SG Americas Securities LLC Trims Stock Position in ModivCare Inc. (NASDAQ:MODV)

SG Americas Securities LLC lessened its stake in shares of ModivCare Inc. (NASDAQ:MODVGet Rating) by 5.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,118 shares of the company’s stock after selling 242 shares during the quarter. SG Americas Securities LLC’s holdings in ModivCare were worth $475,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MODV. City State Bank purchased a new stake in shares of ModivCare during the 4th quarter worth approximately $78,000. Maverick Capital Ltd. acquired a new position in shares of ModivCare in the 4th quarter valued at $135,000. Everence Capital Management Inc. acquired a new position in shares of ModivCare in the 1st quarter valued at $246,000. Great Lakes Advisors LLC acquired a new position in shares of ModivCare in the 4th quarter valued at $259,000. Finally, Teacher Retirement System of Texas increased its holdings in shares of ModivCare by 18.0% in the 4th quarter. Teacher Retirement System of Texas now owns 2,440 shares of the company’s stock valued at $362,000 after acquiring an additional 372 shares during the period. Hedge funds and other institutional investors own 73.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MODV shares. Stephens reaffirmed an “initiates” rating on shares of ModivCare in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut their target price on shares of ModivCare from $150.00 to $130.00 in a report on Friday, May 6th.

ModivCare Stock Performance

Shares of MODV opened at $105.03 on Friday. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $1.48 billion, a P/E ratio of -57.81, a P/E/G ratio of 1.36 and a beta of 0.84. The company’s fifty day moving average is $93.25 and its two-hundred day moving average is $103.69. ModivCare Inc. has a 1 year low of $80.55 and a 1 year high of $211.94.

ModivCare (NASDAQ:MODVGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.01). The firm had revenue of $574.50 million during the quarter, compared to analyst estimates of $565.77 million. ModivCare had a negative net margin of 1.18% and a positive return on equity of 26.94%. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.92 earnings per share. On average, sell-side analysts predict that ModivCare Inc. will post 6.29 earnings per share for the current year.

About ModivCare

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ModivCare Inc, a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and patients. The company operates through four segments: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Patient Monitoring (RPM), and the Matrix Investment.

Further Reading

Institutional Ownership by Quarter for ModivCare (NASDAQ:MODV)

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