AQR Capital Management LLC Has $288.13 Million Holdings in Molina Healthcare, Inc $MOH

Key Points

• AQR Capital Management LLC raised its stake in Molina Healthcare, Inc by 42.7% during the first quarter, bringing its total ownership to approximately $288.13 million with 884,958 shares.
• Insider trading activity showed COO James Woys purchased 10,000 shares for $1.56 million, increasing his holdings by 15.54%, while Director Ronna Romney sold 700 shares, decreasing her position by 3.93%.
• Molina Healthcare reported earnings of $5.48 per share for the last quarter, slightly missing analysts' estimates, but its revenue increased by 15.7% year-over-year, reaching $11.43 billion.

AQR Capital Management LLC grew its position in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 42.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 884,958 shares of the company's stock after acquiring an additional 264,664 shares during the period. AQR Capital Management LLC owned 1.63% of Molina Healthcare worth $288,125,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC raised its stake in shares of Molina Healthcare by 126.3% in the first quarter. Rothschild Investment LLC now owns 86 shares of the company's stock valued at $28,000 after acquiring an additional 48 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Molina Healthcare in the 1st quarter worth approximately $29,000. Colonial Trust Co SC raised its position in Molina Healthcare by 930.0% in the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company's stock worth $30,000 after purchasing an additional 93 shares during the last quarter. Deseret Mutual Benefit Administrators raised its position in Molina Healthcare by 60.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company's stock worth $30,000 after purchasing an additional 34 shares during the last quarter. Finally, Elequin Capital LP raised its position in Molina Healthcare by 170.6% in the 1st 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. Institutional investors own 98.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MOH. Mizuho dropped their price objective on shares of Molina Healthcare from $400.00 to $330.00 and set an "outperform" rating for the company in a research report on Friday, July 11th. Wall Street Zen cut shares of Molina Healthcare from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Barclays dropped their price objective on shares of Molina Healthcare from $186.00 to $185.00 and set an "equal weight" rating for the company in a research report on Thursday. Wells Fargo & Company dropped their price objective on shares of Molina Healthcare from $216.00 to $198.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Finally, Truist Financial restated a "hold" rating and issued a $180.00 price objective (down previously from $335.00) on shares of Molina Healthcare in a research report on Friday, July 25th. Three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, Molina Healthcare currently has an average rating of "Hold" and a consensus price target of $225.18.

Molina Healthcare Trading Up 2.2%

Shares of Molina Healthcare stock traded up $3.68 on Friday, hitting $174.51. 1,294,913 shares of the company's stock traded hands, compared to its average volume of 1,435,618. The firm's 50-day moving average price is $187.75 and its two-hundred day moving average price is $269.88. The stock has a market capitalization of $9.46 billion, a PE ratio of 8.60 and a beta of 0.54. Molina Healthcare, Inc has a one year low of $151.95 and a one year high of $365.23. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.66.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $5.48 EPS for the quarter, missing the consensus estimate of $5.50 by ($0.02). The business had revenue of $11.43 billion for the quarter, compared to the consensus estimate of $10.94 billion. Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. The business's revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.86 EPS. On average, research analysts expect that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal year.

Insider Buying and Selling at Molina Healthcare

In other news, COO James Woys purchased 10,000 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was bought at an average price of $155.94 per share, with a total value of $1,559,400.00. Following the acquisition, the chief operating officer directly owned 74,331 shares of the company's stock, valued at approximately $11,591,176.14. This represents a 15.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronna Romney sold 700 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $153.74, for a total transaction of $107,618.00. Following the completion of the transaction, the director directly owned 17,131 shares of the company's stock, valued at approximately $2,633,719.94. The trade was a 3.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by 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.