James Woys Sells 10,000 Shares of Molina Healthcare, Inc. (NYSE:MOH) Stock

Molina Healthcare, Inc. (NYSE:MOH) COO James Woys sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the completion of the transaction, the chief operating officer now owns 53,613 shares of the company’s stock, valued at $18,504,526.95. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Molina Healthcare Trading Down 2.6 %

NYSE:MOH traded down $8.87 during mid-day trading on Friday, hitting $332.13. 392,773 shares of the company’s stock were exchanged, compared to its average volume of 392,229. Molina Healthcare, Inc. has a fifty-two week low of $266.35 and a fifty-two week high of $423.92. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $19.46 billion, a P/E ratio of 18.50, a PEG ratio of 1.06 and a beta of 0.54. The company has a 50 day simple moving average of $370.31 and a 200-day simple moving average of $372.32.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 EPS for the quarter, topping analysts’ consensus estimates of $5.46 by $0.27. The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.45 billion. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. Molina Healthcare’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.81 earnings per share. As a group, research analysts expect that Molina Healthcare, Inc. will post 23.57 earnings per share for the current year.

Institutional Investors Weigh In On Molina Healthcare

A number of institutional investors have recently made changes to their positions in MOH. Vanguard Group Inc. increased its position in shares of Molina Healthcare by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,585,954 shares of the company’s stock worth $2,379,571,000 after buying an additional 23,715 shares during the period. Capital World Investors grew its holdings in Molina Healthcare by 0.3% during the 4th quarter. Capital World Investors now owns 5,490,147 shares of the company’s stock worth $1,983,645,000 after acquiring an additional 14,775 shares during the period. Wellington Management Group LLP raised its position in shares of Molina Healthcare by 12.8% in the 4th quarter. Wellington Management Group LLP now owns 3,831,100 shares of the company’s stock worth $1,384,215,000 after acquiring an additional 436,060 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Molina Healthcare by 5.4% in the 4th quarter. Capital Research Global Investors now owns 2,430,283 shares of the company’s stock valued at $878,086,000 after purchasing an additional 123,894 shares during the period. Finally, FMR LLC boosted its position in shares of Molina Healthcare by 1.0% during the 3rd quarter. FMR LLC now owns 2,175,796 shares of the company’s stock valued at $713,422,000 after purchasing an additional 22,583 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

MOH has been the subject of several research analyst reports. TD Cowen lowered their price objective on shares of Molina Healthcare from $453.00 to $412.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a report on Thursday, April 4th. Barclays decreased their target price on Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 25th. Wells Fargo & Company dropped their target price on shares of Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating for the company in a report on Monday, April 29th. Finally, StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Molina Healthcare currently has an average rating of “Hold” and a consensus target price of $404.90.

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.