Raymond James Financial Inc. Acquires New Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Raymond James Financial Inc. bought a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) during the 4th quarter, Holdings Channel reports. The institutional investor bought 36,848 shares of the company’s stock, valued at approximately $10,725,000.

A number of other institutional investors have also recently bought and sold shares of MOH. Los Angeles Capital Management LLC increased its position in shares of Molina Healthcare by 166.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock worth $57,195,000 after acquiring an additional 122,674 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Molina Healthcare in the fourth quarter worth $26,091,000. Victory Capital Management Inc. grew its position in Molina Healthcare by 48.9% in the fourth quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock valued at $41,092,000 after purchasing an additional 46,350 shares in the last quarter. NFJ Investment Group LLC bought a new position in Molina Healthcare in the third quarter valued at $7,432,000. Finally, Ieq Capital LLC increased its stake in Molina Healthcare by 762.7% in the 4th quarter. Ieq Capital LLC now owns 21,489 shares of the company’s stock valued at $6,254,000 after buying an additional 18,998 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Insider Activity at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the transaction, the director now directly owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Stephens restated an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. UBS Group lowered their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Truist Financial cut their price objective on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, Barclays lowered their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $355.69.

Molina Healthcare Stock Performance

NYSE MOH opened at $315.60 on Friday. The stock has a market cap of $17.52 billion, a PE ratio of 15.45, a P/E/G ratio of 1.06 and a beta of 0.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a 50-day moving average of $299.51 and a 200-day moving average of $309.97. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. On average, sell-side analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Molina Healthcare Company 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.