Molina Healthcare Inc (NYSE:MOH) insider Jeff D. Barlow sold 5,224 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of $67.40, for a total transaction of $352,097.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Molina Healthcare Inc (MOH) traded down 0.47% during mid-day trading on Thursday, reaching $63.28. 226,868 shares of the company’s stock were exchanged. Molina Healthcare Inc has a 52-week low of $42.56 and a 52-week high of $72.79. The stock’s 50-day moving average is $65.07 and its 200-day moving average is $62.80. The stock’s market cap is $3.61 billion.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ 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 company 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. Molina Healthcare’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities analysts expect that Molina Healthcare Inc will post ($2.70) EPS for the current year.
COPYRIGHT VIOLATION WARNING: This story was published by Markets Daily and is the property of of Markets Daily. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.themarketsdaily.com/2017/10/12/molina-healthcare-inc-moh-insider-jeff-d-barlow-sells-5224-shares-of-stock.html.
Large investors have recently added to or reduced their stakes in the business. LS Investment Advisors LLC increased its holdings in shares of Molina Healthcare by 40.9% in the second quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock valued at $127,000 after purchasing an additional 531 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Molina Healthcare in the second quarter valued at $136,000. Riverhead Capital Management LLC increased its holdings in shares of Molina Healthcare by 64.2% in the second quarter. Riverhead Capital Management LLC now owns 2,463 shares of the company’s stock valued at $170,000 after purchasing an additional 963 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Molina Healthcare by 478.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,316 shares of the company’s stock valued at $229,000 after purchasing an additional 2,743 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Molina Healthcare in the second quarter valued at $241,000. Hedge funds and other institutional investors own 96.04% of the company’s stock.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Deutsche Bank AG reiterated a “hold” rating and issued a $72.00 target price on shares of Molina Healthcare in a research note on Wednesday, August 9th. TheStreet lowered shares of Molina Healthcare from a “b” rating to a “c” rating in a research note on Monday, August 7th. BidaskClub lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Mitsubishi UFJ Financial Group began coverage on shares of Molina Healthcare in a research note on Thursday, September 21st. They issued a “neutral” rating and a $70.00 target price on the stock. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $62.25.
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.
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.