Mutual of America Capital Management LLC Purchases 9,235 Shares of ModivCare Inc. (NASDAQ:MODV)

Mutual of America Capital Management LLC increased its position in shares of ModivCare Inc. (NASDAQ:MODV) by 30.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 39,092 shares of the company’s stock after acquiring an additional 9,235 shares during the period. Mutual of America Capital Management LLC’s holdings in ModivCare were worth $1,720,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Signaturefd LLC increased its holdings in shares of ModivCare by 388.6% in the third quarter. Signaturefd LLC now owns 816 shares of the company’s stock worth $26,000 after purchasing an additional 649 shares during the period. State of Wyoming increased its stake in ModivCare by 200.5% in the 2nd quarter. State of Wyoming now owns 619 shares of the company’s stock worth $28,000 after acquiring an additional 413 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of ModivCare by 54.7% in the 3rd quarter. Federated Hermes Inc. now owns 359 shares of the company’s stock valued at $36,000 after acquiring an additional 127 shares in the last quarter. Tower Research Capital LLC TRC boosted its position 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 valued at $36,000 after acquiring an additional 339 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of ModivCare by 134.6% during the third 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 in the last quarter.

Analyst Upgrades and Downgrades

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

ModivCare Trading Up 5.6 %

Shares of MODV stock opened at $21.26 on Monday. ModivCare Inc. has a 1 year low of $19.64 and a 1 year high of $75.54. The firm has a fifty day moving average price of $29.96 and a 200-day moving average price of $36.71. The company has a market cap of $301.89 million, a price-to-earnings ratio of -1.47, a PEG ratio of 0.57 and a beta of 0.44. 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 (NASDAQ:MODV) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.05. The firm had revenue of $703.22 million during 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%. As a group, equities analysts predict that ModivCare Inc. will post 4.22 earnings per share for the current year.

ModivCare Company 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.