Insider Selling: Molina Healthcare Inc (NYSE:MOH) Director Sells 15,000 Shares of Stock

Molina Healthcare Inc (NYSE:MOH) Director J Mario Md Molina sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $68.58, for a total value of $1,028,700.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

J Mario Md Molina also recently made the following trade(s):

  • On Monday, June 12th, J Mario Md Molina sold 15,000 shares of Molina Healthcare stock. The stock was sold at an average price of $66.09, for a total value of $991,350.00.

Molina Healthcare Inc (NYSE MOH) opened at 70.26 on Tuesday. Molina Healthcare Inc has a 12 month low of $42.56 and a 12 month high of $72.15. The firm has a 50-day moving average price of $68.04 and a 200 day moving average price of $56.55. The company has a market cap of $4.01 billion, a P/E ratio of 37.75 and a beta of 0.91.

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Large investors have recently bought and sold shares of the stock. Meadow Creek Investment Management LLC increased its stake in Molina Healthcare by 13.2% in the first quarter. Meadow Creek Investment Management LLC now owns 2,408 shares of the company’s stock worth $110,000 after buying an additional 280 shares in the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of Molina Healthcare by 13.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,924 shares of the company’s stock worth $133,000 after buying an additional 340 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Molina Healthcare during the second quarter worth $136,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Molina Healthcare by 361.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,771 shares of the company’s stock worth $172,000 after buying an additional 2,954 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its stake in shares of Molina Healthcare by 2.9% in the first quarter. Advantus Capital Management Inc now owns 5,449 shares of the company’s stock worth $248,000 after buying an additional 153 shares during the last quarter. Institutional investors own 92.96% of the company’s stock.

Several brokerages have recently issued reports on MOH. Jefferies Group LLC reaffirmed a “hold” rating and set a $72.00 price objective on shares of Molina Healthcare in a report on Friday. Zacks Investment Research cut Molina Healthcare from a “hold” rating to a “sell” rating in a report on Monday. Bank of America Corporation boosted their target price on Molina Healthcare from $59.00 to $60.00 and gave the company an “underperform” rating in a research report on Friday. Credit Suisse Group reissued an “underperform” rating and set a $53.00 target price (up previously from $50.00) on shares of Molina Healthcare in a research report on Friday. Finally, Stifel Nicolaus reissued a “sell” rating and set a $60.00 target price on shares of Molina Healthcare in a research report on Friday. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $60.37.

Molina Healthcare Company Profile

Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.

Insider Buying and Selling by Quarter for Molina Healthcare (NYSE:MOH)

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