The Providence Service Corporation (NASDAQ:PRSC) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research lowered shares of The Providence Service Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th.

Shares of The Providence Service Corporation (NASDAQ:PRSC) traded up 1.41% during trading on Friday, hitting $50.40. 45,052 shares of the stock were exchanged. The company has a market cap of $678.74 million, a price-to-earnings ratio of 10.64 and a beta of 0.95. The Providence Service Corporation has a one year low of $34.89 and a one year high of $51.06. The stock’s 50 day moving average price is $47.36 and its 200-day moving average price is $42.95.

The Providence Service Corporation (NASDAQ:PRSC) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by $0.01. The Providence Service Corporation had a return on equity of 9.43% and a net margin of 4.05%. The company had revenue of $399.50 million during the quarter, compared to analyst estimates of $386.14 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that The Providence Service Corporation will post $1.35 EPS for the current year.

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Large investors have recently made changes to their positions in the company. Arizona State Retirement System increased its stake in shares of The Providence Service Corporation by 1.6% in the first quarter. Arizona State Retirement System now owns 6,385 shares of the company’s stock valued at $284,000 after buying an additional 100 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of The Providence Service Corporation by 2.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,520 shares of the company’s stock valued at $248,000 after buying an additional 180 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of The Providence Service Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,849 shares of the company’s stock valued at $127,000 after buying an additional 187 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of The Providence Service Corporation by 11.4% in the first quarter. BNP Paribas Arbitrage SA now owns 2,256 shares of the company’s stock valued at $100,000 after buying an additional 231 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in shares of The Providence Service Corporation by 5.2% in the first quarter. Thrivent Financial For Lutherans now owns 6,860 shares of the company’s stock valued at $305,000 after buying an additional 340 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

The Providence Service Corporation Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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