ModivCare Inc., a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and patients. The company operates through four segments: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Patient Monitoring (RPM), and the Matrix Investment. The NEMT segment offers contact center management, network credentialing, claims management, and non-emergency medical transport management services for Medicaid or Medicare eligible members, whose limited mobility or financial resources hinder their ability to access necessary healthcare and social services. The Personal Care segment provides bathing, personal hygiene, grooming, oral care, dressing, medication reminders, meal planning, preparation and feeding, housekeeping, transportation services, prescription reminders, and assistance with dressing and ambulation services through placing non-medical personal care assistants, home health aides, and skilled nurses primarily to Medicaid patients in need of care monitoring and assistance in performing daily living activities, including senior citizens and disabled adults. The RPM segment offers personal emergency response systems, vitals monitoring, medication management, and data-driven patient engagement solutions. The Matrix Investment segment provides in-home and on-site care services, as well as a fleet of mobile health clinics that offers community-based care with advanced diagnostic capabilities and care options. It serves federal, state, and local government agencies, MCOs, commercial insurers, private individuals, and health systems. The company was formerly known as The Providence Service Corporation and changed its name to ModivCare Inc. in January 2021. ModivCare Inc. was incorporated in 1996 and is headquartered in Denver, Colorado.
Company profile
Ticker
MODV
Exchange
Website
CEO
Mr. L. Heath Sampson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
PROVIDENCE SERVICE CORP
SEC CIK
Corporate docs
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
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Modivcare Announces Credit Agreement Amendment and Cash Collections Update
1 Oct 24
EFFECT
Notice of effectiveness
24 Sep 24
8-K
Modivcare Provides Financial Update
16 Sep 24
S-3
Shelf registration
12 Sep 24
8-K
Index to Consolidated Financial Statements
12 Sep 24
10-Q
2024 Q2
Quarterly report
7 Aug 24
8-K
Modivcare Reports Second Quarter 2024
7 Aug 24
8-K
Modivcare Announces Successful Refinancing
2 Jul 24
8-K
Submission of Matters to a Vote of Security Holders
12 Jun 24
8-K
Departure of Directors or Certain Officers
22 May 24
Transcripts
MODV
Earnings call transcript
2024 Q1
3 May 24
MODV
Earnings call transcript
2023 Q4
23 Feb 24
MODV
Earnings call transcript
2023 Q3
3 Nov 23
MODV
Earnings call transcript
2023 Q2
4 Aug 23
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 Q3
3 Nov 22
MODV
Earnings call transcript
2022 Q2
7 Aug 22
MODV
Earnings call transcript
2022 Q1
7 May 22
Latest ownership filings
4
Rebecca Orcutt
21 Oct 24
4
DAVID A COULTER
4 Oct 24
4
BARBARA GUTIERREZ
24 Sep 24
4
Henry Toledo
9 Sep 24
4
Rebecca Orcutt
4 Sep 24
4
DAVID A COULTER
1 Jul 24
SC 13G
Q Global Capital Management, L.P.
28 Jun 24
SC 13G/A
MILLENNIUM MANAGEMENT LLC
23 May 24
4
Anne E, Bailey
17 May 24
SC 13G/A
Neuberger Berman Group LLC
9 May 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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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) | 11.08 mm | 11.08 mm | 11.08 mm | 11.08 mm | 11.08 mm | 11.08 mm |
Cash burn (monthly) | (no burn) | 191.50 k | 39.62 mm | 23.66 mm | 42.96 mm | 17.43 mm |
Cash used (since last report) | n/a | 719.09 k | 148.79 mm | 88.83 mm | 161.32 mm | 65.46 mm |
Cash remaining | n/a | 10.36 mm | -137.71 mm | -77.75 mm | -150.24 mm | -54.38 mm |
Runway (months of cash) | n/a | 54.1 | -3.5 | -3.3 | -3.5 | -3.1 |
Institutional ownership, Q2 2024
13F holders | Current |
---|---|
Total holders | 119 |
Opened positions | 95 |
Closed positions | 18 |
Increased positions | 10 |
Reduced positions | 12 |
13F shares | Current |
---|---|
Total value | 375.40 bn |
Total shares | 15.84 mm |
Total puts | 53.60 k |
Total calls | 128.70 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Coliseum Capital Management | 2.98 mm | $78.27 bn |
Neuberger Berman | 1.67 mm | $43.76 bn |
Fuller & Thaler Asset Management | 895.69 k | $23.50 bn |
Millennium Management | 841.30 k | $22.08 bn |
BLK BlackRock | 838.26 k | $22.00 bn |
Q Global Capital Management | 764.07 k | $19.90 mm |
Barrow Hanley Mewhinney & Strauss | 683.67 k | $17.94 bn |
Vanguard | 667.70 k | $17.52 bn |
Q Global Advisors | 614.07 k | $16.11 mm |
Aristotle Capital Boston | 476.20 k | $12.50 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Oct 24 | Rebecca Orcutt | Common Stock | Payment of exercise | Dispose F | No | No | 16.1 | 49 | 788.90 | 3,996 |
30 Sep 24 | Coulter David A | Common Stock | Grant | Acquire A | No | No | 14.28 | 1,619 | 23.12 k | 34,263 |
18 Sep 24 | Barbara Gutierrez | Common Stock | Payment of exercise | Dispose F | No | No | 13.5 | 822 | 11.10 k | 13,885 |
5 Sep 24 | Henry Toledo | Common Stock | Payment of exercise | Dispose F | No | No | 31.38 | 1,231 | 38.63 k | 21,270 |
31 Aug 24 | Rebecca Orcutt | Common Stock | Payment of exercise | Dispose F | No | No | 28.86 | 182 | 5.25 k | 4,045 |
News
Peeling Back The Layers: Exploring ModivCare Through Analyst Insights
3 Oct 24
Barrington Research Maintains Outperform on ModivCare, Raises Price Target to $22
3 Oct 24
12 Health Care Stocks Moving In Wednesday's Intraday Session
2 Oct 24
12 Health Care Stocks Moving In Wednesday's Pre-Market Session
2 Oct 24
Cracking The Code: Understanding Analyst Reviews For ModivCare
17 Sep 24
Press releases
Modivcare to Report Third Quarter 2024 Financial Results
16 Oct 24
Modivcare Announces Credit Agreement Amendment and Cash Collections Update
1 Oct 24
Modivcare Provides Financial Update
16 Sep 24
Modivcare Partners with American College of Cardiology to Launch Caring Hearts Initiative in New Jersey
28 Aug 24
Portland Medicaid Transportation Driver Ben Fasulo Earns Modivcare Maine Driver of the Month
20 Aug 24