Molina Healthcare, Inc. (NYSE:MOH - Get Free Report) Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now owns 17,375 shares in the company, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Molina Healthcare Trading Up 1.1 %
NYSE MOH opened at $306.03 on Wednesday. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $423.92. The stock has a 50-day simple moving average of $293.43 and a 200 day simple moving average of $312.27. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $16.98 billion, a PE ratio of 14.98, a P/E/G ratio of 1.06 and a beta of 0.54.
Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts' consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. Research analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current year.
Institutional Investors Weigh In On Molina Healthcare
Hedge funds have recently bought and sold shares of the company. Siemens Fonds Invest GmbH grew its holdings in shares of Molina Healthcare by 12.5% in the 4th quarter. Siemens Fonds Invest GmbH now owns 2,048 shares of the company's stock valued at $596,000 after buying an additional 227 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Molina Healthcare during the fourth quarter worth about $16,094,000. Jefferies Financial Group Inc. grew its stake in Molina Healthcare by 213.6% in the fourth quarter. Jefferies Financial Group Inc. now owns 31,276 shares of the company's stock valued at $9,103,000 after acquiring an additional 21,303 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Molina Healthcare by 38.4% in the fourth quarter. Mackenzie Financial Corp now owns 7,807 shares of the company's stock worth $2,272,000 after acquiring an additional 2,168 shares in the last quarter. Finally, Forum Financial Management LP raised its position in shares of Molina Healthcare by 12.4% during the fourth quarter. Forum Financial Management LP now owns 986 shares of the company's stock worth $287,000 after purchasing an additional 109 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have commented on MOH. Barclays decreased their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Truist Financial reduced their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Mizuho lowered their price target on shares of Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating for the company in a report on Monday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Finally, Stephens reissued an "equal weight" rating and issued a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Molina Healthcare presently has a consensus rating of "Hold" and an average price target of $354.92.
View Our Latest Report on Molina Healthcare
About Molina Healthcare
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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.
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