Molina Healthcare (NYSE:MOH) Director Richard Schapiro Sells 782 Shares of Stock

Molina Healthcare, Inc (NYSE:MOH) Director Richard Schapiro sold 782 shares of the business’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $203.94, for a total transaction of $159,481.08. Following the transaction, the director owned 11,833 shares in the company, valued at $2,413,222.02. This represents a 6.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Molina Healthcare Stock Performance

Shares of MOH stock traded down $0.48 on Friday, reaching $209.37. The stock had a trading volume of 362,848 shares, compared to its average volume of 1,260,886. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.95. The firm’s 50-day moving average is $202.43 and its two-hundred day moving average is $185.57. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of -218.09, a P/E/G ratio of 12.34 and a beta of 0.75. Molina Healthcare, Inc has a 12 month low of $121.06 and a 12 month high of $244.89.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, October 21st. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10. Molina Healthcare had a negative net margin of 0.11% and a positive return on equity of 2.50%. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $10.86 billion. During the same period last year, the business posted $1.84 EPS. Molina Healthcare’s revenue was down 3.4% on a year-over-year basis. On average, research analysts expect that Molina Healthcare, Inc will post 5.30 EPS for the current fiscal year.

Institutional Trading of Molina Healthcare

Several hedge funds and other institutional investors have recently modified their holdings of MOH. BlackRock Inc. bought a new position in Molina Healthcare in the 2nd quarter valued at about $1,503,052,000. Dimensional Fund Advisors LP lifted its position in Molina Healthcare by 23.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,394,882 shares of the company’s stock worth $185,929,000 after acquiring an additional 267,121 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Molina Healthcare by 11.9% during the second quarter. Wellington Management Group LLP now owns 1,267,207 shares of the company’s stock worth $289,810,000 after acquiring an additional 135,247 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of Molina Healthcare during the second quarter worth approximately $152,339,000. Finally, Maverick Capital Ltd. bought a new stake in shares of Molina Healthcare during the first quarter worth approximately $86,081,000. Institutional investors own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Zacks Research lowered Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Wall Street Zen upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Morgan Stanley boosted their target price on Molina Healthcare from $167.00 to $192.00 and gave the stock an “equal weight” rating in a report on Friday, October 23rd. JPMorgan Chase & Co. increased their price target on Molina Healthcare from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, October 27th. Finally, Truist Financial dropped their price target on Molina Healthcare from $250.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Molina Healthcare presently has an average rating of “Hold” and an average price target of $213.88.

Molina Healthcare Company Profile

Molina Healthcare, Inc. is a managed care company that provides health insurance plans primarily to people covered by government-sponsored programs. Its offerings include Medicaid plans, Medicare plans for eligible individuals and dual-eligible members, and health plans sold through government marketplaces under the Affordable Care Act. The company was founded in 1980 by physician C. David Molina in Long Beach, California, initially serving low-income families through community clinics. It later shifted its focus to providing managed health care, with Medicaid becoming a central part of its business.