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

Key Points

• Director Richard Schapiro sold 782 shares for about $159,481, reducing his stake by 6.2% to 11,833 shares.
• Molina reported quarterly earnings of $0.89 per share, above the $0.79 consensus estimate, and revenue of $11.08 billion, also ahead of expectations; revenue declined 3.4% year over year.
• Analysts have a consensus Hold rating and an average price target of $213.88, with 3 Buy, 13 Hold, and 2 Sell ratings.

Molina Healthcare, Inc (NYSE:MOH - Get Free Report) Director Richard Schapiro sold 782 shares of the business's stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $203.94, for a total value of $159,481.08. Following the completion of the sale, the director owned 11,833 shares in the company, valued at $2,413,222.02. The trade was a 6.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Molina Healthcare Stock Down 0.2%

NYSE:MOH traded down $0.48 during trading hours on Friday, reaching $209.37. 362,848 shares of the stock were exchanged, compared to its average volume of 1,260,886. Molina Healthcare, Inc has a twelve month low of $121.06 and a twelve month high of $244.89. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a 50 day moving average of $202.43 and a 200 day moving average of $185.57. The stock has a market cap of $10.93 billion, a PE ratio of -218.09, a PEG ratio of 12.34 and a beta of 0.75.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The company reported $0.89 earnings per share for the quarter, topping 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 company had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $10.86 billion. During the same period last year, the business earned $1.84 EPS. The business's quarterly revenue was down 3.4% on a year-over-year basis. On average, equities analysts expect that Molina Healthcare, Inc will post 5.30 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MOH. Zacks Research cut shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Molina Healthcare in a research note on Tuesday, October 27th. Morgan Stanley boosted their price target on shares of Molina Healthcare from $167.00 to $192.00 and gave the stock an "equal weight" rating in a research report on Friday, October 23rd. Barclays cut their price target on shares of Molina Healthcare from $180.00 to $178.00 and set an "underweight" rating on the stock in a research report on Friday, October 23rd. Finally, Truist Financial reduced their price objective on shares of Molina Healthcare from $250.00 to $225.00 and set a "hold" rating for the company in a research note on Friday, July 24th. Three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Molina Healthcare currently has a consensus rating of "Hold" and an average target price of $213.88.

Institutional Investors Weigh In On Molina Healthcare

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fortitude Family Office LLC raised its stake in shares of Molina Healthcare by 63.7% during the 3rd quarter. Fortitude Family Office LLC now owns 131 shares of the company's stock worth $25,000 after purchasing an additional 51 shares in the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of Molina Healthcare by 118.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 144 shares of the company's stock valued at $33,000 after buying an additional 78 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Molina Healthcare in the second quarter valued at $39,000. Versant Capital Management Inc grew its stake in shares of Molina Healthcare by 341.6% in the second quarter. Versant Capital Management Inc now owns 340 shares of the company's stock valued at $78,000 after buying an additional 263 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in Molina Healthcare during the second quarter worth $89,000. Institutional investors own 98.50% of the company's stock.

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.

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