ModivCare (MODV)

Company Profile

modivcare is a healthcare services leader. our company was created to address the social determinants of health (sdoh) by providing non-emergency medical transportation (nemt), personal care, nutritious meals, and remote patient monitoring. we provide integrated technologies that support care solutions for payors and their members – leading to greater access to care, reduced costs, and improved outcomes.

Company profile

Ticker

MODV

Exchange

NASDAQ

Website

www.prscholdings.com/

CEO

Daniel Greenleaf

Incorporated

Delaware

Location

Colorado

Fiscal year end

Dec 31

Sector

Health Care and Social Assistance > Other Individual and Family Services

Industry (SIC)

Transportation Services

Booking • Expedia • GXO Logistics • GATX • RXO • XPO • Virgin Galactic • Tuniu • Despegar.com • Lindblad Expeditions ...

Former names

PROVIDENCE SERVICE CORP

SEC CIK

0001220754

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

ModivCare Solutions, LLC • Circulation, Inc. • Health Trans, Inc. • Provado Technologies, LLC • Red Top Transportation, Inc. • Ride Plus, LLC • Ingeus Investments Limited • Ingeus, LLC • Prometheus Holdco, LLC • Victory Health Holdings, LLC ...

IRS number

860845127

MODV stock data

1M 1Y 5Y

Latest filings (excl ownership)

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8-K

Modivcare Announces Barbara Gutierrez to Join as Chief Financial Officer

3 Aug 23

Modivcare Reports Second Quarter 2023

3 Aug 23

8-K

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

26 Jun 23

8-K

Amendments to Articles of Incorporation or Bylaws

15 Jun 23

DEFA14A

Additional proxy soliciting materials

7 Jun 23

8-K

Settlement Agreement and General Release of All Claims

18 May 23

DEFA14A

Additional proxy soliciting materials

3 May 23

First Quarter 2023 Financial Results

3 May 23

Transcripts

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MODV

Earnings call transcript

2023 Q2

4 Aug 23

MODV

Earnings call transcript

2023 Q1

4 May 23

MODV

Earnings call transcript

2022 Q4

23 Feb 23

MODV

Earnings call transcript

2022 Q2

7 Aug 22

MODV

Earnings call transcript

2022 Q1

7 May 22

MODV

Earnings call transcript

2021 Q4

25 Feb 22

MODV

Earnings call transcript

2021 Q3

5 Nov 21

MODV

Earnings call transcript

2021 Q2

8 Aug 21

MODV

Earnings call transcript

2021 Q1

9 May 21

MODV

Earnings call transcript

2020 Q3

7 Nov 20

Latest ownership filings

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Coliseum Capital Management, LLC

18 Sep 23

Christopher S Shackelton

15 Sep 23

SC 13D/A

Coliseum Capital Management, LLC

13 Sep 23

Christopher S Shackelton

13 Sep 23

SC 13D/A

Coliseum Capital Management, LLC

11 Sep 23

Christopher S Shackelton

11 Sep 23

Henry Toledo

7 Sep 23

Financial summary

Financial statements Chart MODV financial data

Quarter (USD)	Jun 23	Mar 23	Dec 22	Sep 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	7.47 mm	7.47 mm	7.47 mm	7.47 mm	7.47 mm	7.47 mm
Cash burn (monthly)	1.97 mm	6.71 mm	64.24 mm	15.09 mm	36.07 mm	14.38 mm
Cash used (since last report)	5.55 mm	18.89 mm	180.88 mm	42.49 mm	101.57 mm	40.48 mm
Cash remaining	1.92 mm	-11.43 mm	-173.41 mm	-35.03 mm	-94.10 mm	-33.01 mm
Runway (months of cash)	1.0	-1.7	-2.7	-2.3	-2.6	-2.3

Beta Read what these cash burn values mean

Financial data from ModivCare earnings reports.

Institutional ownership, Q2 2023

MODV institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	148	159	-6.9%
Opened positions	26	19	+36.8%
Closed positions	37	18	+105.6%
Increased positions	59	59	–
Reduced positions	45	60	-25.0%

13F shares	Current	Prev Q	Change
Total value	658.38 bn	1.23 tn	-46.4%
Total shares	14.70 mm	14.65 mm	+0.4%
Total puts	16.10 k	6.20 k	+159.7%
Total calls	4.10 k	11.00 k	-62.7%
Total put/call ratio	3.9	0.6	+596.7%

Largest owners	Shares	Value	Change
BLK Blackrock	2.06 mm	$93.01 bn	-0.7%
Coliseum Capital Management	1.67 mm	$75.41 bn	+19.2%
T. Rowe Price Investment Management	1.15 mm	$52.70 bn	-2.8%
Vanguard	923.78 k	$41.76 bn	+0.1%
Fuller & Thaler Asset Management	918.63 k	$41.53 bn	-0.2%
Neuberger Berman	681.20 k	$30.80 bn	+62.7%
Silvercrest Asset Management	648.56 k	$29.32 bn	+0.5%
STT State Street	533.61 k	$24.12 bn	+4.9%
Renaissance Technologies	473.96 k	$21.68 bn	-5.8%
Dimensional Fund Advisors	465.79 k	$21.06 bn	-3.0%

Largest transactions	Shares	Bought/sold	Change
Loomis Sayles & Co L P	0.00	-292.06 k	EXIT
Coliseum Capital Management	1.67 mm	+268.71 k	+19.2%
Neuberger Berman	681.20 k	+262.40 k	+62.7%
JHG Janus Henderson	5.53 k	-179.09 k	-97.0%
Millennium Management	174.73 k	+174.73 k	NEW
FMR	61.75 k	-121.14 k	-66.2%
Voya Investment Management	5.16 k	-119.89 k	-95.9%
American Century Companies	8.88 k	-108.62 k	-92.4%
Penn Capital Management	54.17 k	-99.88 k	-64.8%
Cambridge Investment Research Advisors	87.56 k	+87.56 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MODV insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
18 Sep 23	Barbara Gutierrez	Common Stock	Grant	Acquire A	No	No	0	8,573	0.00	8,573
18 Sep 23	Barbara Gutierrez	RSU Common Stock	Grant	Acquire A	No	No	0	12,860	0.00	12,860
15 Sep 23	Sampson L Heath	Common Stock	Buy	Acquire P	No	No	34.574	3,500	121.01 k	27,966
15 Sep 23	Coliseum Capital Management	Common Stock	Buy	Acquire P	Yes	No	35.7	4,362	155.72 k	2,982,751
15 Sep 23	Coliseum Capital Management	Common Stock	Buy	Acquire P	Yes	No	35.25	152,801	5.39 mm	2,978,389
15 Sep 23	Coliseum Capital Management	Common Stock	Buy	Acquire P	Yes	No	34.13	47,216	1.61 mm	2,825,588
13 Sep 23	Coliseum Capital Management	Common Stock	Buy	Acquire P	Yes	No	29.25	96,441	2.82 mm	2,778,372
13 Sep 23	Coliseum Capital Management	Common Stock, par value $0.001 per share ("Common Stock")	Buy	Acquire P	Yes	No	28.66	29,396	842.49 k	2,681,931
12 Sep 23	Coliseum Capital Management	Common Stock	Buy	Acquire P	Yes	No	28.5	79,726	2.27 mm	2,652,535
11 Sep 23	Coliseum Capital Management	Common Stock	Buy	Acquire P	Yes	No	31	101,439	3.14 mm	2,572,809