Comerica Bank grew its position in shares of The Providence Service Corporation (NASDAQ:PRSC) by 45.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,204 shares of the company’s stock after purchasing an additional 25,348 shares during the quarter. Comerica Bank owned approximately 0.60% of The Providence Service Corporation worth $4,329,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. State of Alaska Department of Revenue grew its position in The Providence Service Corporation by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,385 shares of the company’s stock worth $120,000 after acquiring an additional 1,055 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its position in The Providence Service Corporation 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 acquiring an additional 100 shares during the last quarter. Russell Investments Group Ltd. grew its position in The Providence Service Corporation by 246.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,918 shares of the company’s stock worth $148,000 after acquiring an additional 2,075 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in The Providence Service Corporation by 58.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,571 shares of the company’s stock worth $181,000 after acquiring an additional 1,315 shares during the last quarter. Finally, Aperio Group LLC bought a new position in The Providence Service Corporation during the 2nd quarter worth approximately $262,000. Institutional investors and hedge funds own 95.93% of the company’s stock.

The Providence Service Corporation (NASDAQ PRSC) opened at $56.93 on Friday. The Providence Service Corporation has a 1 year low of $34.88 and a 1 year high of $58.36. The stock has a market capitalization of $754.16, a P/E ratio of 42.94, a P/E/G ratio of 3.50 and a beta of 0.81.

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

PRSC has been the topic of several recent research reports. ValuEngine upgraded The Providence Service Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. TheStreet upgraded The Providence Service Corporation from a “c+” rating to a “b” rating in a research report on Tuesday, November 7th. Zacks Investment Research lowered The Providence Service Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. BidaskClub lowered The Providence Service Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Barrington Research raised their price target on The Providence Service Corporation from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report 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 stock presently has an average rating of “Hold” and a consensus target price of $67.00.

COPYRIGHT VIOLATION NOTICE: This article was reported by Watch List News and is owned by of Watch List News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/comerica-bank-purchases-25348-shares-of-the-providence-service-corporation-prsc/1725340.html.

The Providence Service Corporation Company 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)

Receive News & Ratings for The Providence Service Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Providence Service Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.