Acadian Asset Management LLC purchased a new position in shares of The Providence Service Corporation (NASDAQ:PRSC) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,954 shares of the company’s stock, valued at approximately $176,000.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Fund Advisors raised its position in shares of The Providence Service Corporation by 9.7% in the third quarter. BlackRock Fund Advisors now owns 910,287 shares of the company’s stock worth $44,267,000 after buying an additional 80,235 shares during the last quarter. Comerica Bank raised its stake in The Providence Service Corporation by 112.3% in the fourth quarter. Comerica Bank now owns 52,467 shares of the company’s stock valued at $2,047,000 after buying an additional 27,750 shares in the last quarter. SECOR Capital Advisors LP raised its stake in The Providence Service Corporation by 47.5% in the third quarter. SECOR Capital Advisors LP now owns 44,143 shares of the company’s stock valued at $2,147,000 after buying an additional 14,224 shares in the last quarter. BlackRock Investment Management LLC raised its stake in The Providence Service Corporation by 2.2% in the third quarter. BlackRock Investment Management LLC now owns 56,568 shares of the company’s stock valued at $2,751,000 after buying an additional 1,197 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in The Providence Service Corporation by 10.7% in the third quarter. Teachers Advisors LLC now owns 38,250 shares of the company’s stock valued at $1,860,000 after buying an additional 3,683 shares in the last quarter. 93.07% of the stock is owned by hedge funds and other institutional investors.

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

Shares of The Providence Service Corporation (NASDAQ:PRSC) traded up 0.15% during mid-day trading on Friday, hitting $46.87. The stock had a trading volume of 162,985 shares. The stock’s 50-day moving average price is $46.22 and its 200-day moving average price is $42.16. The stock has a market capitalization of $631.20 million, a price-to-earnings ratio of 9.90 and a beta of 0.94. The Providence Service Corporation has a 12-month low of $34.88 and a 12-month high of $50.30.

The Providence Service Corporation (NASDAQ:PRSC) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.01. The Providence Service Corporation had a net margin of 4.05% and a return on equity of 9.43%. The firm had revenue of $399.50 million during the quarter, compared to analyst estimates of $386.14 million. During the same period last year, the firm earned $0.48 EPS. The Providence Service Corporation’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts anticipate that The Providence Service Corporation will post $1.35 EPS for the current fiscal year.

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Several research firms have recently weighed in on PRSC. ValuEngine raised The Providence Service Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered The Providence Service Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th.

About The Providence Service Corporation

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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