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

AQR Capital Management LLC increased its stake in shares of Molina Healthcare, Inc (NYSE:MOH) by 4.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 925,672 shares of the company’s stock after buying an additional 40,714 shares during the period. AQR Capital Management LLC owned about 1.71% of Molina Healthcare worth $273,096,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Molina Healthcare by 46.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,838,043 shares of the company’s stock valued at $1,264,214,000 after purchasing an additional 1,216,903 shares during the last quarter. Invesco Ltd. grew its holdings in Molina Healthcare by 25.9% during the 2nd quarter. Invesco Ltd. now owns 1,601,574 shares of the company’s stock valued at $477,109,000 after buying an additional 329,759 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Molina Healthcare by 8.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,487,896 shares of the company’s stock valued at $490,099,000 after buying an additional 117,796 shares in the last quarter. Norges Bank bought a new stake in shares of Molina Healthcare during the second quarter valued at about $212,113,000. Finally, Durable Capital Partners LP lifted its holdings in shares of Molina Healthcare by 13.1% in the first quarter. Durable Capital Partners LP now owns 541,605 shares of the company’s stock worth $178,399,000 after buying an additional 62,899 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Insider Buying and Selling

In other news, Director Richard M. Schapiro sold 357 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $143.02, for a total value of $51,058.14. Following the sale, the director directly owned 11,352 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

MOH has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price objective on Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $165.00 price target on shares of Molina Healthcare in a research note on Friday, October 24th. Wall Street Zen lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. TD Cowen cut Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 target price for the company. in a report on Thursday, October 16th. Finally, Barclays restated an “underweight” rating and set a $144.00 price target (down from $185.00) on shares of Molina Healthcare in a research report on Friday, October 24th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Molina Healthcare presently has an average rating of “Hold” and an average target price of $198.93.

Molina Healthcare Stock Up 1.0%

Shares of NYSE:MOH opened at $168.52 on Friday. The stock has a 50 day moving average price of $161.91 and a 200-day moving average price of $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 firm has a market capitalization of $9.13 billion, a P/E ratio of 10.43 and a beta of 0.52. Molina Healthcare, Inc has a 52-week low of $133.40 and a 52-week high of $359.97.

Molina Healthcare (NYSE:MOH) last announced 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 net margin of 1.98% and a return on equity of 22.95%. The business had revenue of $11.48 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter last year, the firm posted $6.01 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. As a group, equities research analysts anticipate that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal year.

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.