The Providence Service Corporation (PRSC) Director Coliseum Capital Management, L Sells 314,605 Shares
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.
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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