The Providence Service Corp. (NASDAQ:PRSC) was downgraded by equities researchers at Avondale Partners from an “outperform” rating to a “market perform” rating in a report released on Thursday.

A number of other research analysts also recently commented on the company. TheStreet raised The Providence Service Corp. from a “hold” rating to a “buy” rating in a report on Monday, October 3rd. Zacks Investment Research downgraded The Providence Service Corp. from a “hold” rating to a “sell” rating in a report on Saturday, September 24th.

The Providence Service Corp. (NASDAQ:PRSC) opened at 37.60 on Thursday. The firm has a 50 day moving average price of $44.83 and a 200 day moving average price of $46.83. The Providence Service Corp. has a 52 week low of $36.85 and a 52 week high of $56.92. The stock has a market capitalization of $545.16 million, a P/E ratio of 9.14 and a beta of 1.08.

The Providence Service Corp. (NASDAQ:PRSC) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.02. The business earned $412.50 million during the quarter, compared to analysts’ expectations of $417 million. The Providence Service Corp. had a net margin of 3.90% and a return on equity of 11.21%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 EPS. Equities research analysts predict that The Providence Service Corp. will post $2.16 earnings per share for the current year.

In related news, CEO James M. Lindstrom purchased 2,500 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were acquired at an average cost of $46.61 per share, for a total transaction of $116,525.00. Following the transaction, the chief executive officer now owns 26,153 shares of the company’s stock, valued at $1,218,991.33. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David Casey Shackelton purchased 2,000 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were bought at an average price of $46.85 per share, for a total transaction of $93,700.00. Following the completion of the transaction, the chief financial officer now directly owns 13,319 shares in the company, valued at approximately $623,995.15. The disclosure for this purchase can be found here. Company insiders own 14.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Mason Street Advisors LLC bought a new stake in shares of The Providence Service Corp. during the second quarter worth $107,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of The Providence Service Corp. by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,700 shares of the company’s stock worth $131,000 after buying an additional 40 shares during the last quarter. Sei Investments Co. boosted its stake in shares of The Providence Service Corp. by 70.5% in the third quarter. Sei Investments Co. now owns 3,083 shares of the company’s stock worth $150,000 after buying an additional 1,275 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of The Providence Service Corp. by 84.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,832 shares of the company’s stock worth $172,000 after buying an additional 1,756 shares during the last quarter. Finally, Capstone Asset Management Co. bought a new stake in shares of The Providence Service Corp. during the third quarter worth $207,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

The Providence Service Corp. Company Profile

The Providence Service Corporation is a holding company. The Company, through its subsidiaries, provides critical healthcare and workforce development services. It operates in over two industry sectors, including the United States healthcare and global workforce development, through its three operating segments: Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Health Assessment Services (HA Services).

5 Day Chart for NASDAQ:PRSC

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