ModivCare Inc. (NASDAQ:MODV - Get Free Report) major shareholder Q Global Capital Management, L acquired 3,352 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was purchased at an average price of $17.74 per share, for a total transaction of $59,464.48. Following the acquisition, the insider now directly owns 1,924,985 shares in the company, valued at $34,149,233.90. This represents a 0.17 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 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, December 6th, Q Global Capital Management, L bought 9,210 shares of ModivCare stock. The shares were bought at an average price of $17.73 per share, for a total transaction of $163,293.30.
- On Monday, December 2nd, Q Global Capital Management, L acquired 1,583 shares of ModivCare stock. The shares were bought at an average cost of $17.75 per share, for a total transaction of $28,098.25.
- On Friday, November 29th, Q Global Capital Management, L purchased 198 shares of ModivCare stock. The shares were bought at an average price of $17.75 per share, for a total transaction of $3,514.50.
- On Wednesday, November 27th, Q Global Capital Management, L acquired 126 shares of ModivCare stock. The shares were purchased at an average price of $17.74 per share, with a total value of $2,235.24.
- On Thursday, November 21st, Q Global Capital Management, L purchased 23,657 shares of ModivCare stock. The shares were purchased at an average price of $16.92 per share, with a total value of $400,276.44.
- On Tuesday, November 19th, Q Global Capital Management, L purchased 21,411 shares of ModivCare stock. The shares were acquired at an average price of $15.59 per share, with a total value of $333,797.49.
- On Thursday, November 7th, Q Global Capital Management, L bought 58,191 shares of ModivCare stock. The shares were bought at an average cost of $17.13 per share, with a total value of $996,811.83.
- On Monday, November 4th, Q Global Capital Management, L bought 20,927 shares of ModivCare stock. The stock was bought at an average price of $16.13 per share, with a total value of $337,552.51.
- On Friday, November 1st, Q Global Capital Management, L bought 33,495 shares of ModivCare stock. The stock was purchased at an average cost 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 stock was bought at an average price of $15.89 per share, for a total transaction of $608,459.88.
ModivCare Trading Up 1.8 %
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Shares of MODV opened at $18.07 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 103.63. ModivCare Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $52.33. The firm has a 50-day simple moving average of $16.46 and a 200-day simple moving average of $21.62.
ModivCare (NASDAQ:MODV - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.04). ModivCare had a negative net margin of 6.57% and a positive return on equity of 26.14%. The company had revenue of $702.04 million during the quarter, compared to analysts' expectations of $711.28 million. During the same quarter last year, the business posted $1.35 earnings per share. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts forecast that ModivCare Inc. will post 0.64 EPS for the current year.
Institutional Trading of ModivCare
A number of institutional investors have recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC boosted its stake in shares of ModivCare by 3.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 14,511 shares of the company's stock worth $381,000 after acquiring an additional 530 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in ModivCare by 3.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,483 shares of the company's stock worth $481,000 after purchasing an additional 608 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in ModivCare by 5,522.7% in the second 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 during the last quarter. Quest Partners LLC raised its stake in shares of ModivCare by 49.9% during the 2nd quarter. Quest Partners LLC now owns 4,003 shares of the company's stock worth $105,000 after buying an additional 1,332 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of ModivCare by 9.5% in the 2nd quarter. American Century Companies Inc. now owns 19,916 shares of the company's stock worth $523,000 after buying an additional 1,726 shares in the last quarter.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on MODV shares. Barrington Research reissued an "outperform" rating and issued a $25.00 target price on shares of ModivCare in a report on Monday, November 18th. Lake Street Capital cut their target price on ModivCare from $50.00 to $30.00 and set a "buy" rating on the stock in a research report on Tuesday, September 17th. Finally, Jefferies Financial Group decreased their target price on ModivCare from $25.00 to $14.00 and set a "hold" rating for the company in a research report on Friday, September 13th.
View Our Latest Stock Analysis on MODV
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.
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