Charles Schwab Investment Management Inc. Purchases 16,161 Shares of Molina Healthcare, Inc (NYSE:MOH)

Charles Schwab Investment Management Inc. raised its holdings in shares of Molina Healthcare, Inc (NYSE:MOH - Free Report) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 416,241 shares of the company's stock after buying an additional 16,161 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.77% of Molina Healthcare worth $137,106,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MOH. Cerity Partners LLC lifted its holdings in shares of Molina Healthcare by 114.1% during the fourth quarter. Cerity Partners LLC now owns 11,598 shares of the company's stock worth $3,482,000 after buying an additional 6,180 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Molina Healthcare by 67.2% during the fourth quarter. Advisory Services Network LLC now owns 2,326 shares of the company's stock worth $677,000 after buying an additional 935 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Molina Healthcare by 110.4% during the fourth quarter. Bessemer Group Inc. now owns 547 shares of the company's stock worth $158,000 after buying an additional 287 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Molina Healthcare by 22.7% during the fourth quarter. Sterling Capital Management LLC now owns 1,821 shares of the company's stock worth $530,000 after buying an additional 337 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new position in shares of Molina Healthcare during the fourth quarter worth approximately $303,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Price Performance

Molina Healthcare stock traded up $3.89 during mid-day trading on Wednesday, hitting $161.20. 1,313,426 shares of the company were exchanged, compared to its average volume of 969,118. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.77. The business has a fifty day moving average of $231.16 and a 200 day moving average of $284.81. Molina Healthcare, Inc has a 1-year low of $151.95 and a 1-year high of $365.23. The company has a market capitalization of $8.74 billion, a PE ratio of 7.94 and a beta of 0.52.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $5.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.50 by ($0.02). Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%. The company had revenue of $11.43 billion for the quarter, compared to analyst estimates of $10.94 billion. During the same quarter in the prior year, the company earned $5.86 earnings per share. The business's revenue was up 15.7% compared to the same quarter last year. As a group, sell-side analysts expect that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group cut their price target on Molina Healthcare from $260.00 to $180.00 and set a "neutral" rating for the company in a report on Friday, July 25th. Truist Financial reaffirmed a "hold" rating and issued a $180.00 target price (down from $335.00) on shares of Molina Healthcare in a research report on Friday, July 25th. JPMorgan Chase & Co. reduced their target price on Molina Healthcare from $272.00 to $184.00 and set a "neutral" rating for the company in a research report on Tuesday, July 29th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $210.00 target price (down from $312.00) on shares of Molina Healthcare in a research report on Friday, July 25th. Finally, Baird R W cut Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $244.55.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, COO James Woys bought 10,000 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were bought at an average price of $155.94 per share, for a total transaction of $1,559,400.00. Following the completion of the acquisition, the chief operating officer owned 74,331 shares of the company's stock, valued at approximately $11,591,176.14. This trade represents a 15.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ronna Romney sold 700 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total value of $107,618.00. Following the sale, the director owned 17,131 shares in the company, valued at $2,633,719.94. The trade was a 3.93% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

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.