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

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

Molina Healthcare Price Performance

MOH stock traded up $3.19 during midday trading on Tuesday, reaching $306.03. 987,957 shares of the company’s stock traded hands, compared to its average volume of 762,198. The company has a 50-day simple moving average of $293.43 and a two-hundred day simple moving average of $312.27. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $423.92. The company has a market cap of $16.98 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 1.06 and a beta of 0.54. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing analysts’ consensus estimates 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, analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

MOH has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Barclays reduced their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Truist Financial reduced their price objective 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. Mizuho reduced their price objective on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Wells Fargo & Company raised their price objective on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Molina Healthcare has an average rating of “Hold” and a consensus target price of $354.92.

Institutional Investors Weigh In On Molina Healthcare

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Sector Pension Investment Board increased its stake in shares of Molina Healthcare by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock valued at $871,000 after buying an additional 300 shares during the period. Tributary Capital Management LLC increased its stake in shares of Molina Healthcare by 76.1% in the 4th quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock valued at $1,219,000 after buying an additional 1,811 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Molina Healthcare in the 4th quarter valued at $544,000. SYM FINANCIAL Corp acquired a new stake in shares of Molina Healthcare in the 4th quarter valued at $249,000. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Molina Healthcare in the 3rd quarter valued at $2,947,000. 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.