The Providence Service Corporation (PRSC) Shares Sold by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. reduced its position in The Providence Service Corporation (NASDAQ:PRSC) by 72.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,900 shares of the company’s stock after selling 25,700 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.07% of The Providence Service worth $534,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Gotham Asset Management LLC increased its holdings in The Providence Service by 0.7% in the second quarter. Gotham Asset Management LLC now owns 7,725 shares of the company’s stock valued at $391,000 after buying an additional 51 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in The Providence Service by 3.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,870 shares of the company’s stock valued at $145,000 after buying an additional 100 shares during the last quarter. Wells Fargo & Company MN increased its holdings in The Providence Service by 1.1% in the second quarter. Wells Fargo & Company MN now owns 9,256 shares of the company’s stock valued at $468,000 after buying an additional 104 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in The Providence Service by 2.0% in the second quarter. Thrivent Financial For Lutherans now owns 7,000 shares of the company’s stock valued at $354,000 after buying an additional 140 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in The Providence Service by 1.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,106 shares of the company’s stock valued at $1,068,000 after buying an additional 200 shares during the last quarter. 95.34% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on PRSC shares. Zacks Investment Research lowered The Providence Service from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Barrington Research restated an “outperform” rating and issued a $67.00 target price on shares of The Providence Service in a research note on Thursday, November 9th. Finally, TheStreet upgraded The Providence Service from a “c+” rating to a “b” rating in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $67.00.

The Providence Service Corporation (NASDAQ:PRSC) opened at $58.87 on Wednesday. The stock has a market capitalization of $780.23, a P/E ratio of 10.55, a PEG ratio of 3.62 and a beta of 0.88. The Providence Service Corporation has a 52-week low of $35.65 and a 52-week high of $60.95.

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

In other news, Director Coliseum Capital Management, L sold 314,605 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $56.07, for a total transaction of $17,639,902.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard A. Kerley sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $59.07, for a total value of $206,745.00. Following the transaction, the director now owns 33,152 shares of the company’s stock, valued at $1,958,288.64. The disclosure for this sale can be found here. Insiders own 18.93% of the company’s stock.

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The Providence Service 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.

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

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