Yousif Capital Management LLC Takes Position in ModivCare Inc. (NASDAQ:MODV)

Yousif Capital Management LLC bought a new stake in shares of ModivCare Inc. (NASDAQ:MODV) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 6,208 shares of the company’s stock, valued at approximately $273,000.

Other institutional investors also recently made changes to their positions in the company. Signaturefd LLC grew its holdings in shares of ModivCare by 388.6% during the third quarter. Signaturefd LLC now owns 816 shares of the company’s stock valued at $26,000 after purchasing an additional 649 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in ModivCare by 134.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,015 shares of the company’s stock worth $63,000 after buying an additional 1,156 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in ModivCare by 27.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,854 shares of the company’s stock worth $153,000 after buying an additional 1,043 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in ModivCare in the 4th quarter worth approximately $181,000. Finally, SG Americas Securities LLC bought a new position in ModivCare in the 4th quarter worth approximately $187,000.

ModivCare Stock Performance

MODV opened at $26.79 on Tuesday. The company has a market capitalization of $380.42 million, a price-to-earnings ratio of -1.71, a price-to-earnings-growth ratio of 0.74 and a beta of 0.43. The company has a debt-to-equity ratio of 7.25, a current ratio of 0.75 and a quick ratio of 0.78. ModivCare Inc. has a 1-year low of $19.64 and a 1-year high of $59.51. The business has a 50 day moving average price of $25.55 and a two-hundred day moving average price of $35.94.

ModivCare (NASDAQ:MODV) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.05. The company had revenue of $703.22 million during the quarter, compared to the consensus estimate of $699.34 million. ModivCare had a positive return on equity of 34.93% and a negative net margin of 8.02%. Research analysts predict that ModivCare Inc. will post 4.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MODV has been the subject of a number of recent analyst reports. Barrington Research lowered ModivCare from an “outperform” rating to a “market perform” rating in a report on Monday, February 26th. Lake Street Capital raised ModivCare from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Monday. Jefferies Financial Group lowered ModivCare from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $60.00 to $39.00 in a report on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered ModivCare from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $60.00 to $40.00 in a report on Friday, February 23rd. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $49.25.

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.