Molina Healthcare, Inc. (NYSE:MOH) Director John C. Molina sold 20,741 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $72.36, for a total value of $1,500,818.76. Following the completion of the sale, the director now directly owns 393,410 shares of the company’s stock, valued at approximately $28,467,147.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
John C. Molina also recently made the following trade(s):
- On Thursday, January 18th, John C. Molina sold 16,226 shares of Molina Healthcare stock. The stock was sold at an average price of $92.49, for a total value of $1,500,742.74.
- On Monday, December 18th, John C. Molina sold 19,885 shares of Molina Healthcare stock. The stock was sold at an average price of $75.47, for a total value of $1,500,720.95.
Molina Healthcare, Inc. (MOH) traded up $0.42 during trading on Thursday, hitting $71.56. The stock had a trading volume of 799,549 shares, compared to its average volume of 1,419,657. Molina Healthcare, Inc. has a twelve month low of $42.56 and a twelve month high of $93.98. The company has a quick ratio of 1.29, a current ratio of 1.35 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $4,120.00, a price-to-earnings ratio of -8.86, a PEG ratio of 1.27 and a beta of 1.10.
Institutional investors and hedge funds have recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. bought a new position in Molina Healthcare during the fourth quarter valued at about $100,000. Zions Bancorporation bought a new position in Molina Healthcare during the third quarter valued at about $118,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Molina Healthcare by 40.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,404 shares of the company’s stock valued at $184,000 after acquiring an additional 690 shares during the period. Connable Office Inc. bought a new position in Molina Healthcare during the fourth quarter valued at about $203,000. Finally, First Quadrant L P CA increased its stake in Molina Healthcare by 1,030.6% during the third quarter. First Quadrant L P CA now owns 3,618 shares of the company’s stock valued at $249,000 after acquiring an additional 3,298 shares during the period. Hedge funds and other institutional investors own 96.22% of the company’s stock.
MOH has been the subject of a number of analyst reports. Zacks Investment Research raised Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $88.00 price target for the company in a research report on Tuesday, January 2nd. Goldman Sachs Group began coverage on Molina Healthcare in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $83.00 price objective on the stock. Morgan Stanley lifted their price objective on Molina Healthcare from $68.00 to $89.00 and gave the stock an “overweight” rating in a research note on Friday, November 3rd. JPMorgan Chase & Co. upgraded Molina Healthcare from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 16th. Finally, Raymond James Financial reiterated a “hold” rating on shares of Molina Healthcare in a research note on Friday, December 8th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $73.73.
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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.
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