Schwab Charles Investment Management Inc. Grows Holdings in Molina Healthcare Inc (MOH)

Schwab Charles Investment Management Inc. raised its position in Molina Healthcare Inc (NYSE:MOH) by 11.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 349,366 shares of the company’s stock after acquiring an additional 36,454 shares during the period. Schwab Charles Investment Management Inc. owned about 0.61% of Molina Healthcare worth $24,170,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MOH. Meadow Creek Investment Management LLC lifted its stake in Molina Healthcare by 13.2% in the 1st quarter. Meadow Creek Investment Management LLC now owns 2,408 shares of the company’s stock valued at $110,000 after acquiring an additional 280 shares in the last quarter. LS Investment Advisors LLC lifted its stake in Molina Healthcare by 40.9% in the 2nd quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock valued at $127,000 after acquiring an additional 531 shares in the last quarter. Glen Harbor Capital Management LLC lifted its stake in Molina Healthcare by 13.2% in the 1st quarter. Glen Harbor Capital Management LLC now owns 2,924 shares of the company’s stock valued at $133,000 after acquiring an additional 340 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Molina Healthcare in the 2nd quarter valued at approximately $136,000. Finally, Advantus Capital Management Inc lifted its stake in Molina Healthcare by 2.9% in the 1st quarter. Advantus Capital Management Inc now owns 5,449 shares of the company’s stock valued at $248,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 96.04% of the company’s stock.

MOH has been the topic of several research reports. ValuEngine upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. TheStreet cut Molina Healthcare from a “b” rating to a “c” rating in a research note on Monday, August 7th. Jefferies Group LLC restated a “hold” rating and issued a $72.00 target price on shares of Molina Healthcare in a research note on Friday, July 14th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $72.00 target price on shares of Molina Healthcare in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Molina Healthcare presently has a consensus rating of “Hold” and an average price target of $62.39.

In other news, insider William Dentino sold 66,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $68.68, for a total value of $4,532,880.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John C. Molina sold 21,277 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $70.53, for a total value of $1,500,666.81. Following the completion of the transaction, the director now owns 611,154 shares in the company, valued at approximately $43,104,691.62. The disclosure for this sale can be found here. Insiders sold 314,323 shares of company stock worth $20,373,701 in the last 90 days. Corporate insiders own 6.20% of the company’s stock.

Shares of Molina Healthcare Inc (NYSE MOH) opened at 66.62 on Friday. The company’s market cap is $3.81 billion. The stock’s 50 day moving average price is $62.47 and its 200-day moving average price is $60.18. Molina Healthcare Inc has a 52 week low of $42.56 and a 52 week high of $72.79.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, August 2nd. The company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.87). Molina Healthcare had a negative net margin of 1.07% and a positive return on equity of 16.10%. The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.88 billion. During the same quarter in the prior year, the business earned $0.67 EPS. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. Analysts expect that Molina Healthcare Inc will post ($2.96) EPS for the current year.

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Molina Healthcare Company Profile

Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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