Coliseum Capital Management, L Sells 55,523 Shares of The Providence Service Co. (PRSC) Stock

The Providence Service Co. (NASDAQ:PRSC) Director Coliseum Capital Management, L sold 55,523 shares of the stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $74.59, for a total transaction of $4,141,460.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Coliseum Capital Management, L also recently made the following trade(s):

  • On Tuesday, May 22nd, Coliseum Capital Management, L sold 29,100 shares of The Providence Service stock. The shares were sold at an average price of $74.78, for a total transaction of $2,176,098.00.

Shares of NASDAQ:PRSC opened at $73.98 on Friday. The company has a market cap of $962.73 million, a P/E ratio of 44.84 and a beta of 0.80. The Providence Service Co. has a 1-year low of $45.49 and a 1-year high of $79.38.

The Providence Service (NASDAQ:PRSC) last issued its earnings results on Wednesday, May 9th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.18. The firm had revenue of $406.05 million during the quarter, compared to analysts’ expectations of $403.80 million. The Providence Service had a net margin of 3.13% and a return on equity of 8.39%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share.

A number of large investors have recently modified their holdings of PRSC. BlackRock Inc. boosted its holdings in The Providence Service by 8.3% during the first quarter. BlackRock Inc. now owns 1,599,626 shares of the company’s stock worth $110,598,000 after buying an additional 122,948 shares in the last quarter. Matarin Capital Management LLC bought a new stake in The Providence Service during the first quarter worth approximately $6,474,000. Alta Fundamental Advisers LLC acquired a new position in The Providence Service in the 1st quarter worth approximately $5,150,000. Renaissance Technologies LLC boosted its stake in The Providence Service by 7.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,002,700 shares of the company’s stock worth $59,500,000 after purchasing an additional 70,900 shares during the period. Finally, Hennessy Advisors Inc. acquired a new position in The Providence Service in the 1st quarter worth approximately $4,307,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

A number of analysts recently weighed in on PRSC shares. BidaskClub upgraded shares of The Providence Service from a “sell” rating to a “hold” rating in a report on Friday, February 9th. ValuEngine upgraded shares of The Providence Service from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $67.00.

The Providence Service Company Profile

The Providence Service Corporation, through its subsidiaries, provides healthcare and workforce development services in the United States and internationally. It operates in two segments, Non-Emergency Transportation Services (NET Services) and Workforce Development Services (WD Services). The NET Services segment offers non-emergency medical transportation services for Medicaid or Medicare eligible members, whose limited mobility or financial resources hinder their ability to access necessary healthcare and social services.

Insider Buying and Selling by Quarter for The Providence Service (NASDAQ:PRSC)

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