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.
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