Molina Healthcare, Inc. (NYSE:MOH - Get Free Report) Director Ronna Romney sold 250 shares of the firm's stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $343.27, for a total value of $85,817.50. Following the completion of the sale, the director now directly owns 16,945 shares in the company, valued at approximately $5,816,710.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Molina Healthcare Price Performance
Molina Healthcare stock opened at $345.40 on Thursday. The business has a 50 day simple moving average of $371.63 and a 200 day simple moving average of $372.54. Molina Healthcare, Inc. has a one year low of $266.35 and a one year high of $423.92. The company has a market capitalization of $20.24 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.49.
Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.46 by $0.27. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The company had revenue of $9.93 billion during the quarter, compared to analysts' expectations of $9.45 billion. During the same period last year, the business earned $5.81 earnings per share. The business's revenue was up 21.9% on a year-over-year basis. On average, sell-side analysts forecast that Molina Healthcare, Inc. will post 23.57 EPS for the current fiscal year.
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Several equities research analysts have recently issued reports on MOH shares. Truist Financial raised their price objective on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a "buy" rating in a research note on Tuesday, February 20th. Cantor Fitzgerald restated an "overweight" rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, April 4th. Barclays reduced their target price on shares of Molina Healthcare from $437.00 to $430.00 and set an "equal weight" rating for the company in a research note on Thursday, April 25th. Stephens restated an "equal weight" rating and set a $390.00 price target on shares of Molina Healthcare in a research note on Thursday, April 25th. Finally, StockNews.com cut Molina Healthcare from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $404.90.
Check Out Our Latest Research Report on MOH
Hedge Funds Weigh In On Molina Healthcare
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MOH. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Molina Healthcare in the 3rd quarter worth approximately $30,000. McIlrath & Eck LLC bought a new stake in shares of Molina Healthcare during the fourth quarter worth $34,000. VisionPoint Advisory Group LLC increased its stake in shares of Molina Healthcare by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company's stock valued at $36,000 after buying an additional 57 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of Molina Healthcare by 40.4% in the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company's stock valued at $41,000 after buying an additional 36 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in Molina Healthcare during the 4th quarter worth about $42,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.
Molina Healthcare Company Profile
(
Get Free Report)
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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