Lazard Asset Management LLC Buys New Shares in ModivCare Inc. (NASDAQ:MODV)

Lazard Asset Management LLC bought a new stake in ModivCare Inc. (NASDAQ:MODVGet Rating) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,213 shares of the company’s stock, valued at approximately $102,000.

Other institutional investors have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. grew its stake in ModivCare by 217.7% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 765,495 shares of the company’s stock worth $88,330,000 after buying an additional 524,529 shares during the period. Ophir Asset Management Pty Ltd grew its stake in ModivCare by 117.3% during the second quarter. Ophir Asset Management Pty Ltd now owns 659,380 shares of the company’s stock worth $14,764,000 after buying an additional 355,960 shares during the period. HG Vora Capital Management LLC grew its stake in ModivCare by 66.7% during the first quarter. HG Vora Capital Management LLC now owns 500,000 shares of the company’s stock worth $57,695,000 after buying an additional 200,000 shares during the period. Neuberger Berman Group LLC grew its stake in ModivCare by 81.4% during the first quarter. Neuberger Berman Group LLC now owns 330,136 shares of the company’s stock worth $38,094,000 after buying an additional 148,191 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in ModivCare by 14.8% during the first quarter. Bank of New York Mellon Corp now owns 431,239 shares of the company’s stock worth $49,760,000 after buying an additional 55,736 shares during the period.

ModivCare Trading Down 2.3 %

NASDAQ MODV opened at $84.00 on Wednesday. The company’s fifty day simple moving average is $93.87 and its 200-day simple moving average is $97.71. ModivCare Inc. has a 52 week low of $75.00 and a 52 week high of $154.31. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.76. The stock has a market cap of $1.19 billion, a P/E ratio of -20.90, a PEG ratio of 1.35 and a beta of 0.77.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MODV. Stephens reiterated an “initiates” rating on shares of ModivCare in a research note on Wednesday, August 3rd. Barrington Research reduced their target price on shares of ModivCare from $157.00 to $138.00 and set an “outperform” rating on the stock in a research report on Friday, November 4th.

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.

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Institutional Ownership by Quarter for ModivCare (NASDAQ:MODV)

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