Atlantic Union Bankshares Corp Makes New Investment in Molina Healthcare, Inc $MOH

Atlantic Union Bankshares Corp bought a new stake in Molina Healthcare, Inc (NYSE:MOH) during the 2nd quarter, Holdings Channel reports. The firm bought 360 shares of the company’s stock, valued at approximately $107,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Molina Healthcare by 46.4% in 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 acquiring an additional 1,216,903 shares during the last quarter. AQR Capital Management LLC raised its position in Molina Healthcare by 42.7% in the first quarter. AQR Capital Management LLC now owns 884,958 shares of the company’s stock valued at $288,125,000 after purchasing an additional 264,664 shares during the period. Nuveen LLC purchased a new stake in Molina Healthcare in the first quarter valued at $46,441,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Molina Healthcare by 8.6% in 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 purchasing an additional 117,796 shares during the last quarter. Finally, Durable Capital Partners LP grew its holdings in shares of Molina Healthcare by 13.1% during the 1st quarter. Durable Capital Partners LP now owns 541,605 shares of the company’s stock worth $178,399,000 after purchasing an additional 62,899 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $151.85 on Monday. The firm has a market capitalization of $8.23 billion, a PE ratio of 9.40 and a beta of 0.55. Molina Healthcare, Inc has a 52 week low of $145.03 and a 52 week high of $359.97. The firm’s 50-day simple moving average is $180.02 and its 200 day simple moving average is $224.81. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.92.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, October 22nd. The company reported $1.84 earnings per share (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 business had revenue of $11.48 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the firm posted $6.01 EPS. The business’s 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. On average, equities research analysts predict that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group cut their price objective on Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. JPMorgan Chase & Co. dropped their price target on shares of Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating for the company in a research report on Tuesday, July 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Molina Healthcare in a research note on Wednesday, October 8th. TD Cowen cut shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 price objective for the company. in a research report on Thursday, October 16th. Finally, Truist Financial set a $175.00 target price on shares of Molina Healthcare in a report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Molina Healthcare presently has a consensus rating of “Hold” and a consensus price target of $203.64.

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.