Argent Capital Management LLC bought a new position in shares of ModivCare Inc. (NASDAQ:MODV) during the first quarter, HoldingsChannel.com reports. The firm bought 3,385 shares of the company’s stock, valued at approximately $501,000.
Other large investors have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of ModivCare in the first quarter worth $25,000. Versant Capital Management Inc bought a new stake in ModivCare during the first quarter valued at about $29,000. KBC Group NV purchased a new position in shares of ModivCare in the first quarter valued at about $50,000. Asset Dedication LLC bought a new position in shares of ModivCare in the first quarter worth about $53,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of ModivCare during the fourth quarter worth about $100,000.
NASDAQ MODV opened at $161.78 on Friday. The firm’s 50 day moving average price is $144.56. ModivCare Inc. has a one year low of $72.98 and a one year high of $184.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.16. The company has a market cap of $2.27 billion, a P/E ratio of 61.98, a P/E/G ratio of 2.48 and a beta of 0.62.
Several equities research analysts have recently issued reports on the stock. TheStreet upgraded shares of ModivCare from a “c+” rating to a “b” rating in a research report on Tuesday, May 18th. Barrington Research raised their price objective on ModivCare from $162.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, May 10th. Finally, Zacks Investment Research downgraded ModivCare from a “hold” rating to a “sell” rating in a research report on Tuesday, March 9th.
ModivCare Inc, a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and patients. It offers non-emergency medical transportation services for Medicaid or Medicare eligible members, whose limited mobility or financial resources hinder their ability to access necessary healthcare and social services.
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