Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 18.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Molina Healthcare by 18.4% during the first quarter. Vanguard Group Inc. now owns 6,449,375 shares of the company’s stock valued at $2,151,448,000 after acquiring an additional 1,001,372 shares during the period. Wellington Management Group LLP grew its position in Molina Healthcare by 8.3% in the third quarter. Wellington Management Group LLP now owns 3,395,040 shares of the company’s stock worth $1,113,200,000 after buying an additional 259,474 shares during the last quarter. State Street Corp grew its position in Molina Healthcare by 25.6% in the first quarter. State Street Corp now owns 2,457,008 shares of the company’s stock worth $819,633,000 after buying an additional 501,107 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Molina Healthcare by 10.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,374,111 shares of the company’s stock worth $783,979,000 after buying an additional 228,221 shares during the last quarter. Finally, FMR LLC grew its position in Molina Healthcare by 1.0% in the third quarter. FMR LLC now owns 2,175,796 shares of the company’s stock worth $713,422,000 after buying an additional 22,583 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on MOH. UBS Group lifted their price target on shares of Molina Healthcare from $350.00 to $380.00 and gave the stock a “neutral” rating in a research report on Thursday, December 21st. 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 research report on Monday. StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Truist Financial raised their price objective on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $393.09.

Insider Buying and Selling at Molina Healthcare

In related news, CFO Mark Lowell Keim sold 15,000 shares of Molina Healthcare 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 completion of the sale, the chief financial officer now owns 36,531 shares of the company’s stock, valued at approximately $14,121,423.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Mark Lowell Keim sold 15,000 shares of Molina Healthcare 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 completion of the sale, the chief financial officer now owns 36,531 shares of the company’s stock, valued at approximately $14,121,423.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare 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 completion of the sale, the director now directly owns 11,207 shares of the company’s stock, valued at approximately $4,494,567.35. The disclosure for this sale can be found here. Insiders sold 16,711 shares of company stock valued at $6,472,517 in the last quarter. Company insiders own 1.10% of the company’s stock.

Molina Healthcare Trading Up 0.3 %

Shares of NYSE:MOH opened at $360.84 on Friday. The firm has a fifty day moving average of $394.75 and a two-hundred day moving average of $370.71. The firm has a market capitalization of $21.14 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 1.00 and a beta of 0.47. Molina Healthcare, Inc. has a 12-month low of $266.35 and a 12-month high of $423.92. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The company had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.35 billion. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $4.10 EPS. On average, equities analysts expect that Molina Healthcare, Inc. will post 23.62 EPS for the current fiscal year.

About Molina Healthcare

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.