James Woys Sells 10,000 Shares of Molina Healthcare, Inc. (NYSE:MOH) Stock

Molina Healthcare, Inc. (NYSE:MOH) COO James Woys sold 10,000 shares of Molina Healthcare stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the completion of the transaction, the chief operating officer now directly owns 53,613 shares in the company, valued at $18,504,526.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Molina Healthcare Stock Performance

MOH stock traded down $8.87 during midday trading on Friday, hitting $332.13. 392,775 shares of the stock traded hands, compared to its average volume of 353,778. The stock’s fifty day simple moving average is $368.87 and its 200-day simple moving average is $372.20. Molina Healthcare, Inc. has a 1-year low of $266.35 and a 1-year high of $423.92. The firm has a market cap of $19.46 billion, a P/E ratio of 18.02, a PEG ratio of 1.05 and a beta of 0.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.49.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, topping analysts’ consensus estimates of $5.46 by $0.27. The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.45 billion. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.81 earnings per share. On average, analysts expect that Molina Healthcare, Inc. will post 23.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays dropped their target price on Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. Wells Fargo & Company dropped their price objective on Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating for the company in a research note on Monday, April 29th. StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Truist Financial lifted their price target on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $390.00 target price on shares of Molina Healthcare in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $404.90.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MOH. Raymond James Financial Services Advisors Inc. raised its stake in Molina Healthcare by 59.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,908 shares of the company’s stock valued at $626,000 after acquiring an additional 711 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Molina Healthcare by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 74,056 shares of the company’s stock worth $24,282,000 after acquiring an additional 376 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Molina Healthcare by 2.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 15,481 shares of the company’s stock worth $5,076,000 after purchasing an additional 304 shares during the period. Signaturefd LLC boosted its holdings in Molina Healthcare by 31.4% in the third quarter. Signaturefd LLC now owns 995 shares of the company’s stock valued at $326,000 after acquiring an additional 238 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in Molina Healthcare during the third quarter worth about $350,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

About Molina Healthcare

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.