Raymond James Financial Services Advisors Inc. Has $563,000 Stake in Molina Healthcare, Inc. (NYSE:MOH)

Raymond James Financial Services Advisors Inc. decreased its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 18.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,559 shares of the company’s stock after selling 349 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Molina Healthcare were worth $563,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Captrust Financial Advisors raised its position in shares of Molina Healthcare by 0.5% in the 2nd quarter. Captrust Financial Advisors now owns 6,315 shares of the company’s stock valued at $1,766,000 after buying an additional 33 shares in the last quarter. New York Life Investment Management LLC raised its position in shares of Molina Healthcare by 0.4% in the 3rd quarter. New York Life Investment Management LLC now owns 8,495 shares of the company’s stock valued at $2,785,000 after buying an additional 36 shares in the last quarter. Aptus Capital Advisors LLC raised its position in shares of Molina Healthcare by 5.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 763 shares of the company’s stock valued at $250,000 after buying an additional 36 shares in the last quarter. Raleigh Capital Management Inc. raised its position in shares of Molina Healthcare by 40.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock valued at $41,000 after buying an additional 36 shares in the last quarter. Finally, EFG Asset Management Americas Corp. raised its position in shares of Molina Healthcare by 3.0% in the 2nd quarter. EFG Asset Management Americas Corp. now owns 1,238 shares of the company’s stock valued at $373,000 after buying an additional 36 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MOH shares. Truist Financial boosted their target price on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a report on Thursday, April 4th. Wells Fargo & Company decreased their price target on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, UBS Group lifted their price target on shares of Molina Healthcare from $350.00 to $380.00 and gave the company a “neutral” rating in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $393.09.

Insider Activity

In other news, CFO Mark Lowell Keim sold 15,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $386.56, for a total value of $5,798,400.00. Following the sale, the chief financial officer now directly owns 36,531 shares of the company’s stock, valued at approximately $14,121,423.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Mark Lowell Keim sold 15,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the transaction, the chief financial officer now owns 36,531 shares in the company, valued at approximately $14,121,423.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard M. Schapiro sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the transaction, the director now owns 11,207 shares in the company, valued at approximately $4,494,567.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,711 shares of company stock valued at $6,472,517. 1.10% of the stock is currently owned by insiders.

Molina Healthcare Trading Up 0.3 %

MOH opened at $360.84 on Friday. Molina Healthcare, Inc. has a fifty-two week low of $266.35 and a fifty-two week high of $423.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $21.14 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.00 and a beta of 0.47. The company’s 50 day moving average price is $394.75 and its two-hundred day moving average price is $370.71.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The firm had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same period in the previous year, the firm posted $4.10 EPS. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, research analysts predict that Molina Healthcare, Inc. will post 23.62 earnings per share for the current year.

Molina Healthcare 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.