ModivCare Inc. (NASDAQ:MODV) Holdings Decreased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in shares of ModivCare Inc. (NASDAQ:MODV) by 30.3% in the third quarter, Holdings Channel.com reports. The firm owned 11,373 shares of the company’s stock after selling 4,936 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ModivCare were worth $2,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MODV. William Blair Investment Management LLC acquired a new stake in shares of ModivCare in the second quarter worth about $100,000. Advisor Group Holdings Inc. increased its stake in shares of ModivCare by 21.0% in the third quarter. Advisor Group Holdings Inc. now owns 991 shares of the company’s stock worth $180,000 after purchasing an additional 172 shares during the period. Royal Bank of Canada increased its stake in shares of ModivCare by 72.1% in the second quarter. Royal Bank of Canada now owns 1,124 shares of the company’s stock worth $191,000 after purchasing an additional 471 shares during the period. NorthRock Partners LLC bought a new position in ModivCare during the second quarter valued at about $201,000. Finally, Profund Advisors LLC bought a new position in ModivCare during the second quarter valued at about $227,000.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered ModivCare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. TheStreet downgraded ModivCare from a “b” rating to a “c” rating in a report on Friday, November 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on ModivCare in a report on Friday, December 17th. They set a “buy” rating and a $180.00 price objective on the stock.

Shares of NASDAQ:MODV opened at $129.01 on Friday. The company has a 50-day simple moving average of $143.41 and a 200 day simple moving average of $164.64. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $1.81 billion, a P/E ratio of 85.44, a price-to-earnings-growth ratio of 1.38 and a beta of 0.60. ModivCare Inc. has a 52-week low of $121.00 and a 52-week high of $211.94.

ModivCare (NASDAQ:MODV) last announced its earnings results on Friday, November 5th. The company reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.21. The company had revenue of $493.10 million for the quarter, compared to analysts’ expectations of $502.45 million. ModivCare had a net margin of 1.20% and a return on equity of 23.04%. The business’s revenue for the quarter was up 53.8% on a year-over-year basis. During the same period last year, the firm earned $2.69 earnings per share. As a group, equities analysts forecast that ModivCare Inc. will post 7.54 earnings per share for the current year.

ModivCare Profile

ModivCare, Inc provides technology-enabled services, which offers integrated supportive care solutions for public and private payors and their patients. It operates through the following business segments: Non-Emergency Medical Transportation (NEMT), Matrix Investment, and Personal Care. The NEMT segment operates under the brands ModivCare Solutions, LLC, and Circulation and includes the Company’s activities for executive, accounting, finance, internal audit, tax, legal, certain strategic and development functions and the Company’s insurance captive.

Featured Article: How does equity income fit into an investing strategy?

Want to see what other hedge funds are holding MODV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ModivCare Inc. (NASDAQ:MODV).

Institutional Ownership by Quarter for ModivCare (NASDAQ:MODV)

Receive News & Ratings for ModivCare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ModivCare and related companies with MarketBeat.com's FREE daily email newsletter.