7,164 Shares in ModivCare Inc. (NASDAQ:MODV) Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in shares of ModivCare Inc. (NASDAQ:MODV) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,164 shares of the company’s stock, valued at approximately $102,000.

A number of other hedge funds have also recently made changes to their positions in MODV. AYAL Capital Advisors Ltd raised its position in shares of ModivCare by 42.1% in the 2nd quarter. AYAL Capital Advisors Ltd now owns 262,904 shares of the company’s stock worth $6,899,000 after purchasing an additional 77,930 shares during the last quarter. K2 Principal Fund L.P. bought a new stake in ModivCare during the 2nd quarter valued at about $3,345,000. State Board of Administration of Florida Retirement System purchased a new position in ModivCare in the first quarter worth about $91,000. Price T Rowe Associates Inc. MD lifted its stake in shares of ModivCare by 3.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,483 shares of the company’s stock worth $481,000 after buying an additional 608 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of ModivCare by 5,522.7% during the second quarter. Nisa Investment Advisors LLC now owns 1,237 shares of the company’s stock valued at $32,000 after buying an additional 1,215 shares during the last quarter.

Analysts Set New Price Targets

MODV has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their price objective on shares of ModivCare from $25.00 to $14.00 and set a “hold” rating for the company in a report on Friday, September 13th. Lake Street Capital decreased their price target on ModivCare from $50.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, September 17th. Finally, Barrington Research upped their price target on ModivCare from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd.

Insider Buying and Selling

In other news, major shareholder Q Global Capital Management, L bought 50,748 shares of the stock in a transaction on Wednesday, October 23rd. The shares were bought at an average price of $14.16 per share, with a total value of $718,591.68. Following the completion of the acquisition, the insider now owns 1,475,038 shares in the company, valued at $20,886,538.08. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 10.90% of the stock is currently owned by corporate insiders.

ModivCare Stock Performance

Shares of MODV stock opened at $14.41 on Monday. The firm has a market capitalization of $204.78 million, a PE ratio of -0.92, a P/E/G ratio of 1.82 and a beta of 0.49. The company has a 50 day moving average price of $19.67 and a 200-day moving average price of $23.16. ModivCare Inc. has a 52 week low of $11.00 and a 52 week high of $52.33. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 103.63.

ModivCare (NASDAQ:MODV) last posted its earnings results on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.80). The company had revenue of $698.30 million during the quarter, compared to the consensus estimate of $701.00 million. ModivCare had a positive return on equity of 27.52% and a negative net margin of 5.80%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm posted $1.41 EPS. As a group, equities research analysts expect that ModivCare Inc. will post 1.06 earnings per share for the current year.

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.