Molina Healthcare Inc (MOH) Insider Jeff D. Barlow Sells 5,224 Shares of Stock

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.

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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.

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

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