250 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $74.53, for a total value of $18,632.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Ronna Romney also recently made the following trade(s):
- On Tuesday, November 14th, Ronna Romney sold 250 shares of Molina Healthcare stock. The shares were sold at an average price of $77.68, for a total value of $19,420.00.
- 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.
Molina Healthcare, Inc. (NYSE MOH) traded up $1.70 on Friday, reaching $76.27. The company had a trading volume of 1,780,000 shares, compared to its average volume of 1,310,000. Molina Healthcare, Inc. has a 12-month low of $42.56 and a 12-month high of $80.74. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.06. The firm has a market cap of $4,350.00, a price-to-earnings ratio of 23.69 and a beta of 0.97.
Molina Healthcare (NYSE:MOH) last posted its earnings results on Thursday, November 2nd. The company reported ($1.62) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.95 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. research analysts expect that Molina Healthcare, Inc. will post -3.88 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jana Partners LLC lifted its holdings in Molina Healthcare by 52.5% in the 3rd quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock worth $146,139,000 after purchasing an additional 731,992 shares during the last quarter. Pura Vida Investments LLC acquired a new stake in Molina Healthcare in the 3rd quarter worth approximately $1,719,000. Sterling Capital Management LLC lifted its holdings in Molina Healthcare by 16.4% in the 3rd quarter. Sterling Capital Management LLC now owns 24,946 shares of the company’s stock worth $1,715,000 after purchasing an additional 3,516 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in Molina Healthcare by 23.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 533,021 shares of the company’s stock worth $36,651,000 after purchasing an additional 99,543 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Molina Healthcare by 12.7% in the 3rd quarter. California Public Employees Retirement System now owns 79,204 shares of the company’s stock worth $5,446,000 after purchasing an additional 8,904 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.
Several equities research analysts recently commented on MOH shares. ValuEngine raised Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Raymond James Financial reissued a “hold” rating on shares of Molina Healthcare in a research note on Friday, December 8th. Zacks Investment Research raised Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Jefferies Group boosted their price target on Molina Healthcare from $64.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Finally, BMO Capital Markets started coverage on Molina Healthcare in a research note on Monday, October 16th. They issued a “market perform” rating and a $70.00 price target for the company. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Molina Healthcare presently has an average rating of “Hold” and an average price target of $64.25.
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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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