Dimensional Fund Advisors LP Has $3.01 Million Stock Holdings in ModivCare Inc. (NASDAQ:MODV)

Dimensional Fund Advisors LP decreased its holdings in shares of ModivCare Inc. (NASDAQ:MODV) by 8.4% in the 4th quarter, HoldingsChannel reports. The firm owned 254,480 shares of the company’s stock after selling 23,340 shares during the period. Dimensional Fund Advisors LP’s holdings in ModivCare were worth $3,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its holdings in shares of ModivCare by 82.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 5,100 shares of the company’s stock worth $60,000 after buying an additional 2,300 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of ModivCare during the fourth quarter worth $77,000. Mariner LLC acquired a new stake in shares of ModivCare during the fourth quarter worth $120,000. Barclays PLC lifted its holdings in shares of ModivCare by 249.4% during the third quarter. Barclays PLC now owns 15,235 shares of the company’s stock worth $218,000 after buying an additional 10,875 shares in the last quarter. Finally, American Century Companies Inc. lifted 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 worth $295,000 after buying an additional 2,403 shares in the last quarter.

ModivCare Stock Down 6.5%

MODV opened at $1.16 on Wednesday. The company has a debt-to-equity ratio of 103.63, a quick ratio of 0.80 and a current ratio of 0.80. ModivCare Inc. has a fifty-two week low of $0.96 and a fifty-two week high of $32.82. The company has a market capitalization of $16.64 million, a P/E ratio of -0.09, a P/E/G ratio of 3.46 and a beta of 0.89. The stock has a fifty day moving average of $1.55 and a 200-day moving average of $7.70.

Wall Street Analysts Forecast Growth

MODV has been the subject of a number of research reports. Stephens dropped their target price on ModivCare from $7.00 to $3.50 and set an “equal weight” rating for the company in a report on Monday, March 10th. Barrington Research reissued a “market perform” rating on shares of ModivCare in a report on Monday.

About ModivCare

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.