Molina Healthcare, Inc. (NYSE:MOH) CEO Joseph M. Zubretsky Sells 27,276 Shares

Molina Healthcare, Inc. (NYSE:MOHGet Rating) CEO Joseph M. Zubretsky sold 27,276 shares of Molina Healthcare stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $336.56, for a total transaction of $9,180,010.56. Following the completion of the transaction, the chief executive officer now directly owns 255,757 shares in the company, valued at $86,077,575.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Molina Healthcare Stock Down 0.7 %

NYSE:MOH opened at $329.51 on Friday. The company has a market capitalization of $19.14 billion, a PE ratio of 25.66, a P/E/G ratio of 1.14 and a beta of 0.83. The firm’s 50-day moving average price is $328.46 and its 200-day moving average price is $313.61. Molina Healthcare, Inc. has a 1-year low of $249.78 and a 1-year high of $361.25. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.43 and a quick ratio of 1.43.

Molina Healthcare (NYSE:MOHGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.21. The company had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $7.69 billion. Molina Healthcare had a net margin of 2.48% and a return on equity of 32.97%. Molina Healthcare’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.40 EPS. On average, equities analysts predict that Molina Healthcare, Inc. will post 17.66 EPS for the current fiscal year.

Analyst Ratings Changes

MOH has been the topic of a number of research analyst reports. Credit Suisse Group set a $321.00 price objective on shares of Molina Healthcare in a research report on Tuesday, July 19th. Loop Capital initiated coverage on shares of Molina Healthcare in a research report on Thursday, June 16th. They set a “hold” rating and a $310.00 price objective on the stock. Bank of America downgraded shares of Molina Healthcare from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $355.00 to $335.00 in a research report on Thursday, May 26th. Cowen boosted their price objective on shares of Molina Healthcare to $371.00 in a research report on Tuesday, August 9th. Finally, Wells Fargo & Company boosted their price objective on shares of Molina Healthcare from $307.00 to $345.00 and gave the company an “underweight” rating in a research report on Friday, August 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Molina Healthcare presently has a consensus rating of “Moderate Buy” and a consensus price target of $344.14.

Hedge Funds Weigh In On Molina Healthcare

A number of hedge funds have recently bought and sold shares of the company. Private Trust Co. NA bought a new position in Molina Healthcare in the 2nd quarter worth about $25,000. First National Bank of Omaha boosted its stake in Molina Healthcare by 26.7% in the 2nd quarter. First National Bank of Omaha now owns 4,596 shares of the company’s stock worth $1,285,000 after purchasing an additional 969 shares in the last quarter. Verition Fund Management LLC bought a new position in Molina Healthcare in the 2nd quarter worth about $1,695,000. Prelude Capital Management LLC boosted its stake in Molina Healthcare by 205.7% in the 2nd quarter. Prelude Capital Management LLC now owns 2,033 shares of the company’s stock worth $568,000 after purchasing an additional 1,368 shares in the last quarter. Finally, ExodusPoint Capital Management LP lifted its stake in Molina Healthcare by 126.8% during the 2nd quarter. ExodusPoint Capital Management LP now owns 14,758 shares of the company’s stock valued at $4,126,000 after acquiring an additional 8,250 shares during the period. Institutional investors own 95.40% of the company’s stock.

About Molina Healthcare

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Molina Healthcare, Inc provides managed health care 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. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states.

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