Dimensional Fund Advisors LP lowered its holdings in shares of Molina Healthcare Inc (NYSE:MOH) by 5.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,344,324 shares of the company’s stock after selling 144,653 shares during the period. Dimensional Fund Advisors LP owned about 4.10% of Molina Healthcare worth $162,182,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Molina Healthcare by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,240 shares of the company’s stock worth $432,000 after buying an additional 23 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Molina Healthcare by 2.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,660 shares of the company’s stock worth $392,000 after buying an additional 150 shares in the last quarter. Advantus Capital Management Inc raised its holdings in shares of Molina Healthcare by 2.9% during the 1st quarter. Advantus Capital Management Inc now owns 5,449 shares of the company’s stock worth $248,000 after buying an additional 153 shares in the last quarter. Retirement Systems of Alabama raised its holdings in shares of Molina Healthcare by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 55,116 shares of the company’s stock worth $3,813,000 after buying an additional 167 shares in the last quarter. Finally, Mason Street Advisors LLC raised its holdings in shares of Molina Healthcare by 1.1% during the 1st quarter. Mason Street Advisors LLC now owns 20,107 shares of the company’s stock worth $917,000 after buying an additional 217 shares in the last quarter. 96.04% of the stock is owned by institutional investors.

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Molina Healthcare Inc (NYSE:MOH) opened at 66.54 on Thursday. Molina Healthcare Inc has a one year low of $42.56 and a one year high of $72.79. The firm has a 50-day moving average price of $62.22 and a 200-day moving average price of $60.55. The firm’s market cap is $3.80 billion.

Molina Healthcare (NYSE:MOH) last released its quarterly 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 firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.88 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities analysts expect that Molina Healthcare Inc will post ($2.70) EPS for the current fiscal year.

In other news, insider Lisa A. Rubino sold 5,378 shares of Molina Healthcare stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $60.30, for a total value of $324,293.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider William Dentino sold 66,000 shares of Molina Healthcare stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $68.68, for a total value of $4,532,880.00. The disclosure for this sale can be found here. Insiders have sold 337,060 shares of company stock worth $21,872,968 in the last 90 days. Company insiders own 6.20% of the company’s stock.

MOH has been the subject of a number of research analyst reports. Zacks Investment Research cut Molina Healthcare from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. ValuEngine cut Molina Healthcare from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Bank of America Corporation boosted their price target on Molina Healthcare from $59.00 to $60.00 and gave the stock an “underperform” rating in a report on Friday, July 14th. Stifel Nicolaus cut Molina Healthcare from a “hold” rating to a “sell” rating and boosted their price target for the stock from $47.00 to $60.00 in a report on Wednesday, May 31st. Finally, Morgan Stanley initiated coverage on Molina Healthcare in a report on Tuesday, June 6th. They set an “underweight” rating and a $65.00 price target for the company. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Molina Healthcare has an average rating of “Hold” and an average target price of $62.90.

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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