Molina Healthcare, Inc. (NYSE:MOH) Director Sells $214,414.50 in Stock

Molina Healthcare, Inc. (NYSE:MOH) Director Richard M. Schapiro sold 669 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total value of $214,414.50. Following the completion of the transaction, the director now directly owns 11,244 shares in the company, valued at approximately $3,603,702. This represents a 5.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Molina Healthcare Stock Performance

Shares of NYSE:MOH opened at $318.04 on Friday. The stock has a market capitalization of $17.24 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. The business’s fifty day moving average price is $322.25 and its two-hundred day moving average price is $307.17. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $365.23. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, topping the consensus estimate of $5.96 by $0.12. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The business had revenue of $11.15 billion for the quarter, compared to analyst estimates of $10.86 billion. During the same quarter in the prior year, the firm earned $5.73 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, analysts predict that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Analyst Ratings Changes

MOH has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Mizuho boosted their price objective on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, April 9th. Sanford C. Bernstein initiated coverage on shares of Molina Healthcare in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $414.00 price objective for the company. Baird R W downgraded Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $365.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MOH. Parcion Private Wealth LLC acquired a new stake in Molina Healthcare during the 1st quarter valued at $226,000. Victory Capital Management Inc. increased its stake in shares of Molina Healthcare by 13.5% in the first quarter. Victory Capital Management Inc. now owns 160,192 shares of the company’s stock valued at $52,766,000 after buying an additional 19,008 shares in the last quarter. Bridgewater Advisors Inc. bought a new position in shares of Molina Healthcare in the first quarter valued at about $209,000. Wealthfront Advisers LLC lifted its position in Molina Healthcare by 168.2% during the 1st quarter. Wealthfront Advisers LLC now owns 35,980 shares of the company’s stock worth $11,851,000 after buying an additional 22,565 shares in the last quarter. Finally, Hohimer Wealth Management LLC grew its holdings in Molina Healthcare by 556.2% during the 1st quarter. Hohimer Wealth Management LLC now owns 18,171 shares of the company’s stock worth $5,985,000 after acquiring an additional 15,402 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

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.