Molina Healthcare, Inc. (NYSE:MOH) Director Richard M. Schapiro Sells 669 Shares

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

Molina Healthcare Stock Up 1.6 %

Shares of Molina Healthcare stock opened at $318.04 on Friday. The company has a market capitalization of $17.24 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The business has a 50-day moving average of $322.25 and a two-hundred day moving average of $307.17. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $365.23.

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

Analyst Ratings Changes

A number of brokerages recently commented on MOH. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, April 11th. Baird R W downgraded shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Barclays raised their price objective on shares of Molina Healthcare from $339.00 to $362.00 and gave the company an “equal weight” rating in a research note on Friday, April 25th. 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 target price for the company. Finally, Truist Financial increased their price target on Molina Healthcare from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $365.38.

Institutional Investors Weigh In On Molina Healthcare

Several institutional investors have recently added to or reduced their stakes in MOH. GAMMA Investing LLC lifted its stake in Molina Healthcare by 74,593.7% in the 1st quarter. GAMMA Investing LLC now owns 667,015 shares of the company’s stock valued at $219,708,000 after acquiring an additional 666,122 shares in the last quarter. Norges Bank acquired a new stake in shares of Molina Healthcare in the fourth quarter valued at about $134,675,000. FMR LLC raised its holdings in Molina Healthcare by 31.1% during the fourth quarter. FMR LLC now owns 1,801,113 shares of the company’s stock worth $524,214,000 after acquiring an additional 427,276 shares in the last quarter. Voloridge Investment Management LLC boosted its position in Molina Healthcare by 1,641.3% during the fourth quarter. Voloridge Investment Management LLC now owns 409,807 shares of the company’s stock valued at $119,274,000 after purchasing an additional 386,273 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Molina Healthcare by 28.5% in the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company’s stock valued at $386,229,000 after purchasing an additional 294,180 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

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.