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

SG Americas Securities LLC lowered its stake in shares of ModivCare Inc. (NASDAQ:MODV – Get 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:MODV – Get 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

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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

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