ModivCare (MODV)

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 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$12.33

Low target

$10.00

High target

$17.00

Latest filings (excl ownership)

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3 Feb 25

Additional proxy soliciting materials

10 Jan 25

8-K

Will Pursue Strategic Review of Assets with Key Company Advisors to Maximize Value

10 Jan 25

8-K

Departure of Directors or Certain Officers

26 Dec 24

8-K

Departure of Directors or Certain Officers

6 Nov 24

Modivcare Reports Third Quarter 2024

6 Nov 24

8-K

Modivcare Announces Credit Agreement Amendment and Cash Collections Update

1 Oct 24

EFFECT

Notice of effectiveness

24 Sep 24

Transcripts

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MODV

Earnings call transcript

2024 Q2

8 Aug 24

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

Latest ownership filings

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Change in insider ownership

3 Feb 25

Initial statement of insider ownership

27 Jan 25

Christopher S Shackelton

Q Global Capital Management, L.P.

13 Dec 24

SC 13D/A

Coliseum Capital Management, LLC

13 Dec 24

SC 13D/A

Q Global Capital Management, L.P.

9 Dec 24

Financial summary

Financial statements Chart MODV financial data

Quarter (USD)	Sep 24	Jun 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
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)	48.88 mm	48.88 mm	48.88 mm	48.88 mm	48.88 mm	48.88 mm
Cash burn (monthly)	(no burn)	(no burn)	11.68 mm	10.52 mm	(no burn)	7.64 mm
Cash used (since last report)	n/a	n/a	49.72 mm	44.78 mm	n/a	32.54 mm
Cash remaining	n/a	n/a	-840.70 k	4.11 mm	n/a	16.34 mm
Runway (months of cash)	n/a	n/a	-0.1	0.4	n/a	2.1

Beta Read what these cash burn values mean

Financial data from ModivCare earnings reports.

Institutional ownership, Q3 2024

MODV institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	110	119	-7.6%
Opened positions	18	24	-25.0%
Closed positions	27	37	-27.0%
Increased positions	40	39	+2.6%
Reduced positions	29	49	-40.8%

13F shares	Current	Prev Q	Change
Total value	196.53 bn	375.40 bn	-47.6%
Total shares	15.96 mm	15.84 mm	+0.8%
Total puts	63.50 k	53.60 k	+18.5%
Total calls	82.50 k	128.70 k	-35.9%
Total put/call ratio	0.8	0.4	+84.8%

Largest owners	Shares	Value	Change
Coliseum Capital Management	2.98 mm	$42.59 bn	0.0%
Neuberger Berman	1.96 mm	$28.03 bn	+17.7%
HG Vora Capital Management	1.20 mm	$17.14 bn	NEW
Q Global Capital Management	1.15 mm	$16.60 mm	+50.8%
Q Global Advisors	1.00 mm	$14.31 mm	+63.2%
BlackRock	836.58 k	$11.95 bn	NEW
Barrow Hanley Mewhinney & Strauss	680.03 k	$9.71 bn	-0.5%
Vanguard	656.57 k	$9.38 bn	-1.7%
Millennium Management	590.58 k	$8.43 bn	-29.8%
Aristotle Capital Boston	479.38 k	$6.85 bn	+0.7%

Largest transactions	Shares	Bought/sold	Change
HG Vora Capital Management	1.20 mm	+1.20 mm	NEW
Fuller & Thaler Asset Management	0.00	-895.69 k	EXIT
BLK BlackRock	0.00	-838.26 k	EXIT
BlackRock	836.58 k	+836.58 k	NEW
Silvercrest Asset Management	0.00	-466.88 k	EXIT
Q Global Capital Management	1.15 mm	+388.03 k	+50.8%
Q Global Advisors	1.00 mm	+388.03 k	+63.2%
Neuberger Berman	1.96 mm	+294.85 k	+17.7%
AYAL Capital Advisors	0.00	-262.90 k	EXIT
Madison Avenue Partners	261.51 k	+261.51 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
3 Feb 25	AI Catalyst Fund	Common Stock, par value $0.001 per share ("Common Stock")	Buy	Acquire P	No	No	3.87	187,500	725.63 k	2,130,000
31 Jan 25	AI Catalyst Fund	Common Stock, par value $0.001 per share ("Common Stock")	Buy	Acquire P	No	No	4.03	187,500	755.63 k	1,942,500
30 Jan 25	AI Catalyst Fund	Common Stock, par value $0.001 per share ("Common Stock")	Buy	Acquire P	No	No	4.35	45,000	195.75 k	1,755,000
14 Jan 25	Coliseum Capital Management	Common Stock	Buy	Acquire P	Yes	No	5.88	330,046	1.94 mm	4,485,175
13 Jan 25	Q Global Capital Management	Common Stock, $0.001 par value per share	Sell	Dispose S	No	No	6.53	262,532	1.71 mm	1,221,933
13 Jan 25	Coliseum Capital Management	Common Stock	Buy	Acquire P	Yes	No	6.56	452,378	2.97 mm	4,155,129
10 Jan 25	Q Global Capital Management	Common Stock, $0.001 par value per share	Sell	Dispose S	No	No	6.97	271,339	1.89 mm	1,484,465
10 Jan 25	Q Global Capital Management	Common Stock, $0.001 par value per share	Sell	Dispose S	No	No	7.92	148,457	1.18 mm	1,755,804
10 Jan 25	Q Global Capital Management	Common Stock, $0.001 par value per share	Sell	Dispose S	No	No	8.79	51,488	452.58 k	1,904,261
10 Jan 25	Q Global Capital Management	Common Stock, $0.001 par value per share	Sell	Dispose S	No	No	10.02	4,396	44.05 k	1,955,749