The Providence Service Corporation (PRSC) Stake Increased by GSA Capital Partners LLP

GSA Capital Partners LLP grew its position in The Providence Service Corporation (NASDAQ:PRSC) by 79.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,525 shares of the company’s stock after buying an additional 24,578 shares during the period. GSA Capital Partners LLP owned 0.41% of The Providence Service Corporation worth $2,810,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its holdings in shares of The Providence Service Corporation by 1.6% in the 1st 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 in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of The Providence Service Corporation by 3.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,870 shares of the company’s stock valued at $145,000 after buying an additional 100 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of The Providence Service Corporation by 1.1% in the 2nd quarter. Wells Fargo & Company MN now owns 9,256 shares of the company’s stock valued at $468,000 after buying an additional 104 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of The Providence Service Corporation by 2.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 7,000 shares of the company’s stock valued at $354,000 after buying an additional 140 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its holdings in shares of The Providence Service Corporation by 7.0% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

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PRSC has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of The Providence Service Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub cut shares of The Providence Service Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Barrington Research raised their price target on shares of The Providence Service Corporation from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $55.50.

The Providence Service Corporation (PRSC) traded up 0.72% during mid-day trading on Wednesday, reaching $51.63. 5,486 shares of the company were exchanged. The Providence Service Corporation has a 1-year low of $34.89 and a 1-year high of $54.99. The stock has a 50-day moving average of $51.26 and a 200 day moving average of $47.69. The firm has a market capitalization of $697.06 million, a P/E ratio of 10.75 and a beta of 0.99.

The Providence Service Corporation (NASDAQ:PRSC) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.10. The firm had revenue of $407.98 million during the quarter, compared to the consensus estimate of $392.71 million. The Providence Service Corporation had a return on equity of 6.94% and a net margin of 4.11%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 earnings per share. Equities research analysts forecast that The Providence Service Corporation will post $1.44 earnings per share for the current year.

The Providence Service Corporation 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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Institutional Ownership by Quarter for The Providence Service Corporation (NASDAQ:PRSC)

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