Charles Schwab Investment Management Inc. Has $102.92 Million Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Charles Schwab Investment Management Inc. raised its position in Molina Healthcare, Inc. (NYSE:MOH) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 341,640 shares of the company’s stock after buying an additional 2,354 shares during the period. Charles Schwab Investment Management Inc. owned 0.59% of Molina Healthcare worth $102,916,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MOH. EverSource Wealth Advisors LLC increased its stake in Molina Healthcare by 2,950.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the company’s stock valued at $33,000 after buying an additional 118 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in Molina Healthcare in the 4th quarter valued at about $34,000. Brown Brothers Harriman & Co. purchased a new stake in Molina Healthcare in the 1st quarter valued at about $40,000. Parkside Financial Bank & Trust increased its stake in Molina Healthcare by 85.9% in the 1st quarter. Parkside Financial Bank & Trust now owns 132 shares of the company’s stock valued at $44,000 after buying an additional 61 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Molina Healthcare during the 2nd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Insider Activity

In other news, CAO Maurice Hebert sold 692 shares of Molina Healthcare stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $328.15, for a total transaction of $227,079.80. Following the sale, the chief accounting officer now owns 8,528 shares of the company’s stock, valued at approximately $2,798,463.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Maurice Hebert sold 692 shares of Molina Healthcare stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $328.15, for a total transaction of $227,079.80. Following the sale, the chief accounting officer now owns 8,528 shares of the company’s stock, valued at approximately $2,798,463.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven J. Orlando sold 1,134 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $325.96, for a total transaction of $369,638.64. Following the sale, the director now directly owns 19,299 shares in the company, valued at approximately $6,290,702.04. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $356.28 on Tuesday. The firm’s fifty day moving average price is $340.05 and its 200-day moving average price is $313.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market cap of $20.77 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 1.21 and a beta of 0.57. Molina Healthcare, Inc. has a fifty-two week low of $256.19 and a fifty-two week high of $369.50.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, October 25th. The company reported $5.05 EPS for the quarter, topping analysts’ consensus estimates of $4.87 by $0.18. The company had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $8.24 billion. Molina Healthcare had a net margin of 2.80% and a return on equity of 34.85%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.36 EPS. On average, equities research analysts expect that Molina Healthcare, Inc. will post 20.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MOH has been the subject of a number of research reports. StockNews.com raised shares of Molina Healthcare from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 12th. Cantor Fitzgerald reissued an “overweight” rating and set a $359.00 target price on shares of Molina Healthcare in a research report on Thursday, September 14th. JPMorgan Chase & Co. increased their target price on shares of Molina Healthcare from $367.00 to $392.00 and gave the company an “overweight” rating in a research report on Friday. Stephens reaffirmed an “equal weight” rating and issued a $350.00 price objective on shares of Molina Healthcare in a report on Tuesday, October 3rd. Finally, Bank of America raised their price objective on shares of Molina Healthcare from $340.00 to $350.00 in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $348.45.

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.