Teachers Advisors LLC boosted its position in shares of The Providence Service Corporation (NASDAQ:PRSC) by 15.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,300 shares of the company’s stock after buying an additional 7,312 shares during the period. Teachers Advisors LLC owned about 0.41% of The Providence Service Corporation worth $2,458,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. State of Tennessee Treasury Department increased its stake in The Providence Service Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 11,499 shares of the company’s stock worth $511,000 after buying an additional 1,735 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in The Providence Service Corporation by 96.0% in the first quarter. Parametric Portfolio Associates LLC now owns 19,434 shares of the company’s stock worth $864,000 after buying an additional 9,518 shares in the last quarter. Eagle Boston Investment Management Inc. increased its stake in The Providence Service Corporation by 5.7% in the first quarter. Eagle Boston Investment Management Inc. now owns 208,779 shares of the company’s stock worth $9,278,000 after buying an additional 11,171 shares in the last quarter. TFS Capital LLC purchased a new stake in The Providence Service Corporation during the first quarter worth about $294,000. Finally, Ameriprise Financial Inc. increased its stake in The Providence Service Corporation by 45.7% in the first quarter. Ameriprise Financial Inc. now owns 93,180 shares of the company’s stock worth $4,141,000 after buying an additional 29,215 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

The Providence Service Corporation (NASDAQ PRSC) traded up 0.48% during midday trading on Wednesday, hitting $50.61. The company’s stock had a trading volume of 7,476 shares. The company’s 50-day moving average is $50.46 and its 200 day moving average is $45.75. The Providence Service Corporation has a one year low of $34.88 and a one year high of $54.99. The company has a market cap of $683.29 million, a price-to-earnings ratio of 10.53 and a beta of 0.95.

The Providence Service Corporation (NASDAQ:PRSC) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.22 by $0.10. The Providence Service Corporation had a return on equity of 6.94% and a net margin of 4.11%. The company had revenue of $407.98 million for the quarter, compared to analyst estimates of $392.71 million. During the same period last year, the company earned $0.43 earnings per share. The Providence Service Corporation’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that The Providence Service Corporation will post $1.39 EPS for the current year.

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A number of research firms have issued reports on PRSC. BidaskClub downgraded The Providence Service Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. ValuEngine upgraded The Providence Service Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Barrington Research boosted their price target on The Providence Service Corporation from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research downgraded The Providence Service Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $55.50.

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

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