Eagle Boston Investment Management Inc. Cuts Position in The Providence Service Co. (PRSC)

Eagle Boston Investment Management Inc. trimmed its holdings in shares of The Providence Service Co. (NASDAQ:PRSC) by 9.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,488 shares of the company’s stock after selling 15,681 shares during the quarter. Eagle Boston Investment Management Inc.’s holdings in The Providence Service were worth $9,653,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. WINTON GROUP Ltd increased its holdings in The Providence Service by 13.2% during the second quarter. WINTON GROUP Ltd now owns 9,055 shares of the company’s stock valued at $711,000 after buying an additional 1,053 shares during the period. ClariVest Asset Management LLC increased its holdings in The Providence Service by 177.5% during the second quarter. ClariVest Asset Management LLC now owns 13,288 shares of the company’s stock valued at $1,043,000 after buying an additional 8,500 shares during the period. Public Employees Retirement System of Ohio increased its holdings in The Providence Service by 156.8% during the second quarter. Public Employees Retirement System of Ohio now owns 17,070 shares of the company’s stock valued at $1,341,000 after buying an additional 10,424 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in The Providence Service by 13.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 66,523 shares of the company’s stock valued at $5,226,000 after buying an additional 7,750 shares during the period. Finally, BlackRock Inc. increased its holdings in The Providence Service by 4.7% during the second quarter. BlackRock Inc. now owns 1,675,549 shares of the company’s stock valued at $131,615,000 after buying an additional 75,923 shares during the period. 94.67% of the stock is currently owned by institutional investors.

Shares of PRSC stock opened at $66.96 on Monday. The company has a market cap of $857.71 million, a P/E ratio of 32.66 and a beta of 0.61. The Providence Service Co. has a 52-week low of $55.69 and a 52-week high of $83.90.

The Providence Service (NASDAQ:PRSC) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.30. The Providence Service had a net margin of 1.80% and a return on equity of 8.71%. The business had revenue of $421.32 million for the quarter, compared to analyst estimates of $404.90 million. During the same period in the previous year, the company earned $0.32 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis.

Several equities analysts recently issued reports on PRSC shares. BidaskClub lowered shares of The Providence Service from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 1st. ValuEngine lowered shares of The Providence Service from a “buy” rating to a “hold” rating in a report on Friday, November 2nd.

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The Providence Service Company Profile

The Providence Service Corporation, through its subsidiaries, provides healthcare and workforce development services in the United States and internationally. It operates in two segments, Non-Emergency Transportation Services (NET Services) and Workforce Development Services (WD Services). The NET Services segment offers non-emergency medical transportation services for Medicaid or Medicare eligible members, whose limited mobility or financial resources hinder their ability to access necessary healthcare and social services.

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

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