ModivCare Inc. (NASDAQ:MODV - Get Free Report) major shareholder Q Global Capital Management, L bought 20,927 shares of the stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of $16.13 per share, with a total value of $337,552.51. Following the completion of the acquisition, the insider now directly owns 1,742,544 shares of the company's stock, valued at approximately $28,107,234.72. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Q Global Capital Management, L also recently made the following trade(s):
- On Friday, November 1st, Q Global Capital Management, L bought 33,495 shares of ModivCare stock. The shares were acquired at an average price of $16.15 per share, with a total value of $540,944.25.
- On Wednesday, October 30th, Q Global Capital Management, L acquired 38,292 shares of ModivCare stock. The shares were purchased at an average price of $15.89 per share, with a total value of $608,459.88.
- On Monday, October 28th, Q Global Capital Management, L acquired 25,496 shares of ModivCare stock. The shares were acquired at an average cost of $15.69 per share, with a total value of $400,032.24.
- On Friday, October 25th, Q Global Capital Management, L acquired 20,556 shares of ModivCare stock. The shares were bought at an average cost of $14.65 per share, with a total value of $301,145.40.
- On Wednesday, October 23rd, Q Global Capital Management, L bought 50,748 shares of ModivCare stock. The shares were acquired at an average cost of $14.16 per share, with a total value of $718,591.68.
ModivCare Stock Performance
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ModivCare stock opened at $16.95 on Thursday. The firm has a 50-day moving average of $18.20 and a 200-day moving average of $22.88. ModivCare Inc. has a 1-year low of $11.00 and a 1-year high of $52.33. 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 firm has a market cap of $241.37 million, a P/E ratio of -1.50, a P/E/G ratio of 2.12 and a beta of 0.47.
ModivCare (NASDAQ:MODV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.80). The company had revenue of $698.30 million for the quarter, compared to analysts' expectations of $701.00 million. ModivCare had a negative net margin of 5.80% and a positive return on equity of 27.52%. The business's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.41 EPS. Sell-side analysts expect that ModivCare Inc. will post 1.06 EPS for the current year.
Institutional Trading of ModivCare
A number of institutional investors and hedge funds have recently bought and sold shares of MODV. SummerHaven Investment Management LLC boosted its stake in shares of ModivCare by 3.8% during the second quarter. SummerHaven Investment Management LLC now owns 14,511 shares of the company's stock valued at $381,000 after purchasing an additional 530 shares during the period. Price T Rowe Associates Inc. MD raised its stake in ModivCare by 3.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,483 shares of the company's stock valued at $481,000 after buying an additional 608 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in ModivCare by 5,522.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,237 shares of the company's stock valued at $32,000 after purchasing an additional 1,215 shares in the last quarter. Quest Partners LLC raised its stake in ModivCare by 49.9% in the 2nd quarter. Quest Partners LLC now owns 4,003 shares of the company's stock worth $105,000 after acquiring an additional 1,332 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in ModivCare by 9.5% in the second quarter. American Century Companies Inc. now owns 19,916 shares of the company's stock valued at $523,000 after buying an additional 1,726 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on MODV shares. Lake Street Capital decreased their price objective on ModivCare from $50.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, September 17th. Jefferies Financial Group reduced their target price on ModivCare from $25.00 to $14.00 and set a "hold" rating on the stock in a report on Friday, September 13th. Finally, Barrington Research lifted their target price on shares of ModivCare from $19.00 to $22.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd.
Read Our Latest Stock Report on MODV
ModivCare Company Profile
(
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.
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