Molina Healthcare Inc (NYSE:MOH) – Equities research analysts at Jefferies Group lowered their Q3 2017 earnings per share estimates for Molina Healthcare in a research note issued to investors on Wednesday. Jefferies Group analyst D. Windley now forecasts that the company will earn ($0.34) per share for the quarter, down from their prior estimate of $0.41. Jefferies Group currently has a “Hold” rating and a $72.00 target price on the stock. Jefferies Group also issued estimates for Molina Healthcare’s Q4 2017 earnings at ($0.30) EPS and FY2018 earnings at $2.91 EPS.
Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by $0.87. The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.88 billion. Molina Healthcare had a negative net margin of 1.07% and a positive return on equity of 16.10%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.67 EPS.
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Molina Healthcare (MOH) opened at 58.60 on Monday. Molina Healthcare has a 12 month low of $42.56 and a 12 month high of $72.79. The company’s market cap is $3.29 billion. The firm has a 50-day moving average price of $69.33 and a 200 day moving average price of $58.95.
In related news, Director John C. Molina sold 21,277 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $70.53, for a total transaction of $1,500,666.81. Following the completion of the transaction, the director now directly owns 611,154 shares of the company’s stock, valued at approximately $43,104,691.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William Dentino sold 66,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $60.09, for a total value of $3,965,940.00. The disclosure for this sale can be found here. Insiders have sold a total of 253,134 shares of company stock valued at $16,745,242 over the last three months. 6.20% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Molina Healthcare by 5.0% in the first quarter. Vanguard Group Inc. now owns 3,553,229 shares of the company’s stock valued at $162,028,000 after buying an additional 170,294 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Molina Healthcare by 12.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,488,977 shares of the company’s stock valued at $113,498,000 after buying an additional 282,144 shares during the last quarter. Alliancebernstein L.P. boosted its position in Molina Healthcare by 1.7% in the first quarter. Alliancebernstein L.P. now owns 1,908,612 shares of the company’s stock valued at $87,033,000 after buying an additional 31,548 shares during the last quarter. Victory Capital Management Inc. boosted its position in Molina Healthcare by 20.0% in the first quarter. Victory Capital Management Inc. now owns 1,583,018 shares of the company’s stock valued at $72,186,000 after buying an additional 263,892 shares during the last quarter. Finally, Tiedemann Wealth Management LLC boosted its position in Molina Healthcare by 3.1% in the first quarter. Tiedemann Wealth Management LLC now owns 1,408,414 shares of the company’s stock valued at $64,224,000 after buying an additional 42,301 shares during the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.
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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