ModivCare Inc. (NASDAQ:MODV) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of ModivCare Inc. (NASDAQ:MODVGet Rating) by 5.6% in the first quarter, HoldingsChannel reports. The fund owned 4,118 shares of the company’s stock after selling 242 shares during the quarter. SG Americas Securities LLC’s holdings in ModivCare were worth $475,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MODV. Allspring Global Investments Holdings LLC acquired a new position in shares of ModivCare during the 4th quarter valued at about $974,000. Yousif Capital Management LLC acquired a new position in shares of ModivCare during the 4th quarter valued at about $1,647,000. New York State Common Retirement Fund increased its stake in shares of ModivCare by 3.2% during the 4th quarter. New York State Common Retirement Fund now owns 65,957 shares of the company’s stock valued at $9,781,000 after acquiring an additional 2,057 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of ModivCare by 11.0% during the 4th quarter. Pacer Advisors Inc. now owns 46,217 shares of the company’s stock valued at $6,854,000 after acquiring an additional 4,571 shares during the last quarter. Finally, Royce & Associates LP increased its position in ModivCare by 4.3% during the 4th quarter. Royce & Associates LP now owns 39,744 shares of the company’s stock worth $5,894,000 after purchasing an additional 1,640 shares in the last quarter. Institutional investors and hedge funds own 73.85% of the company’s stock.

ModivCare Stock Up 2.5 %

MODV opened at $105.03 on Friday. The firm has a 50 day moving average price of $93.25 and a 200 day moving average price of $103.69. The company has a market cap of $1.48 billion, a PE ratio of -57.81, a price-to-earnings-growth ratio of 1.36 and a beta of 0.84. ModivCare Inc. has a 1 year low of $80.55 and a 1 year high of $211.94. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.83 and a current ratio of 0.83.

ModivCare (NASDAQ:MODVGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.01). ModivCare had a negative net margin of 1.18% and a positive return on equity of 26.94%. The firm had revenue of $574.50 million during the quarter, compared to analyst estimates of $565.77 million. During the same period last year, the business earned $1.92 EPS. The firm’s revenue was up 26.7% compared to the same quarter last year. Sell-side analysts expect that ModivCare Inc. will post 6.29 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on MODV shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of ModivCare from $150.00 to $130.00 in a research report on Friday, May 6th. Stephens reissued an “initiates” rating on shares of ModivCare in a research report on Wednesday.

About ModivCare

(Get Rating)

ModivCare Inc, a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and patients. The company operates through four segments: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Patient Monitoring (RPM), and the Matrix Investment.

Further Reading

Want to see what other hedge funds are holding MODV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ModivCare Inc. (NASDAQ:MODVGet Rating).

Institutional Ownership by Quarter for ModivCare (NASDAQ:MODV)

Want More Great Investing Ideas?

Receive News & Ratings for ModivCare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ModivCare and related companies with MarketBeat.com's FREE daily email newsletter.