Steven J. Orlando Sells 1,134 Shares of Molina Healthcare, Inc. (NYSE:MOH) Stock

Molina Healthcare, Inc. (NYSE:MOH) Director Steven J. Orlando sold 1,134 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $325.96, for a total value of $369,638.64. Following the completion of the sale, the director now directly owns 19,299 shares in the company, valued at $6,290,702.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Molina Healthcare Price Performance

MOH stock opened at $336.91 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.61. Molina Healthcare, Inc. has a 52-week low of $256.19 and a 52-week high of $364.91. The stock’s 50 day moving average is $331.13 and its two-hundred day moving average is $307.90. The company has a market capitalization of $19.64 billion, a PE ratio of 21.00, a P/E/G ratio of 1.08 and a beta of 0.63.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $5.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.87 by $0.18. Molina Healthcare had a return on equity of 34.85% and a net margin of 2.80%. The company had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.24 billion. During the same period in the previous year, the business earned $4.36 EPS. Molina Healthcare’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts predict that Molina Healthcare, Inc. will post 20.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MOH. Bank of America raised their price objective on Molina Healthcare from $340.00 to $350.00 in a report on Thursday, July 27th. StockNews.com upgraded Molina Healthcare from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 12th. JPMorgan Chase & Co. cut their price objective on Molina Healthcare from $348.00 to $341.00 in a report on Friday, July 7th. Cantor Fitzgerald restated an “overweight” rating and issued a $359.00 price objective on shares of Molina Healthcare in a report on Thursday, September 14th. Finally, Stephens restated an “equal weight” rating and issued a $350.00 price objective on shares of Molina Healthcare in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $349.38.

Institutional Investors Weigh In On Molina Healthcare

Several hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in shares of Molina Healthcare by 2,950.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the company’s stock worth $33,000 after acquiring an additional 118 shares in the last quarter. ST Germain D J Co. Inc. acquired a new position in shares of Molina Healthcare in the 2nd quarter worth approximately $33,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Molina Healthcare in the 4th quarter worth approximately $34,000. Brown Brothers Harriman & Co. acquired a new position in shares of Molina Healthcare in the 1st quarter worth approximately $40,000. Finally, Parkside Financial Bank & Trust grew its position in shares of Molina Healthcare by 85.9% in the 1st quarter. Parkside Financial Bank & Trust now owns 132 shares of the company’s stock worth $44,000 after acquiring an additional 61 shares in the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Company Profile

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.