Molina Healthcare, Inc. (NYSE:MOH) Director Steven J. Orlando Sells 1,000 Shares

Molina Healthcare, Inc. (NYSE:MOH) Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now directly owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Molina Healthcare Price Performance

NYSE:MOH opened at $306.03 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The company has a 50-day moving average of $293.43 and a 200-day moving average of $312.27. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $423.92. The company has a market capitalization of $16.98 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 1.06 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, equities research analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on MOH. UBS Group decreased their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, February 7th. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Stephens reissued an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a research report on Thursday, February 6th. Finally, Truist Financial lowered their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $354.92.

Institutional Trading of Molina Healthcare

Several institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC acquired a new position in Molina Healthcare during the third quarter worth $215,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Molina Healthcare by 9.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,706 shares of the company’s stock worth $932,000 after purchasing an additional 242 shares in the last quarter. Focus Financial Network Inc. increased its position in shares of Molina Healthcare by 10.0% during the 3rd quarter. Focus Financial Network Inc. now owns 750 shares of the company’s stock worth $258,000 after purchasing an additional 68 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Molina Healthcare by 43.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 409 shares of the company’s stock valued at $141,000 after purchasing an additional 123 shares during the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new position in Molina Healthcare in the third quarter valued at about $414,000. Institutional investors and hedge funds 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.