ModivCare Inc. (NASDAQ:MODV - Get Free Report) major shareholder Q Global Capital Management, L purchased 20,556 shares of the business's stock in a transaction that occurred on Friday, October 25th. The stock was bought at an average price of $14.65 per share, for a total transaction of $301,145.40. Following the acquisition, the insider now owns 1,520,394 shares of the company's stock, valued at $22,273,772.10. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Q Global Capital Management, L also recently made the following trade(s):
- On Monday, October 28th, Q Global Capital Management, L purchased 25,496 shares of ModivCare stock. The stock was bought at an average price of $15.69 per share, for a total transaction of $400,032.24.
- On Wednesday, October 23rd, Q Global Capital Management, L purchased 50,748 shares of ModivCare stock. The stock was bought at an average price of $14.16 per share, for a total transaction of $718,591.68.
ModivCare Stock Performance
Shares of MODV stock opened at $15.48 on Wednesday. ModivCare Inc. has a 12 month low of $11.00 and a 12 month high of $52.33. The stock has a market cap of $220.44 million, a PE ratio of -1.37, a price-to-earnings-growth ratio of 1.87 and a beta of 0.49. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 103.63. The company's fifty day moving average price is $19.25 and its 200-day moving average price is $23.06.
625,000% Gain
From Crypto Swap Profits | Ad
The recent pullback in the crypto markets has left many investors in full-on panic mode, convinced the bull run is over.
But if history has taught us anything, it’s that this is only the beginning.
>> Dive into the Workshop Here
ModivCare (NASDAQ:MODV - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.80). ModivCare had a negative net margin of 5.80% and a positive return on equity of 27.52%. The business had revenue of $698.30 million for the quarter, compared to the consensus estimate of $701.00 million. During the same quarter last year, the firm posted $1.41 EPS. The business's quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts expect that ModivCare Inc. will post 1.06 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on MODV. Barrington Research lifted their price target on shares of ModivCare from $19.00 to $22.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. Jefferies Financial Group cut their price target on shares of ModivCare from $25.00 to $14.00 and set a "hold" rating on the stock in a report on Friday, September 13th. Finally, Lake Street Capital dropped their target price on shares of ModivCare from $50.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, September 17th.
Read Our Latest Stock Analysis on MODV
Hedge Funds Weigh In On ModivCare
Several large investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of ModivCare in the 3rd quarter worth about $102,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of ModivCare in the 2nd quarter worth about $581,000. Millennium Management LLC raised its position in shares of ModivCare by 83.2% in the 2nd quarter. Millennium Management LLC now owns 841,295 shares of the company's stock worth $22,076,000 after purchasing an additional 381,995 shares during the last quarter. Deerfield Management Company L.P. Series C purchased a new position in shares of ModivCare in the 2nd quarter worth about $206,000. Finally, AQR Capital Management LLC raised its position in shares of ModivCare by 16.0% in the 2nd quarter. AQR Capital Management LLC now owns 40,444 shares of the company's stock worth $1,061,000 after purchasing an additional 5,592 shares during the last quarter.
About ModivCare
(
Get 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 Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
