‘Underdog Status of ModivCare (MODV) Inc. Will Change Soon’, Summer Value Partners Projects
Summers Value Partners, an investment management firm, published its ‘Summers Value Fund LP’ fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A net return of 14.7% was recorded by the fund for the Q4 of 2020, below its Russell 2000 benchmark that returned 18.40%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Summers Value Partners, in their Q4 2020 Investor Letter said that they acquired a position in ModivCare Inc. (NASDAQ: MODV) because they see further upside in the company over the next several years . ModivCare Inc. is a technology-centered healthcare services company that currently has a $2.2 billion market capitalization. For the past 3 months, MODV delivered a decent 36.65% return and settled at $158.69 per share at the closing of January 27th.