1 week Ago By ABMN Staff
Prudential Financial Inc. lowered its position in ModivCare Inc. ( NASDAQ:MODV – Free Report ) by 55.
2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 20,798 shares of the company’s stock after selling 25,600 shares during the period. Prudential Financial Inc.
owned 0.15% of ModivCare worth $246,000 as of its most recent filing with the SEC. Other institutional investors also recently modified their holdings of the company.
Wilmington Savings Fund Society FSB acquired a new stake in shares of ModivCare during the 3rd quarter worth approximately $43,000. FMR LLC boosted its stake in ModivCare by 227.5% during the third quarter.
FMR LLC now owns 3,825 shares of the company’s stock worth $55,000 after acquiring an additional 2,657 shares in the last quarter. Quantbot Technologies LP acquired a new stake in ModivCare in the fourth quarter worth $77,000. Barclays PLC increased its stake in ModivCare by 249.
4% in the third quarter. Barclays PLC now owns 15,235 shares of the company’s stock valued at $218,000 after purchasing an additional 10,875 shares in the last quarter. Finally, American Century Companies Inc.
raised its holdings in shares of ModivCare by 10.7% during the fourth quarter. American Century Companies Inc.
now owns 24,892 shares of the company’s stock valued at $295,000 after purchasing an additional 2,403 shares during the period. Analysts Set New Price Targets MODV has been the subject of a number of research reports. Stephens reduced their price objective on ModivCare from $7.
00 to $3.50 and set an “equal weight” rating for the company in a research note on Monday, March 10th. Lake Street Capital cut their target price on ModivCare from $30.
00 to $10.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Barrington Research decreased their price target on shares of ModivCare from $10.
00 to $6.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Insider Transactions at ModivCare In other news, major shareholder Q Global Capital Management, L sold 262,532 shares of the company’s stock in a transaction dated Monday, January 13th.
The stock was sold at an average price of $6.53, for a total value of $1,714,333.96.
Following the completion of the transaction, the insider now directly owns 1,221,933 shares in the company, valued at approximately $7,979,222.49. This represents a 17.
69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, major shareholder Catalyst Fund Lp Ai bought 187,500 shares of the business’s stock in a transaction on Friday, January 31st.
The stock was purchased at an average cost of $4.03 per share, with a total value of $755,625.00.
Following the purchase, the insider now owns 1,942,500 shares of the company’s stock, valued at $7,828,275. This represents a 10.68 % increase in their ownership of the stock.
The disclosure for this purchase can be found here . Insiders own 1.20% of the company’s stock.
ModivCare Trading Down 7.3 % Shares of MODV stock opened at $1.27 on Friday.
The company has a debt-to-equity ratio of 103.63, a current ratio of 0.80 and a quick ratio of 0.
80. ModivCare Inc. has a 1 year low of $0.
98 and a 1 year high of $32.82. The stock has a market capitalization of $18.
21 million, a price-to-earnings ratio of -0.10, a PEG ratio of 3.46 and a beta of 0.
88. The company’s fifty day simple moving average is $3.19 and its two-hundred day simple moving average is $9.
96. 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.
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