Louisiana State Employees Retirement System lowered its position in The Providence Service Co. (NASDAQ:PRSC) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,177 shares of the company’s stock after selling 723 shares during the period. Louisiana State Employees Retirement System’s holdings in The Providence Service were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PRSC. United Services Automobile Association boosted its position in The Providence Service by 35.2% in the second quarter. United Services Automobile Association now owns 4,476 shares of the company’s stock valued at $352,000 after buying an additional 1,166 shares during the last quarter. MetLife Investment Advisors LLC boosted its position in The Providence Service by 53.4% in the third quarter. MetLife Investment Advisors LLC now owns 9,173 shares of the company’s stock valued at $617,000 after buying an additional 3,195 shares during the last quarter. Bridgeway Capital Management Inc. purchased a new stake in The Providence Service in the third quarter valued at approximately $848,000. Bessemer Group Inc. boosted its position in The Providence Service by 18.4% in the third quarter. Bessemer Group Inc. now owns 13,540 shares of the company’s stock valued at $911,000 after buying an additional 2,100 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in The Providence Service by 75.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 16,387 shares of the company’s stock valued at $1,102,000 after buying an additional 7,032 shares during the last quarter. Hedge funds and other institutional investors own 96.93% of the company’s stock.
A number of equities research analysts recently commented on PRSC shares. ValuEngine lowered The Providence Service from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. BidaskClub upgraded The Providence Service from a “sell” rating to a “hold” rating in a research report on Thursday.
Shares of NASDAQ PRSC opened at $65.28 on Thursday. The company has a market capitalization of $835.42 million, a P/E ratio of 31.82 and a beta of 0.89. The Providence Service Co. has a 52 week low of $54.02 and a 52 week high of $83.90.
The Providence Service (NASDAQ:PRSC) last issued its earnings results on Wednesday, November 7th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.30. The firm had revenue of $421.32 million for the quarter, compared to analyst estimates of $404.90 million. The Providence Service had a return on equity of 8.71% and a net margin of 1.80%. The Providence Service’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share.
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About The Providence Service
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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