The Providence Service Corporation (PRSC) Holdings Trimmed by Sei Investments Co.

Sei Investments Co. cut its stake in shares of The Providence Service Corporation (NASDAQ:PRSC) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,837 shares of the company’s stock after selling 4,709 shares during the period. Sei Investments Co. owned about 0.25% of The Providence Service worth $1,830,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PRSC. Gotham Asset Management LLC raised its stake in shares of The Providence Service by 0.7% during the 2nd quarter. Gotham Asset Management LLC now owns 7,725 shares of the company’s stock worth $391,000 after purchasing an additional 51 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of The Providence Service by 3.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,870 shares of the company’s stock worth $145,000 after purchasing an additional 100 shares during the period. Wells Fargo & Company MN raised its stake in shares of The Providence Service by 1.1% during the 2nd quarter. Wells Fargo & Company MN now owns 9,256 shares of the company’s stock worth $468,000 after purchasing an additional 104 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of The Providence Service by 2.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 7,000 shares of the company’s stock worth $354,000 after purchasing an additional 140 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of The Providence Service by 1.0% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,106 shares of the company’s stock worth $1,068,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 95.39% of the company’s stock.

A number of equities research analysts have recently commented on the company. Barrington Research reiterated an “outperform” rating and set a $67.00 target price on shares of The Providence Service in a research note on Thursday, November 9th. TheStreet upgraded The Providence Service from a “c+” rating to a “b” rating in a research note on Tuesday, November 7th. Zacks Investment Research cut The Providence Service from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Finally, ValuEngine upgraded The Providence Service from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The Providence Service currently has an average rating of “Hold” and a consensus price target of $67.00.

Shares of The Providence Service Corporation (NASDAQ:PRSC) opened at $58.31 on Tuesday. The Providence Service Corporation has a 52 week low of $35.65 and a 52 week high of $60.95. The stock has a market capitalization of $790.88, a PE ratio of 45.03, a P/E/G ratio of 3.67 and a beta of 0.88.

The Providence Service (NASDAQ:PRSC) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. The Providence Service had a return on equity of 6.29% and a net margin of 4.91%. The business had revenue of $409.50 million for the quarter, compared to analysts’ expectations of $407.00 million. During the same period in the previous year, the business posted $0.35 EPS. The firm’s quarterly revenue was down .7% compared to the same quarter last year. equities analysts forecast that The Providence Service Corporation will post 1.35 EPS for the current year.

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About The Providence Service

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 (NASDAQ:PRSC)

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