First Quadrant L P CA increased its stake in shares of The Providence Service Corporation (NASDAQ:PRSC) by 94.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 10,207 shares of the company’s stock after buying an additional 4,963 shares during the period. First Quadrant L P CA owned about 0.08% of The Providence Service Corporation worth $517,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the stock. Kestrel Investment Management Corp acquired a new stake in shares of The Providence Service Corporation during the first quarter worth $6,004,000. Guggenheim Capital LLC acquired a new stake in shares of The Providence Service Corporation during the fourth quarter worth $1,853,000. Prudential Financial Inc. raised its stake in shares of The Providence Service Corporation by 78.0% in the first quarter. Prudential Financial Inc. now owns 108,827 shares of the company’s stock worth $4,836,000 after buying an additional 47,700 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of The Providence Service Corporation by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 874,864 shares of the company’s stock worth $38,879,000 after buying an additional 47,534 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of The Providence Service Corporation by 45.7% in the first quarter. Ameriprise Financial Inc. now owns 93,180 shares of the company’s stock worth $4,141,000 after buying an additional 29,215 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.
Shares of The Providence Service Corporation (NASDAQ PRSC) opened at 50.97 on Friday. The stock’s 50 day moving average price is $50.52 and its 200 day moving average price is $45.83. The Providence Service Corporation has a 52 week low of $34.88 and a 52 week high of $54.99. The stock has a market cap of $688.15 million, a price-to-earnings ratio of 10.61 and a beta of 0.95.
The Providence Service Corporation (NASDAQ:PRSC) last announced its earnings results on Tuesday, August 8th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.22 by $0.10. The firm had revenue of $407.98 million for the quarter, compared to the consensus estimate of $392.71 million. The Providence Service Corporation had a net margin of 4.11% and a return on equity of 6.94%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Equities research analysts anticipate that The Providence Service Corporation will post $1.44 EPS for the current fiscal year.
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PRSC has been the topic of a number of analyst reports. ValuEngine raised The Providence Service Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research lowered The Providence Service Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. BidaskClub lowered The Providence Service Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Barrington Research lifted their price objective on The Providence Service Corporation from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $55.50.
About The Providence Service Corporation
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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