John C. Molina Sells 19,885 Shares of Molina Healthcare, Inc. (MOH) Stock

Molina Healthcare, Inc. (NYSE:MOH) Director John C. Molina sold 19,885 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $75.47, for a total transaction of $1,500,720.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Molina Healthcare, Inc. (NYSE MOH) opened at $75.28 on Friday. The firm has a market cap of $4,368.26, a PE ratio of 23.76 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 fifty-two week low of $42.56 and a fifty-two 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 for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($1.85). The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.95 billion. Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. Molina Healthcare’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 EPS. equities analysts expect that Molina Healthcare, Inc. will post -3.88 EPS for the current year.

Several equities analysts have recently commented on the stock. ValuEngine raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. BMO Capital Markets began coverage on shares of Molina Healthcare in a research note on Monday, October 16th. They issued a “market perform” rating and a $70.00 price target for the company. Mitsubishi UFJ Financial Group began coverage on shares of Molina Healthcare in a research note on Thursday, September 21st. They issued a “neutral” rating and a $70.00 price target for the company. Raymond James Financial reissued a “hold” rating on shares of Molina Healthcare in a research note on Friday, December 8th. Finally, Zacks Investment Research raised shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. Molina Healthcare presently has an average rating of “Hold” and a consensus target price of $64.25.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jana Partners LLC grew its holdings in 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 purchasing an additional 731,992 shares during the period. Pura Vida Investments LLC purchased a new stake in Molina Healthcare in the third quarter worth about $1,719,000. Sterling Capital Management LLC grew its holdings in Molina Healthcare by 16.4% in the third quarter. Sterling Capital Management LLC now owns 24,946 shares of the company’s stock worth $1,715,000 after purchasing an additional 3,516 shares during the period. Neuberger Berman Group LLC grew its holdings in Molina Healthcare by 23.0% in the third quarter. Neuberger Berman Group LLC now owns 533,021 shares of the company’s stock worth $36,651,000 after purchasing an additional 99,543 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Molina Healthcare by 12.7% in the third quarter. California Public Employees Retirement System now owns 79,204 shares of the company’s stock worth $5,446,000 after purchasing an additional 8,904 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

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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.

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