Molina Healthcare Inc (MOH) Insider William Dentino Sells 2,000 Shares of Stock

Molina Healthcare Inc (NYSE:MOH) insider William Dentino sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $65.08, for a total transaction of $130,160.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

William Dentino also recently made the following trade(s):

  • On Thursday, September 7th, William Dentino sold 66,000 shares of Molina Healthcare stock. The shares were sold at an average price of $64.87, for a total transaction of $4,281,420.00.
  • On Monday, August 7th, William Dentino sold 66,000 shares of Molina Healthcare stock. The shares were sold at an average price of $60.09, for a total transaction of $3,965,940.00.
  • On Thursday, July 6th, William Dentino sold 66,000 shares of Molina Healthcare stock. The shares were sold at an average price of $68.68, for a total transaction of $4,532,880.00.

Molina Healthcare Inc (MOH) opened at 65.88 on Tuesday. The stock’s market capitalization is $3.76 billion. The company’s 50-day moving average is $62.78 and its 200 day moving average is $59.80. Molina Healthcare Inc has a 1-year low of $42.56 and a 1-year high of $72.79.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, August 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by $0.87. Molina Healthcare had a negative net margin of 1.07% and a positive return on equity of 16.10%. The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $4.88 billion. During the same quarter in the prior year, the firm earned $0.67 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities analysts predict that Molina Healthcare Inc will post ($2.96) earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Molina Healthcare Inc (MOH) Insider William Dentino Sells 2,000 Shares of Stock” was first published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.themarketsdaily.com/2017/09/12/molina-healthcare-inc-moh-insider-william-dentino-sells-2000-shares-of-stock.html.

A number of analysts have commented on MOH shares. ValuEngine raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. TheStreet cut shares of Molina Healthcare from a “b” rating to a “c” rating in a report on Monday, August 7th. Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 target price on shares of Molina Healthcare in a report on Thursday, June 8th. Finally, Zacks Investment Research cut shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a report on Monday, May 15th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Molina Healthcare currently has a consensus rating of “Hold” and a consensus target price of $62.39.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Koch Industries Inc. purchased a new stake in Molina Healthcare in the 2nd quarter worth $323,000. Sterling Capital Management LLC increased its holdings in Molina Healthcare by 7.8% in the 2nd quarter. Sterling Capital Management LLC now owns 21,430 shares of the company’s stock worth $1,483,000 after acquiring an additional 1,546 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Molina Healthcare by 2.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,659 shares of the company’s stock worth $1,152,000 after acquiring an additional 364 shares in the last quarter. Bank of Nova Scotia increased its holdings in Molina Healthcare by 58.1% in the 2nd quarter. Bank of Nova Scotia now owns 248,764 shares of the company’s stock worth $17,209,000 after acquiring an additional 91,464 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Molina Healthcare by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,490 shares of the company’s stock worth $6,607,000 after acquiring an additional 1,652 shares in the last quarter. 96.04% of the stock is owned by institutional investors.

About Molina Healthcare

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.

Insider Buying and Selling by Quarter for Molina Healthcare (NYSE:MOH)

Receive News & Ratings for Molina Healthcare Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply