Texas Permanent School Fund Raises Stake in ModivCare Inc. (NASDAQ:MODV)

Texas Permanent School Fund boosted its position in ModivCare Inc. (NASDAQ:MODVGet Rating) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,910 shares of the company’s stock after buying an additional 176 shares during the period. Texas Permanent School Fund’s holdings in ModivCare were worth $753,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new stake in ModivCare in the first quarter valued at approximately $78,000. KBC Group NV lifted its holdings in ModivCare by 147.8% in the first quarter. KBC Group NV now owns 835 shares of the company’s stock valued at $96,000 after acquiring an additional 498 shares during the period. Captrust Financial Advisors lifted its holdings in ModivCare by 48.2% in 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. PNC Financial Services Group Inc. lifted its holdings in ModivCare by 24.2% in 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. Finally, Dynamic Technology Lab Private Ltd acquired a new position in ModivCare in the first quarter valued at approximately $231,000.

ModivCare Trading Up 0.2 %

Shares of MODV stock opened at $84.96 on Monday. 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 cap of $1.20 billion, a price-to-earnings ratio of -21.13, a PEG ratio of 1.35 and a beta of 0.77. The stock has a 50 day simple moving average of $94.95 and a 200-day simple moving average of $98.02. ModivCare Inc. has a 1-year low of $75.00 and a 1-year high of $154.31.

Wall Street Analysts Forecast Growth

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

ModivCare Profile

(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.

Read More

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)

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.