4,122 Shares in ModivCare Inc. (NASDAQ:MODV) Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC bought a new position in ModivCare Inc. (NASDAQ:MODV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,122 shares of the company’s stock, valued at approximately $181,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MODV. T. Rowe Price Investment Management Inc. boosted its stake in ModivCare by 35.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,134,756 shares of the company’s stock worth $101,822,000 after purchasing an additional 294,108 shares during the period. Neuberger Berman Group LLC lifted its position in ModivCare by 81.4% during the 1st 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 in the last quarter. FMR LLC lifted its position in ModivCare by 222.4% during the 1st quarter. FMR LLC now owns 182,889 shares of the company’s stock worth $15,377,000 after buying an additional 126,170 shares in the last quarter. Citadel Advisors LLC lifted its position in ModivCare by 365.7% during the 2nd quarter. Citadel Advisors LLC now owns 81,770 shares of the company’s stock worth $6,909,000 after buying an additional 64,210 shares in the last quarter. Finally, Penn Capital Management Company LLC lifted its position in ModivCare by 65.1% during the 1st quarter. Penn Capital Management Company LLC now owns 154,050 shares of the company’s stock worth $12,982,000 after buying an additional 60,757 shares in the last quarter.

ModivCare Stock Up 5.6 %

Shares of MODV stock opened at $21.26 on Friday. The company has a debt-to-equity ratio of 6.30, a quick ratio of 0.78 and a current ratio of 0.78. The firm’s 50-day moving average is $29.96 and its 200-day moving average is $36.58. The stock has a market cap of $301.89 million, a price-to-earnings ratio of -1.47, a PEG ratio of 0.56 and a beta of 0.44. ModivCare Inc. has a 52-week low of $19.64 and a 52-week high of $75.54.

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

Wall Street Analysts Forecast Growth

MODV has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut shares of ModivCare from a “buy” rating to a “hold” rating and cut their price target for the stock from $60.00 to $40.00 in a research report on Friday, February 23rd. Barrington Research cut shares of ModivCare from an “outperform” rating to a “market perform” rating in a research report on Monday, February 26th. Finally, Jefferies Financial Group cut shares of ModivCare from a “buy” rating to a “hold” rating and cut their price target for the stock from $60.00 to $39.00 in a research report on Friday, February 23rd.

About ModivCare

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.