Kestrel Investment Management Corp cut its position in The Providence Service Corporation (NASDAQ:PRSC) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 132,300 shares of the company’s stock after selling 2,800 shares during the period. The Providence Service Corporation accounts for approximately 2.5% of Kestrel Investment Management Corp’s holdings, making the stock its 19th largest position. Kestrel Investment Management Corp owned approximately 0.98% of The Providence Service Corporation worth $6,696,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parametric Portfolio Associates LLC raised 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 during the last quarter. Nationwide Fund Advisors raised its stake in The Providence Service Corporation by 82.5% in the first quarter. Nationwide Fund Advisors now owns 19,082 shares of the company’s stock worth $848,000 after buying an additional 8,624 shares during the last quarter. Paloma Partners Management Co acquired a new stake in The Providence Service Corporation during the first quarter worth $437,000. Louisiana State Employees Retirement System acquired a new stake in The Providence Service Corporation during the first quarter worth $222,000. Finally, Alambic Investment Management L.P. acquired a new stake in The Providence Service Corporation during the first quarter worth $271,000. 93.14% of the stock is owned by institutional investors and hedge funds.

The Providence Service Corporation (PRSC) traded down 0.25% during mid-day trading on Friday, hitting $51.70. 1,997 shares of the stock were exchanged. The Providence Service Corporation has a 52-week low of $34.88 and a 52-week high of $54.99. The company has a 50 day moving average price of $50.85 and a 200 day moving average price of $46.66. The firm has a market cap of $698.00 million, a price-to-earnings ratio of 10.76 and a beta of 0.95.

The Providence Service Corporation (NASDAQ:PRSC) last released its quarterly earnings results 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 net margin of 4.11% and a return on equity of 6.94%. The firm had revenue of $407.98 million during the quarter, compared to the consensus estimate of $392.71 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The Providence Service Corporation’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts anticipate that The Providence Service Corporation will post $1.44 EPS for the current year.

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A number of analysts have recently weighed in on the stock. BidaskClub lowered shares of The Providence Service Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. ValuEngine upgraded shares of The Providence Service Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Barrington Research increased their price objective on shares of The Providence Service Corporation from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of The Providence Service Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus 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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