Molina Healthcare, Inc. (NYSE:MOH) Insider Sells $3,390,750.00 in Stock

Molina Healthcare, Inc. (NYSE:MOH) insider William Dentino sold 45,000 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $75.35, for a total transaction of $3,390,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

William Dentino also recently made the following trade(s):

  • On Wednesday, November 15th, William Dentino sold 67,500 shares of Molina Healthcare stock. The shares were sold at an average price of $77.15, for a total transaction of $5,207,625.00.
  • On Monday, October 16th, William Dentino sold 67,500 shares of Molina Healthcare stock. The shares were sold at an average price of $61.49, for a total transaction of $4,150,575.00.
  • On Wednesday, October 11th, William Dentino sold 22,500 shares of Molina Healthcare stock. The shares were sold at an average price of $63.96, for a total transaction of $1,439,100.00.
  • On Friday, September 8th, William Dentino sold 2,000 shares of Molina Healthcare stock. The shares were sold at an average price of $65.08, for a total transaction of $130,160.00.
  • On Thursday, September 7th, William Dentino sold 66,000 shares of Molina Healthcare stock. The shares were sold at an average price of $64.87, for a total transaction of $4,281,420.00.

Shares of Molina Healthcare, Inc. (NYSE MOH) traded up $0.17 on Thursday, reaching $74.46. 2,632,463 shares of the company were exchanged, compared to its average volume of 1,259,688. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. The company has a market cap of $4,368.26, a price-to-earnings ratio of 23.76 and a beta of 0.97. Molina Healthcare, Inc. has a one year low of $42.56 and a one year high of $80.74.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Thursday, November 2nd. The company reported ($1.62) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($1.85). The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.95 billion. Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.76%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. equities analysts predict that Molina Healthcare, Inc. will post -3.88 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zions Bancorporation purchased a new position in Molina Healthcare during the 3rd quarter valued at about $118,000. LS Investment Advisors LLC grew its position in shares of Molina Healthcare by 40.9% in the 2nd 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. Tiedemann Wealth Management LLC grew its position in shares of Molina Healthcare by 7.8% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock worth $135,000 after buying an additional 103,775 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Molina Healthcare in the 2nd quarter worth approximately $136,000. Finally, Riverhead Capital Management LLC grew its position in shares of Molina Healthcare by 64.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,463 shares of the company’s stock worth $170,000 after buying an additional 963 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

MOH has been the subject of several research reports. Jefferies Group increased their price objective on shares of Molina Healthcare from $64.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Deutsche Bank restated a “hold” rating and issued a $72.00 target price on shares of Molina Healthcare in a report on Wednesday, August 9th. Wolfe Research upgraded shares of Molina Healthcare from a “market perform” rating to an “outperform” rating in a report on Monday, October 23rd. Finally, Morgan Stanley raised their target price on shares of Molina Healthcare from $68.00 to $89.00 and gave the stock an “overweight” rating in a report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $64.30.

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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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