AQR Capital Management LLC Purchases 101,630 Shares of Molina Healthcare, Inc. (NYSE:MOH)

AQR Capital Management LLC increased its position in Molina Healthcare, Inc. (NYSE:MOH) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 620,294 shares of the company’s stock after purchasing an additional 101,630 shares during the period. AQR Capital Management LLC owned approximately 1.08% of Molina Healthcare worth $180,537,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc lifted its stake in Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after acquiring an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new position in Molina Healthcare during the 4th quarter valued at $52,000. Hurley Capital LLC bought a new position in Molina Healthcare during the 4th quarter valued at $55,000. EverSource Wealth Advisors LLC lifted its stake in Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after acquiring an additional 88 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Molina Healthcare by 337.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company’s stock valued at $58,000 after acquiring an additional 155 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Stephens reiterated an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. Truist Financial lifted their target price on Molina Healthcare from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Baird R W cut Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Mizuho lifted their price objective on Molina Healthcare from $376.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, April 9th. Finally, Sanford C. Bernstein began coverage on Molina Healthcare in a report on Tuesday, April 22nd. They issued an “outperform” rating and a $414.00 price objective for the company. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $365.38.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $320.51 on Tuesday. The stock has a market cap of $17.53 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. The firm’s fifty day moving average price is $320.07 and its 200-day moving average price is $307.33. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $365.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping analysts’ consensus estimates of $5.96 by $0.12. The company had revenue of $11.15 billion for the quarter, compared to analysts’ expectations of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $5.73 EPS. On average, equities research analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

About Molina Healthcare

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.