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

Molina Healthcare, Inc. (NYSE:MOH) insider William Dentino sold 45,000 shares of Molina Healthcare stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $75.35, for a total transaction of $3,390,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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.

Molina Healthcare, Inc. (NYSE:MOH) opened at $76.51 on Wednesday. The stock has a market cap of $4,423.64, a P/E ratio of 24.06 and a beta of 0.97. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. Molina Healthcare, Inc. has a 52 week low of $42.56 and a 52 week high of $80.74.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Thursday, November 2nd. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($1.85). The business had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.95 billion. Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. research analysts expect that Molina Healthcare, Inc. will post -3.88 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jana Partners LLC boosted its holdings in shares of Molina Healthcare by 52.5% in the third quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock worth $146,139,000 after buying an additional 731,992 shares during the period. Tavio Capital LLC boosted its holdings in shares of Molina Healthcare by 418.0% in the third quarter. Tavio Capital LLC now owns 537,192 shares of the company’s stock worth $36,937,000 after buying an additional 433,485 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Molina Healthcare by 6,812.6% in the second quarter. Acadian Asset Management LLC now owns 415,587 shares of the company’s stock worth $28,748,000 after buying an additional 409,575 shares during the period. Koch Industries Inc. acquired a new position in shares of Molina Healthcare in the second quarter worth about $323,000. Finally, York Capital Management Global Advisors LLC acquired a new position in shares of Molina Healthcare in the second quarter worth about $19,289,000. 96.23% of the stock is currently owned by institutional investors.

Several research firms have commented on MOH. Deutsche Bank reissued a “hold” rating and set a $72.00 target price on shares of Molina Healthcare in a research note on Wednesday, August 9th. Morgan Stanley raised shares of Molina Healthcare from an “underweight” rating to an “overweight” rating and raised their target price for the company from $65.00 to $68.00 in a research note on Thursday, August 17th. Mitsubishi UFJ Financial Group began coverage on shares of Molina Healthcare in a research note on Thursday, September 21st. They set a “neutral” rating and a $70.00 target price on the stock. Zacks Investment Research cut shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, Jefferies Group raised their target price on shares of Molina Healthcare from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, October 13th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $64.30.

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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.

Insider Buying and Selling by Quarter for Molina Healthcare (NYSE:MOH)

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