7 hours Ago By ABMN Staff
Marshall Wace LLP lessened its holdings in shares of ModivCare Inc. ( NASDAQ:MODV – Free Report ) by 47.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 93,355 shares of the company’s stock after selling 85,901 shares during the period. Marshall Wace LLP owned about 0.65% of ModivCare worth $1,105,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Barclays PLC grew its position in shares of ModivCare by 13.8% during the 4th quarter.
Barclays PLC now owns 17,330 shares of the company’s stock worth $205,000 after purchasing an additional 2,095 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of ModivCare by 0.9% during the 4th quarter.
Geode Capital Management LLC now owns 262,929 shares of the company’s stock worth $3,114,000 after acquiring an additional 2,342 shares in the last quarter. American Century Companies Inc. increased its stake in ModivCare by 10.
7% in the fourth quarter. American Century Companies Inc. now owns 24,892 shares of the company’s stock valued at $295,000 after acquiring an additional 2,403 shares during the last quarter.
Wilmington Savings Fund Society FSB acquired a new position in ModivCare during the third quarter valued at approximately $43,000. Finally, Quantbot Technologies LP bought a new stake in ModivCare during the fourth quarter worth $77,000. Analyst Ratings Changes Several brokerages have recently issued reports on MODV.
Barrington Research decreased their price target on ModivCare from $10.00 to $6.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th.
Lake Street Capital reduced their price objective on ModivCare from $30.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, January 13th.
Finally, Stephens reduced their price objective on ModivCare from $7.00 to $3.50 and set an “equal weight” rating on the stock in a research report on Monday, March 10th.
ModivCare Trading Down 9.6 % NASDAQ MODV opened at $1.27 on Wednesday.
The business’s 50-day moving average price is $2.09 and its two-hundred day moving average price is $8.69.
ModivCare Inc. has a 12 month low of $0.96 and a 12 month high of $32.
82. The firm has a market capitalization of $18.14 million, a PE ratio of -0.
10, a price-to-earnings-growth ratio of 3.46 and a beta of 0.88.
The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 103.
63. Insider Buying and Selling at ModivCare In other ModivCare news, major shareholder Catalyst Fund Lp Ai acquired 187,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were bought at an average cost of $3.
87 per share, with a total value of $725,625.00. Following the purchase, the insider now directly owns 2,130,000 shares of the company’s stock, valued at $8,243,100.
This trade represents a 9.65 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
Corporate insiders own 1.20% of the company’s stock. ModivCare Profile ( Free Report ) 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. Featured Stories 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.
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