Molina Healthcare (NYSE:MOH) Director Sells 1,600 Shares of Stock

Molina Healthcare, Inc (NYSE:MOH) Director Dale Wolf sold 1,600 shares of the company’s stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $206.12, for a total transaction of $329,792.00. Following the sale, the director directly owned 14,337 shares of the company’s stock, valued at $2,955,142.44. The trade was a 10.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Molina Healthcare Stock Performance

Shares of NYSE:MOH traded down $0.48 during trading on Friday, hitting $209.37. The company’s stock had a trading volume of 362,848 shares, compared to its average volume of 1,260,886. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market cap of $10.93 billion, a price-to-earnings ratio of -218.09, a P/E/G ratio of 12.34 and a beta of 0.75. The company has a 50-day moving average of $202.43 and a 200-day moving average of $185.57. Molina Healthcare, Inc has a 12 month low of $121.06 and a 12 month high of $244.89.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, October 21st. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $10.86 billion. Molina Healthcare had a negative net margin of 0.11% and a positive return on equity of 2.50%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.84 earnings per share. On average, sell-side analysts expect that Molina Healthcare, Inc will post 5.30 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MOH. Jefferies Financial Group reiterated a “hold” rating and set a $220.00 price target on shares of Molina Healthcare in a research note on Friday, October 23rd. Mizuho set a $255.00 price objective on shares of Molina Healthcare in a research report on Friday, October 23rd. Wall Street Zen upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Deutsche Bank reaffirmed a “hold” rating and issued a $163.00 target price on shares of Molina Healthcare in a report on Monday, October 26th. Finally, Wells Fargo & Company decreased their target price on Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $213.88.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Molina Healthcare during the 2nd quarter worth approximately $1,503,052,000. Manning & Napier Advisors LLC purchased a new position in Molina Healthcare during the second quarter valued at approximately $152,339,000. Maverick Capital Ltd. bought a new position in shares of Molina Healthcare in the first quarter worth approximately $86,081,000. Bank of New York Mellon Corp bought a new position in shares of Molina Healthcare in the second quarter worth approximately $86,138,000. Finally, Bank of America Corp DE bought a new position in shares of Molina Healthcare in the second quarter worth approximately $71,480,000. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Company Profile

Molina Healthcare, Inc. is a managed care company that provides health insurance plans primarily to people covered by government-sponsored programs. Its offerings include Medicaid plans, Medicare plans for eligible individuals and dual-eligible members, and health plans sold through government marketplaces under the Affordable Care Act. The company was founded in 1980 by physician C. David Molina in Long Beach, California, initially serving low-income families through community clinics. It later shifted its focus to providing managed health care, with Medicaid becoming a central part of its business.