Insider Selling: Molina Healthcare, Inc. (NYSE:MOH) Director Sells 1,000 Shares of Stock

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

Molina Healthcare Stock Up 1.1 %

NYSE:MOH traded up $3.19 during trading hours on Tuesday, hitting $306.03. 987,957 shares of the company’s stock traded hands, compared to its average volume of 762,198. The firm has a market cap of $16.98 billion, a P/E ratio of 14.98, a P/E/G ratio of 1.06 and a beta of 0.54. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92. 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 stock’s fifty day moving average price is $293.43 and its two-hundred day moving average price is $312.27.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MOH shares. Truist Financial reduced their price target on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Wells Fargo & Company upped their price objective on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Stephens restated an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. UBS Group cut their price objective on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Finally, StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $354.92.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MOH. Norges Bank acquired a new position in Molina Healthcare in the 4th quarter worth about $134,675,000. FMR LLC increased its position in Molina Healthcare by 31.1% in the 4th quarter. FMR LLC now owns 1,801,113 shares of the company’s stock worth $524,214,000 after purchasing an additional 427,276 shares during the last quarter. Voloridge Investment Management LLC increased its holdings in shares of Molina Healthcare by 1,641.3% during the 4th quarter. Voloridge Investment Management LLC now owns 409,807 shares of the company’s stock valued at $119,274,000 after acquiring an additional 386,273 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Molina Healthcare by 28.5% during the 4th quarter. Invesco Ltd. now owns 1,327,021 shares of the company’s stock valued at $386,229,000 after acquiring an additional 294,180 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Molina Healthcare by 7.4% during the 4th quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock valued at $766,111,000 after acquiring an additional 181,073 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

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.