D. E. Shaw & Co. Inc. Has $3.44 Million Stock Holdings in ModivCare Inc. (NASDAQ:MODV)

D. E. Shaw & Co. Inc. lifted its holdings in ModivCare Inc. (NASDAQ:MODV) by 9.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 290,629 shares of the company’s stock after purchasing an additional 25,680 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in ModivCare were worth $3,441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board grew its position in shares of ModivCare by 82.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 5,100 shares of the company’s stock valued at $60,000 after purchasing an additional 2,300 shares during the period. Quantbot Technologies LP acquired a new position in ModivCare during the 4th quarter worth approximately $77,000. Mariner LLC acquired a new position in ModivCare during the 4th quarter worth approximately $120,000. Susquehanna Fundamental Investments LLC acquired a new position in ModivCare during the 4th quarter worth approximately $144,000. Finally, Barclays PLC boosted its position in ModivCare by 249.4% during the 3rd quarter. Barclays PLC now owns 15,235 shares of the company’s stock worth $218,000 after acquiring an additional 10,875 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Stephens reduced their price target on ModivCare from $7.00 to $3.50 and set an “equal weight” rating for the company in a research report on Monday, March 10th. Barrington Research reaffirmed a “market perform” rating on shares of ModivCare in a research report on Monday, May 12th.

ModivCare Trading Up 3.9%

Shares of ModivCare stock opened at $0.92 on Monday. ModivCare Inc. has a 12-month low of $0.88 and a 12-month high of $32.82. The stock has a market cap of $13.27 million, a P/E ratio of -0.07, a P/E/G ratio of 3.46 and a beta of 0.89. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 103.63. The business’s 50 day moving average is $1.45 and its 200-day moving average is $7.34.

ModivCare Company Profile

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.