AQR Capital Management LLC Acquires 40,714 Shares of Molina Healthcare, Inc $MOH

AQR Capital Management LLC lifted its holdings in shares of Molina Healthcare, Inc (NYSE:MOH) by 4.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 925,672 shares of the company’s stock after acquiring an additional 40,714 shares during the quarter. AQR Capital Management LLC’s holdings in Molina Healthcare were worth $273,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Elequin Capital LP boosted its position in Molina Healthcare by 170.6% in the first quarter. Elequin Capital LP now owns 92 shares of the company’s stock worth $30,000 after purchasing an additional 58 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Molina Healthcare by 2,140.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 107 shares in the last quarter. Zions Bancorporation National Association UT lifted its stake in shares of Molina Healthcare by 121.8% during the 2nd quarter. Zions Bancorporation National Association UT now owns 193 shares of the company’s stock valued at $57,000 after buying an additional 106 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Molina Healthcare by 2,744.4% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the company’s stock worth $76,000 after buying an additional 247 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in Molina Healthcare in the 2nd quarter worth $94,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MOH shares. UBS Group dropped their price target on Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Cantor Fitzgerald lowered their price target on Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Truist Financial set a $175.00 target price on Molina Healthcare in a research note on Friday, October 24th. The Goldman Sachs Group lowered their price objective on shares of Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Finally, TD Cowen downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 target price on the stock. in a research report on Thursday, October 16th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $198.93.

Molina Healthcare Stock Up 1.0%

Molina Healthcare stock opened at $168.52 on Friday. The business’s 50-day simple moving average is $161.91 and its two-hundred day simple moving average is $196.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market cap of $9.13 billion, a PE ratio of 10.43 and a beta of 0.52. Molina Healthcare, Inc has a fifty-two week low of $133.40 and a fifty-two week high of $359.97.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, October 22nd. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($2.13). Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.The firm had revenue of $11.48 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period last year, the firm earned $6.01 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. Equities analysts anticipate that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Insider Buying and Selling at Molina Healthcare

In other news, Director Richard M. Schapiro sold 357 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $143.02, for a total value of $51,058.14. Following the sale, the director owned 11,352 shares in the company, valued at $1,623,563.04. This represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Molina Healthcare Company 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.