Molina Healthcare (NYSE:MOH) Director Sells 357 Shares

Molina Healthcare, Inc (NYSE:MOH) Director Richard Schapiro sold 357 shares of Molina Healthcare stock in a transaction on Monday, November 24th. The stock was sold at an average price of $143.02, for a total transaction of $51,058.14. Following the completion of the transaction, the director owned 11,352 shares in the company, valued at $1,623,563.04. This trade represents a 3.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Molina Healthcare Stock Performance

MOH stock traded up $3.73 during mid-day trading on Monday, reaching $145.29. 6,927,943 shares of the stock traded hands, compared to its average volume of 1,175,719. The firm has a market capitalization of $7.87 billion, a PE ratio of 9.00 and a beta of 0.55. The business has a 50-day moving average of $172.04 and a two-hundred day moving average of $212.14. Molina Healthcare, Inc has a 52 week low of $133.40 and a 52 week high of $359.97. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.92.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($2.13). Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.The business had revenue of $11.48 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period in the prior year, the firm posted $6.01 EPS. Molina Healthcare’s revenue for the quarter was up 11.0% on a year-over-year basis. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. As a group, equities analysts predict that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on MOH. Wells Fargo & Company reduced their price objective on Molina Healthcare from $231.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, November 12th. Morgan Stanley set a $158.00 target price on shares of Molina Healthcare in a research report on Friday, October 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Molina Healthcare in a report on Wednesday, October 8th. The Goldman Sachs Group decreased their price target on shares of Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft set a $165.00 price objective on shares of Molina Healthcare in a report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $198.93.

Institutional Trading of Molina Healthcare

Several institutional investors have recently made changes to their positions in the business. Whalen Wealth Management Inc. bought a new position in shares of Molina Healthcare during the second quarter valued at $1,597,000. Machina Capital S.A.S. acquired a new stake in shares of Molina Healthcare during the 2nd quarter worth about $2,126,000. Strs Ohio acquired a new stake in shares of Molina Healthcare during the 2nd quarter worth about $1,864,000. Swedbank AB lifted its holdings in Molina Healthcare by 6.8% during the 2nd quarter. Swedbank AB now owns 102,176 shares of the company’s stock valued at $30,438,000 after purchasing an additional 6,484 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Molina Healthcare by 3,192.6% in the first quarter. Acadian Asset Management LLC now owns 5,762 shares of the company’s stock valued at $1,897,000 after buying an additional 5,587 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

About Molina Healthcare

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.