Molina Healthcare Inc (NYSE:MOH) Insider William Dentino Sells 66,000 Shares

Molina Healthcare Inc (NYSE:MOH) insider William Dentino sold 66,000 shares of Molina Healthcare stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $60.09, for a total value of $3,965,940.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

William Dentino also recently made the following trade(s):

  • On Thursday, July 6th, William Dentino sold 66,000 shares of Molina Healthcare stock. The shares were sold at an average price of $68.68, for a total value of $4,532,880.00.

Molina Healthcare Inc (MOH) traded up 0.20% on Friday, reaching $59.63. The company’s stock had a trading volume of 1,076,980 shares. The firm’s 50-day moving average price is $65.89 and its 200 day moving average price is $58.98. Molina Healthcare Inc has a 52-week low of $42.56 and a 52-week high of $72.79. The company’s market cap is $3.41 billion.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.87. Molina Healthcare had a negative net margin of 1.07% and a positive return on equity of 16.10%. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.88 billion. During the same period in the previous year, the business posted $0.67 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. Equities analysts anticipate that Molina Healthcare Inc will post ($2.96) EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. raised its position in shares of Molina Healthcare by 91.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 62,757 shares of the company’s stock valued at $3,406,000 after buying an additional 30,033 shares during the period. Teachers Advisors LLC raised its position in shares of Molina Healthcare by 34.6% in the fourth quarter. Teachers Advisors LLC now owns 124,489 shares of the company’s stock valued at $6,755,000 after buying an additional 32,018 shares during the period. Capstone Asset Management Co. raised its position in shares of Molina Healthcare by 7.4% in the first quarter. Capstone Asset Management Co. now owns 7,556 shares of the company’s stock valued at $345,000 after buying an additional 520 shares during the period. Verde Servicos Internacionais S.A. purchased a new position in shares of Molina Healthcare during the first quarter valued at $1,741,000. Finally, Alpha Windward LLC raised its position in shares of Molina Healthcare by 11.2% in the first quarter. Alpha Windward LLC now owns 10,686 shares of the company’s stock valued at $487,000 after buying an additional 1,080 shares during the period. 93.17% of the stock is owned by institutional investors and hedge funds.

MOH has been the topic of a number of recent research reports. TheStreet raised Molina Healthcare from a “c” rating to a “b” rating in a research report on Tuesday, May 2nd. ValuEngine raised Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Molina Healthcare from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Thursday, May 4th. BidaskClub lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus lifted their target price on Molina Healthcare from $45.00 to $47.00 and gave the company a “hold” rating in a research report on Wednesday, May 3rd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $62.39.

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.

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

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