Insider Selling: Molina Healthcare, Inc. (NYSE:MOH) Director Sells 1,000 Shares of Stock

Molina Healthcare, Inc. (NYSE:MOH) Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total value of $339,210.00. Following the sale, the director now owns 18,025 shares in the company, valued at approximately $6,114,260.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Molina Healthcare Stock Performance

MOH traded up $17.76 during trading on Tuesday, hitting $350.73. The stock had a trading volume of 1,107,069 shares, compared to its average volume of 491,397. Molina Healthcare, Inc. has a one year low of $282.96 and a one year high of $423.92. The firm has a market cap of $20.55 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 1.10 and a beta of 0.58. The company has a 50 day moving average price of $306.74 and a 200-day moving average price of $352.62. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, topping analysts’ consensus estimates of $5.73 by $0.13. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The business had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same period last year, the firm earned $5.65 earnings per share. Molina Healthcare’s revenue for the quarter was up 18.7% compared to the same quarter last year. As a group, research analysts predict that Molina Healthcare, Inc. will post 23.16 EPS for the current year.

Institutional Investors Weigh In On Molina Healthcare

Institutional investors have recently made changes to their positions in the stock. BlackBarn Capital Partners LP acquired a new position in shares of Molina Healthcare during the fourth quarter worth $15,139,000. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Molina Healthcare by 69.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,809 shares of the company’s stock valued at $4,851,000 after buying an additional 4,840 shares during the last quarter. Overbrook Management Corp increased its stake in shares of Molina Healthcare by 1.1% in the fourth quarter. Overbrook Management Corp now owns 36,908 shares of the company’s stock valued at $13,335,000 after buying an additional 391 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Molina Healthcare by 76.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 27,301 shares of the company’s stock worth $9,864,000 after purchasing an additional 11,820 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Molina Healthcare by 5.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,208 shares of the company’s stock worth $1,159,000 after buying an additional 167 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MOH shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research note on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating for the company in a research report on Monday. Wells Fargo & Company decreased their price objective on shares of Molina Healthcare from $375.00 to $315.00 and set an “equal weight” rating for the company in a research report on Monday, July 22nd. TD Cowen dropped their price objective on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Stephens restated an “equal weight” rating and issued a $320.00 price objective on shares of Molina Healthcare in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Molina Healthcare has an average rating of “Moderate Buy” and an average price target of $374.25.

About Molina Healthcare

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.