Swiss National Bank Sells 1,500 Shares of Providence Service Corporation (PRSC)

Swiss National Bank Sells 1,500 Shares of Providence Service Corporation (PRSC)

Swiss National Bank reduced its position in The Providence Service Corporation (NASDAQ:PRSC) by 6.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 21,500 shares of the company’s stock after selling 1,500 shares during the period. Swiss National Bank owned 0.15% of The Providence Service Corporation worth $1,046,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Mason Street Advisors LLC purchased a new position in shares of The Providence Service Corporation during the second quarter worth about $107,000. Sei Investments Co. boosted its position in shares of The Providence Service Corporation by 70.5% in the third quarter. Sei Investments Co. now owns 3,083 shares of the company’s stock worth $150,000 after buying an additional 1,275 shares in the last quarter. Capstone Asset Management Co. purchased a new position in shares of The Providence Service Corporation during the third quarter worth about $207,000. Capital Fund Management S.A. purchased a new position in shares of The Providence Service Corporation during the second quarter worth about $211,000. Finally, AHL Partners LLP purchased a new position in shares of The Providence Service Corporation during the second quarter worth about $223,000. Institutional investors own 94.68% of the company’s stock.

Shares of The Providence Service Corporation (NASDAQ:PRSC) opened at 39.36 on Friday. The stock has a market capitalization of $557.53 million, a price-to-earnings ratio of 8.54 and a beta of 1.00. The Providence Service Corporation has a 52-week low of $34.89 and a 52-week high of $55.28. The company has a 50-day moving average price of $38.37 and a 200-day moving average price of $42.93.

The Providence Service Corporation (NASDAQ:PRSC) last posted its earnings results on Tuesday, November 8th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The Providence Service Corporation had a net margin of 3.90% and a return on equity of 11.59%. The business had revenue of $412.50 million for the quarter, compared to analysts’ expectations of $417 million. During the same period last year, the firm posted $0.07 earnings per share. The Providence Service Corporation’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities analysts anticipate that The Providence Service Corporation will post $1.68 earnings per share for the current year.

A number of equities analysts recently issued reports on PRSC shares. TheStreet upgraded The Providence Service Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 3rd. Zacks Investment Research raised The Providence Service Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 11th. Finally, Avondale Partners initiated coverage on The Providence Service Corporation in a research report on Tuesday, October 11th. They issued a “market perform” rating for the company.

In other The Providence Service Corporation news, CEO James M. Lindstrom bought 1,500 shares of The Providence Service Corporation stock in a transaction dated Monday, November 21st. The shares were purchased at an average cost of $37.75 per share, with a total value of $56,625.00. Following the completion of the purchase, the chief executive officer now owns 27,653 shares of the company’s stock, valued at $1,043,900.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 14.40% of the stock is currently owned by insiders.

About The Providence Service Corporation

The Providence Service Corporation is a holding company. The Company, through its subsidiaries, provides critical healthcare and workforce development services. It operates in over two industry sectors, including the United States healthcare and global workforce development, through its three operating segments: Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Health Assessment Services (HA Services).

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