Charles Schwab Investment Management Inc. Raises Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Charles Schwab Investment Management Inc. increased its position in Molina Healthcare, Inc. (NYSE:MOH) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 400,080 shares of the company’s stock after purchasing an additional 10,002 shares during the period. Charles Schwab Investment Management Inc. owned 0.70% of Molina Healthcare worth $116,443,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC increased its position in Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after buying an additional 100 shares during the period. Versant Capital Management Inc grew its position in shares of Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after acquiring an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new position in shares of Molina Healthcare in the 4th quarter valued at $52,000. Financial Perspectives Inc purchased a new stake in Molina Healthcare in the 4th quarter valued at $59,000. Finally, Capital Performance Advisors LLP purchased a new stake in Molina Healthcare in the 3rd quarter valued at $62,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group dropped their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Mizuho dropped their price target on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Barclays reduced their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 8th. Finally, Stephens restated an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Molina Healthcare presently has an average rating of “Moderate Buy” and a consensus price target of $355.69.

Insider Buying and Selling

In other news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was 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 in the company, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

Molina Healthcare Stock Performance

NYSE:MOH opened at $327.11 on Friday. The firm’s fifty day simple moving average is $295.28 and its 200-day simple moving average is $311.91. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a market cap of $18.15 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. Analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share 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.