ModivCare Inc. (NASDAQ:MODV) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its position in ModivCare Inc. (NASDAQ:MODV) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 924,955 shares of the company’s stock after acquiring an additional 1,179 shares during the period. Vanguard Group Inc. owned approximately 0.07% of ModivCare worth $29,145,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MODV. Signaturefd LLC grew its holdings in shares of ModivCare by 388.6% in the 3rd quarter. Signaturefd LLC now owns 816 shares of the company’s stock worth $26,000 after acquiring an additional 649 shares during the period. State of Wyoming lifted its stake in shares of ModivCare by 200.5% during the 2nd quarter. State of Wyoming now owns 619 shares of the company’s stock worth $28,000 after purchasing an additional 413 shares during the period. Federated Hermes Inc. lifted its stake in shares of ModivCare by 54.7% during the 3rd quarter. Federated Hermes Inc. now owns 359 shares of the company’s stock worth $36,000 after purchasing an additional 127 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of ModivCare by 394.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 425 shares of the company’s stock worth $36,000 after purchasing an additional 339 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of ModivCare by 134.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,015 shares of the company’s stock worth $63,000 after purchasing an additional 1,156 shares during the period.

ModivCare Trading Down 2.8 %

NASDAQ:MODV opened at $22.53 on Friday. The business’s 50-day moving average is $32.35 and its two-hundred day moving average is $37.02. The company has a debt-to-equity ratio of 6.30, a current ratio of 0.78 and a quick ratio of 0.78. ModivCare Inc. has a 12 month low of $20.30 and a 12 month high of $86.55. The firm has a market capitalization of $319.93 million, a PE ratio of -1.56, a price-to-earnings-growth ratio of 0.63 and a beta of 0.44.

ModivCare (NASDAQ:MODV) last released its quarterly earnings data on Thursday, February 22nd. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.13 by $0.05. ModivCare had a positive return on equity of 36.50% and a negative net margin of 7.42%. The company had revenue of $703.22 million for the quarter, compared to analyst estimates of $699.34 million. Research analysts predict that ModivCare Inc. will post 4.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barrington Research lowered ModivCare from an “outperform” rating to a “market perform” rating in a research report on Monday, February 26th. Jefferies Financial Group lowered ModivCare from a “buy” rating to a “hold” rating and cut their target price for the stock from $60.00 to $39.00 in a research report on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered ModivCare from a “buy” rating to a “hold” rating and cut their target price for the stock from $60.00 to $40.00 in a research report on Friday, February 23rd.

ModivCare Profile

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