SG Americas Securities LLC Acquires Shares of 4,257 ModivCare Inc. (NASDAQ:MODV)

SG Americas Securities LLC acquired a new stake in shares of ModivCare Inc. (NASDAQ:MODV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,257 shares of the company’s stock, valued at approximately $187,000.

A number of other hedge funds have also recently bought and sold shares of MODV. T. Rowe Price Investment Management Inc. grew its stake in ModivCare by 35.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,134,756 shares of the company’s stock valued at $101,822,000 after purchasing an additional 294,108 shares in the last quarter. Neuberger Berman Group LLC grew its stake in ModivCare by 81.4% during the 1st quarter. Neuberger Berman Group LLC now owns 330,136 shares of the company’s stock valued at $38,094,000 after purchasing an additional 148,191 shares in the last quarter. FMR LLC grew its stake in ModivCare by 222.4% during the 1st quarter. FMR LLC now owns 182,889 shares of the company’s stock valued at $15,377,000 after purchasing an additional 126,170 shares in the last quarter. Citadel Advisors LLC grew its stake in ModivCare by 365.7% during the 2nd quarter. Citadel Advisors LLC now owns 81,770 shares of the company’s stock valued at $6,909,000 after purchasing an additional 64,210 shares in the last quarter. Finally, Penn Capital Management Company LLC grew its position in shares of ModivCare by 65.1% in the 1st quarter. Penn Capital Management Company LLC now owns 154,050 shares of the company’s stock worth $12,982,000 after acquiring an additional 60,757 shares in the last quarter.

Analyst Ratings Changes

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

ModivCare Trading Down 0.2 %

Shares of NASDAQ MODV opened at $22.48 on Friday. The company has a market cap of $319.22 million, a price-to-earnings ratio of -1.56, a price-to-earnings-growth ratio of 0.61 and a beta of 0.44. ModivCare Inc. has a 12-month low of $20.30 and a 12-month high of $83.19. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 6.30. The stock’s 50 day simple moving average is $32.02 and its 200 day simple moving average is $36.95.

ModivCare (NASDAQ:MODV) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.05. The business had revenue of $703.22 million for the quarter, compared to the consensus estimate of $699.34 million. ModivCare had a positive return on equity of 36.50% and a negative net margin of 7.42%. Equities research analysts expect that ModivCare Inc. will post 4.22 EPS 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.