The Providence Service Corporation (NASDAQ:PRSC) Director Coliseum Capital Management, L sold 314,605 shares of The Providence Service stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $56.07, for a total value of $17,639,902.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

The Providence Service Corporation (NASDAQ:PRSC) traded down $1.43 during trading on Wednesday, hitting $56.83. The stock had a trading volume of 149,100 shares, compared to its average volume of 64,564. The firm has a market cap of $775.18, a price-to-earnings ratio of 44.14, a P/E/G ratio of 3.60 and a beta of 0.88. The Providence Service Corporation has a 52 week low of $35.65 and a 52 week high of $60.95.

The Providence Service (NASDAQ:PRSC) last posted its earnings results on Tuesday, November 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $409.50 million during the quarter, compared to analyst estimates of $407.00 million. The Providence Service had a return on equity of 6.29% and a net margin of 4.91%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. sell-side analysts anticipate that The Providence Service Corporation will post 1.35 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of PRSC. Municipal Employees Retirement System of Michigan grew its position in shares of The Providence Service by 3.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,870 shares of the company’s stock worth $145,000 after buying an additional 100 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of The Providence Service by 246.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,918 shares of the company’s stock valued at $148,000 after purchasing an additional 2,075 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of The Providence Service by 58.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,571 shares of the company’s stock valued at $181,000 after purchasing an additional 1,315 shares in the last quarter. Aperio Group LLC bought a new position in shares of The Providence Service during the 2nd quarter valued at about $262,000. Finally, Bessemer Group Inc. lifted its holdings in shares of The Providence Service by 14.8% during the 2nd quarter. Bessemer Group Inc. now owns 5,620 shares of the company’s stock valued at $284,000 after purchasing an additional 725 shares in the last quarter. Institutional investors own 95.39% of the company’s stock.

A number of brokerages recently commented on PRSC. Barrington Research reiterated an “outperform” rating and issued a $67.00 price objective on shares of The Providence Service in a research report on Thursday, November 9th. TheStreet upgraded The Providence Service from a “c+” rating to a “b” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research lowered The Providence Service from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $67.00.

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The Providence Service 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.

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