ModivCare Inc. ('ModivCare') is a technology-enabled healthcare services company, which provides a suite of integrated supportive care solutions for public and private payors and their patients. Its value-based solutions address the social determinants of health (SDoH), enable greater access to care, reduce costs, and improve outcomes. The Company is a leading provider of non-emergency medical transportation (NEMT), personal and home care, and nutritional meal delivery. ModivCare also holds a minority equity interest in CCHN Group Holdings, Inc. and its subsidiaries ('Matrix Medical Network'), which partners with leading health plans and providers nationally, delivering a broad array of assessment and care management services to individuals that improve health outcomes and health plan financial performance.
Company profile
Ticker
MODV
Exchange
Website
CEO
Daniel Greenleaf
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Expedia • GXO Logistics • Booking • GATX • RXO • Virgin Galactic • Tuniu • XPO • Despegar.com • Astra Space ...
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
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
23 Nov 22
10-Q
2022 Q3
Quarterly report
7 Nov 22
8-K
Modivcare Reports Third Quarter 2022
2 Nov 22
8-K
Departure of Directors or Certain Officers
1 Nov 22
8-K
Departure of Directors or Certain Officers
22 Aug 22
10-Q
2022 Q2
Quarterly report
8 Aug 22
8-K
Modivcare Reports Second Quarter 2022
3 Aug 22
8-K
Modivcare Announces Leadership Transition
2 Aug 22
8-K
Results of Operations and Financial Condition
22 Jun 22
S-8
Registration of securities for employees
21 Jun 22
Transcripts
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
MODV
Earnings call transcript
2020 Q2
9 Aug 20
MODV
Earnings call transcript
2020 Q1
10 May 20
MODV
Earnings call transcript
2019 Q4
29 Feb 20
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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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) | 72.73 mm | 72.73 mm | 72.73 mm | 72.73 mm | 72.73 mm | 72.73 mm |
| Cash burn (monthly) | 5.08 mm | 4.50 mm | (no burn) | (no burn) | 1.89 mm | (no burn) |
| Cash used (since last report) | 21.86 mm | 19.33 mm | n/a | n/a | 8.14 mm | n/a |
| Cash remaining | 50.87 mm | 53.40 mm | n/a | n/a | 64.59 mm | n/a |
| Runway (months of cash) | 10.0 | 11.9 | n/a | n/a | 34.1 | n/a |
Institutional ownership, Q3 2022
98.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 166 |
| Opened positions | 25 |
| Closed positions | 20 |
| Increased positions | 69 |
| Reduced positions | 51 |
| 13F shares | Current |
|---|---|
| Total value | 1.39 bn |
| Total shares | 13.98 mm |
| Total puts | 9.50 k |
| Total calls | 10.60 k |
| Total put/call ratio | 0.9 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 2.02 mm | $201.18 mm |
| Coliseum Capital Management | 1.28 mm | $127.80 mm |
| Vanguard | 878.13 k | $87.53 mm |
| Fuller & Thaler Asset Management | 856.50 k | $85.38 mm |
| T. Rowe Price Investment Management | 840.65 k | $83.80 mm |
| Silvercrest Asset Management | 624.00 k | $62.20 mm |
| Renaissance Technologies | 540.30 k | $53.86 mm |
| Dimensional Fund Advisors | 483.24 k | $48.17 mm |
| BK Bank Of New York Mellon | 386.79 k | $38.56 mm |
| Neuberger Berman | 383.75 k | $38.25 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 30 Dec 22 | Coulter David A | Common Stock | Grant | Acquire A | No | No | 89.73 | 257 | 23.06 k | 24,761 |
| 30 Dec 22 | Wright Frank J | Common Stock | Grant | Acquire A | No | No | 89.73 | 149 | 13.37 k | 16,031 |
| 30 Dec 22 | Samant Rahul D | Common Stock | Grant | Acquire A | No | No | 89.73 | 278 | 24.94 k | 3,079 |
| 30 Dec 22 | Stacy Saal | Common Stock | Grant | Acquire A | No | No | 89.73 | 257 | 23.06 k | 3,210 |
| 2 Dec 22 | Coliseum Capital Management | Common Stock | Buy | Acquire P | Yes | No | 76 | 1,710 | 129.96 k | 1,372,798 |
| 1 Dec 22 | Coliseum Capital Management | Common Stock, par value $0.001 per share ("Common Stock") | Buy | Acquire P | Yes | No | 76.09 | 89,033 | 6.77 mm | 1,371,088 |