Molina Healthcare (MOH) Reaches New 12-Month High After Insider Buying Activity

Molina Healthcare, Inc. (NYSE:MOH) hit a new 52-week high during mid-day trading on Friday after an insider bought additional shares in the company. The company traded as high as $153.59 and last traded at $153.53, with a volume of 43609 shares trading hands. The stock had previously closed at $149.00.

Specifically, Director Daniel Cooperman sold 943 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $133.81, for a total transaction of $126,182.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James Woys bought 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The shares were purchased at an average price of $148.79 per share, for a total transaction of $3,719,750.00. Following the completion of the purchase, the insider now directly owns 17,203 shares of the company’s stock, valued at approximately $2,559,634.37. The disclosure for this purchase can be found here. Insiders have sold 9,867 shares of company stock worth $1,301,992 in the last three months. Corporate insiders own 0.65% of the company’s stock.

A number of analysts recently weighed in on MOH shares. Zacks Investment Research upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Tuesday, July 24th. BMO Capital Markets upped their target price on shares of Molina Healthcare from $85.00 to $94.00 and gave the stock a “market perform” rating in a research note on Friday, June 1st. Barclays started coverage on shares of Molina Healthcare in a research note on Monday, July 23rd. They set an “equal weight” rating and a $105.00 target price on the stock. Piper Jaffray Companies restated an “overweight” rating and set a $134.00 target price on shares of Molina Healthcare in a research note on Thursday, August 2nd. Finally, SunTrust Banks upped their target price on shares of Molina Healthcare to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. One 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 has a consensus rating of “Hold” and an average price target of $114.15.

The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of 274.32, a price-to-earnings-growth ratio of 1.44 and a beta of 1.28.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Tuesday, July 31st. The company reported $3.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.67 billion. During the same period last year, the company earned ($4.01) earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. research analysts predict that Molina Healthcare, Inc. will post 6.68 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in MOH. Advisors Asset Management Inc. lifted its holdings in Molina Healthcare by 2,264.2% in the second quarter. Advisors Asset Management Inc. now owns 93,813 shares of the company’s stock valued at $118,000 after acquiring an additional 89,845 shares during the period. Integrated Investment Consultants LLC purchased a new position in shares of Molina Healthcare in the second quarter valued at $165,000. Contravisory Investment Management Inc. purchased a new position in shares of Molina Healthcare in the second quarter valued at $166,000. Eaton Vance Management purchased a new position in shares of Molina Healthcare in the first quarter valued at $203,000. Finally, Zeke Capital Advisors LLC purchased a new position in shares of Molina Healthcare in the second quarter valued at $206,000.

Molina Healthcare Company Profile (NYSE:MOH)

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.

Featured Story: Day Trading – Risk Worth the Reward?

Receive News & Ratings for Molina Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply