Molina Healthcare, Inc. (NYSE:MOH) Director Ronna Romney Sells 250 Shares

Molina Healthcare, Inc. (NYSE:MOH) Director Ronna Romney sold 250 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $343.27, for a total value of $85,817.50. Following the completion of the sale, the director now directly owns 16,945 shares of the company’s stock, valued at approximately $5,816,710.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Molina Healthcare Stock Up 0.9 %

NYSE:MOH traded up $3.08 on Wednesday, hitting $345.40. The stock had a trading volume of 318,798 shares, compared to its average volume of 393,434. The business’s fifty day moving average is $372.82 and its 200 day moving average is $372.73. The company has a market cap of $20.24 billion, a PE ratio of 18.57, a P/E/G ratio of 1.05 and a beta of 0.54. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 52 week low of $266.35 and a 52 week high of $423.92.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, beating analysts’ consensus estimates of $5.46 by $0.27. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.45 billion. During the same quarter last year, the company earned $5.81 earnings per share. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, equities research analysts expect that Molina Healthcare, Inc. will post 23.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays decreased their price target on Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, April 4th. Truist Financial raised their target price on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. StockNews.com cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Finally, Bank of America cut Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 target price for the company. in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $404.90.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MOH. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Molina Healthcare in the third quarter worth $30,000. McIlrath & Eck LLC purchased a new stake in Molina Healthcare in the fourth quarter worth $34,000. VisionPoint Advisory Group LLC increased its position in Molina Healthcare by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock worth $36,000 after buying an additional 57 shares during the last quarter. Raleigh Capital Management Inc. increased its position in Molina Healthcare by 40.4% in the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock worth $41,000 after buying an additional 36 shares during the last quarter. Finally, Principal Securities Inc. purchased a new stake in Molina Healthcare in the fourth quarter worth $42,000. Institutional investors own 98.50% of the company’s stock.

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.