The Providence Service Co. (PRSC) Shares Sold by Strs Ohio

Strs Ohio trimmed its position in The Providence Service Co. (NASDAQ:PRSC) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,700 shares of the company’s stock after selling 800 shares during the period. Strs Ohio’s holdings in The Providence Service were worth $812,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan lifted its position in The Providence Service by 51.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,350 shares of the company’s stock worth $235,000 after purchasing an additional 1,480 shares during the period. BNP Paribas Arbitrage SA lifted its position in The Providence Service by 61.1% in the third quarter. BNP Paribas Arbitrage SA now owns 5,752 shares of the company’s stock worth $311,000 after purchasing an additional 2,181 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of The Providence Service in the third quarter valued at $343,000. Thrivent Financial For Lutherans increased its holdings in shares of The Providence Service by 2.0% in the second quarter. Thrivent Financial For Lutherans now owns 7,000 shares of the company’s stock valued at $354,000 after buying an additional 140 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of The Providence Service by 7,811.0% in the second quarter. PNC Financial Services Group Inc. now owns 7,199 shares of the company’s stock valued at $364,000 after buying an additional 7,108 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

The Providence Service Co. (NASDAQ PRSC) opened at $63.61 on Thursday. The stock has a market capitalization of $837.32, a price-to-earnings ratio of 47.67, a price-to-earnings-growth ratio of 2.66 and a beta of 0.89. The Providence Service Co. has a twelve month low of $38.04 and a twelve month high of $66.19.

The Providence Service (NASDAQ:PRSC) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $409.50 million for the quarter, compared to analysts’ expectations of $407.00 million. The Providence Service had a return on equity of 6.29% and a net margin of 4.91%. The firm’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. sell-side analysts predict that The Providence Service Co. will post 1.35 earnings per share for the current fiscal year.

In other The Providence Service news, Director Coliseum Capital Management, L sold 314,605 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $56.07, for a total transaction of $17,639,902.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard A. Kerley sold 3,500 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $59.07, for a total transaction of $206,745.00. Following the sale, the director now directly owns 33,152 shares in the company, valued at $1,958,288.64. The disclosure for this sale can be found here. 18.93% of the stock is currently owned by corporate insiders.

PRSC has been the topic of several research reports. TheStreet raised The Providence Service from a “c+” rating to a “b” rating in a report on Tuesday, November 7th. Zacks Investment Research raised The Providence Service from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $67.00 price target on shares of The Providence Service in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The Providence Service has an average rating of “Hold” and a consensus price target of $67.00.

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About The Providence Service

The Providence Service Corporation (Providence) is a holding company. The Company, through its subsidiaries, is engaged in the provision of healthcare and workforce development services for public and private sector entities. The Company’s segments include Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Matrix Investment.

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Institutional Ownership by Quarter for The Providence Service (NASDAQ:PRSC)

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