36,848 Shares in Molina Healthcare, Inc. (NYSE:MOH) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Molina Healthcare, Inc. (NYSE:MOH) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 36,848 shares of the company’s stock, valued at approximately $10,725,000. Raymond James Financial Inc. owned 0.06% of Molina Healthcare at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC grew its holdings in shares of Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc boosted its position in Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after buying an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new stake in Molina Healthcare during the fourth quarter worth about $52,000. Financial Perspectives Inc acquired a new stake in shares of Molina Healthcare during the fourth quarter worth approximately $59,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Molina Healthcare by 482.4% in the fourth quarter. Venturi Wealth Management LLC now owns 297 shares of the company’s stock valued at $86,000 after acquiring an additional 246 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Price Performance

Shares of MOH stock opened at $315.60 on Friday. The firm’s 50 day moving average price is $299.51 and its two-hundred day moving average price is $309.97. The stock has a market cap of $17.52 billion, a PE ratio of 15.45, a PEG ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results 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%. As a group, analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on MOH. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Barclays decreased their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. StockNews.com cut Molina Healthcare from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Stephens reiterated an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. Finally, UBS Group lowered their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $355.69.

Insider Transactions at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the transaction, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

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.