State Board of Administration of Florida Retirement System Lowers Stock Holdings in ModivCare Inc. (NASDAQ:MODV)

State Board of Administration of Florida Retirement System lowered its holdings in ModivCare Inc. (NASDAQ:MODVGet Rating) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,687 shares of the company’s stock after selling 210 shares during the period. State Board of Administration of Florida Retirement System’s holdings in ModivCare were worth $481,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas grew its position in ModivCare by 6.3% during the first quarter. Teacher Retirement System of Texas now owns 2,593 shares of the company’s stock valued at $299,000 after acquiring an additional 153 shares during the period. PNC Financial Services Group Inc. grew its position in ModivCare by 24.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,062 shares of the company’s stock valued at $123,000 after acquiring an additional 207 shares during the period. KBC Group NV grew its position in ModivCare by 28.1% during the second quarter. KBC Group NV now owns 1,070 shares of the company’s stock valued at $90,000 after acquiring an additional 235 shares during the period. Captrust Financial Advisors grew its position in ModivCare by 48.2% during the first quarter. Captrust Financial Advisors now owns 1,027 shares of the company’s stock valued at $119,000 after acquiring an additional 334 shares during the period. Finally, Strs Ohio grew its position in ModivCare by 6.0% during the second quarter. Strs Ohio now owns 7,100 shares of the company’s stock valued at $599,000 after acquiring an additional 400 shares during the period.

ModivCare Price Performance

Shares of NASDAQ MODV opened at $84.96 on Friday. ModivCare Inc. has a 1-year low of $75.00 and a 1-year high of $154.31. The business has a 50-day moving average of $94.95 and a 200-day moving average of $98.06. The company has a debt-to-equity ratio of 2.76, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -21.13, a PEG ratio of 1.35 and a beta of 0.77.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MODV shares. Barrington Research lowered their price target on ModivCare from $157.00 to $138.00 and set an “outperform” rating for the company in a research report on Friday, November 4th. Stephens reissued an “initiates” rating on shares of ModivCare in a research report on Wednesday, August 3rd.

ModivCare Profile

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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.

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Institutional Ownership by Quarter for ModivCare (NASDAQ:MODV)

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