Ronna Romney Sells 200 Shares of Molina Healthcare, Inc. (MOH) Stock

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Molina Healthcare, Inc. (NYSE:MOH) Director Ronna Romney sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $138.11, for a total value of $27,622.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Ronna Romney also recently made the following trade(s):

  • On Wednesday, August 8th, Ronna Romney sold 200 shares of Molina Healthcare stock. The stock was sold at an average price of $123.90, for a total value of $24,780.00.
  • On Monday, July 2nd, Ronna Romney sold 200 shares of Molina Healthcare stock. The stock was sold at an average price of $97.71, for a total value of $19,542.00.

MOH traded up $3.56 during trading hours on Thursday, reaching $141.04. The company’s stock had a trading volume of 1,590,100 shares, compared to its average volume of 1,133,552. Molina Healthcare, Inc. has a 52 week low of $58.66 and a 52 week high of $141.66. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.73. The stock has a market cap of $8.52 billion, a PE ratio of 246.93, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $1.99. Molina Healthcare had a positive return on equity of 23.01% and a negative net margin of 0.26%. The business had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.67 billion. During the same quarter in the prior year, the business earned ($4.01) EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. equities analysts forecast that Molina Healthcare, Inc. will post 6.67 earnings per share for the current year.

A number of equities research analysts have recently issued reports on MOH shares. Barclays upped their price objective on Molina Healthcare from $105.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 2nd. SunTrust Banks upped their price target on shares of Molina Healthcare to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, July 10th. Bank of America upped their price target on shares of Molina Healthcare from $91.00 to $94.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 24th. TheStreet raised shares of Molina Healthcare from a “c” rating to a “b-” rating in a research report on Monday, May 21st. Finally, Morgan Stanley upped their price target on shares of Molina Healthcare from $132.00 to $178.00 and gave the stock an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $114.15.

Institutional investors and hedge funds have recently modified their holdings of the company. Integrated Investment Consultants LLC bought a new position in Molina Healthcare in the 2nd quarter valued at about $165,000. Contravisory Investment Management Inc. bought a new position in Molina Healthcare in the 2nd quarter valued at about $166,000. Zeke Capital Advisors LLC bought a new position in Molina Healthcare in the 2nd quarter valued at about $206,000. CIBC Asset Management Inc bought a new position in Molina Healthcare in the 2nd quarter valued at about $211,000. Finally, Wealth Architects LLC bought a new position in Molina Healthcare in the 2nd quarter valued at about $220,000.

Molina Healthcare Company Profile

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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