The Providence Service Corporation (PRSC) Director Richard A. Kerley Sells 3,500 Shares of Stock

The Providence Service Corporation (NASDAQ:PRSC) Director Richard A. Kerley sold 3,500 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $59.07, for a total value of $206,745.00. Following the sale, the director now owns 33,152 shares in the company, valued at $1,958,288.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

The Providence Service Corporation (PRSC) traded down $0.44 during mid-day trading on Friday, reaching $58.18. The company had a trading volume of 47,274 shares, compared to its average volume of 62,055. The Providence Service Corporation has a 12 month low of $35.65 and a 12 month high of $60.95. The firm has a market cap of $779.97, a PE ratio of 44.41, a price-to-earnings-growth ratio of 3.62 and a beta of 0.88.

The Providence Service (NASDAQ:PRSC) last issued its earnings results on Tuesday, November 7th. The company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The business 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 business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. equities research analysts expect that The Providence Service Corporation will post 1.35 EPS for the current year.

PRSC has been the topic of a number of analyst reports. Zacks Investment Research cut The Providence Service from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Barrington Research reiterated an “outperform” rating and issued a $67.00 price objective on shares of The Providence Service in a report on Thursday, November 9th. Finally, TheStreet upgraded The Providence Service from a “c+” rating to a “b” rating in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The Providence Service has an average rating of “Hold” and an average price target of $67.00.

Several institutional investors have recently modified their holdings of the company. Gotham Asset Management LLC boosted its holdings in shares of The Providence Service by 0.7% during the 2nd quarter. Gotham Asset Management LLC now owns 7,725 shares of the company’s stock worth $391,000 after purchasing an additional 51 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of The Providence Service by 3.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,870 shares of the company’s stock worth $145,000 after purchasing an additional 100 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of The Providence Service by 1.1% during the 2nd quarter. Wells Fargo & Company MN now owns 9,256 shares of the company’s stock worth $468,000 after purchasing an additional 104 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of The Providence Service by 2.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 7,000 shares of the company’s stock worth $354,000 after purchasing an additional 140 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of The Providence Service by 1.0% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,106 shares of the company’s stock worth $1,068,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 95.39% of the company’s stock.

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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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