Insider Selling: The Providence Service Director Sells 100,049 Shares of Stock (PRSC)
The Providence Service (NASDAQ:PRSC) Director Coliseum Capital Management, L unloaded 100,049 shares of The Providence Service stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $46.01, for a total transaction of $4,603,254.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
The Providence Service (NASDAQ:PRSC) traded down 0.11% on Tuesday, hitting $44.95. The stock had a trading volume of 5,015 shares. The Providence Service has a 1-year low of $23.91 and a 1-year high of $47.90. The stock has a 50-day moving average of $40.11 and a 200-day moving average of $35.93. The company has a market cap of $666.6 million and a P/E ratio of 32.94.
The Providence Service (NASDAQ:PRSC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.03. The company had revenue of $344.00 million for the quarter, compared to the consensus estimate of $315.16 million. During the same quarter last year, the company posted $0.43 earnings per share. The Providence Service’s revenue was up 19.6% compared to the same quarter last year. Analysts expect that The Providence Service will post $1.96 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of The Providence Service from a “neutral” rating to an “outperform” rating in a research note on Monday, August 11th. They now have a $48.20 price target on the stock. Analysts at Noble Financial raised their price target on shares of The Providence Service from $48.00 to $62.00 in a research note on Friday, August 8th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $47.40.
The Providence Service Corporation provides and manages government sponsored social services and non-emergency transportation services.
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