Capital Fund Management S.A. grew its stake in The Providence Service Corporation (NASDAQ:PRSC) by 31.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,800 shares of the company’s stock after buying an additional 3,500 shares during the period. Capital Fund Management S.A. owned approximately 0.11% of The Providence Service Corporation worth $749,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its stake in The Providence Service Corporation by 11.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,256 shares of the company’s stock worth $100,000 after buying an additional 231 shares in the last quarter. State of Alaska Department of Revenue grew its stake in The Providence Service Corporation by 79.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,385 shares of the company’s stock worth $120,000 after buying an additional 1,055 shares in the last quarter. Mason Street Advisors LLC grew its stake in The Providence Service Corporation by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 2,849 shares of the company’s stock worth $127,000 after buying an additional 187 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in The Providence Service Corporation by 3.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,870 shares of the company’s stock worth $145,000 after buying an additional 100 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in The Providence Service Corporation by 246.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,918 shares of the company’s stock worth $148,000 after buying an additional 2,075 shares in the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

Shares of The Providence Service Corporation (NASDAQ:PRSC) opened at 52.10 on Friday. The Providence Service Corporation has a one year low of $34.89 and a one year high of $54.99. The company has a market capitalization of $703.40 million, a price-to-earnings ratio of 10.85 and a beta of 0.99. The stock has a 50 day moving average of $51.27 and a 200-day moving average of $47.46.

The Providence Service Corporation (NASDAQ:PRSC) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $407.98 million during the quarter, compared to analyst estimates of $392.71 million. During the same period last year, the firm posted $0.43 EPS. The company’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts expect that The Providence Service Corporation will post $1.44 earnings per share for the current year.

PRSC has been the subject of a number of research reports. ValuEngine raised shares of The Providence Service Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub cut shares of The Providence Service Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Barrington Research boosted their price target 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $55.50.

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The Providence Service Corporation Profile

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.

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

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