Eagle Boston Investment Management Inc. cut its holdings in shares of Providence Service Co. (NASDAQ:PRSC) by 18.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 181,540 shares of the company’s stock after selling 41,883 shares during the quarter. Providence Service comprises about 1.2% of Eagle Boston Investment Management Inc.’s holdings, making the stock its 23rd largest position. Eagle Boston Investment Management Inc.’s holdings in Providence Service were worth $12,551,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PRSC. SG Americas Securities LLC acquired a new stake in Providence Service during the 1st quarter worth approximately $122,000. LS Investment Advisors LLC boosted its position in Providence Service by 437.3% during the 4th quarter. LS Investment Advisors LLC now owns 2,676 shares of the company’s stock worth $159,000 after buying an additional 2,178 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in Providence Service during the 4th quarter worth approximately $212,000. Teacher Retirement System of Texas acquired a new stake in Providence Service during the 4th quarter worth approximately $230,000. Finally, Capital Fund Management S.A. acquired a new stake in Providence Service during the 4th quarter worth approximately $231,000. Institutional investors and hedge funds own 94.91% of the company’s stock.

Providence Service stock opened at $75.01 on Friday. Providence Service Co. has a 52-week low of $71.65 and a 52-week high of $73.80. The company has a market cap of $948.01 million, a price-to-earnings ratio of 44.76 and a beta of 0.80.

Providence Service (NASDAQ:PRSC) last released its quarterly earnings results on Wednesday, May 9th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.18. Providence Service had a net margin of 3.13% and a return on equity of 8.39%. The firm had revenue of $406.05 million during the quarter, compared to analyst estimates of $403.80 million. During the same quarter last year, the business earned $0.35 EPS. The company’s revenue was up 1.6% compared to the same quarter last year.

In other Providence Service news, Director Kristi Meints sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $68.57, for a total transaction of $685,700.00. Following the completion of the transaction, the director now owns 45,936 shares in the company, valued at approximately $3,149,831.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard A. Kerley sold 667 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $70.89, for a total transaction of $47,283.63. Following the transaction, the director now owns 31,836 shares of the company’s stock, valued at approximately $2,256,854.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,667 shares of company stock valued at $4,371,899. Company insiders own 18.93% of the company’s stock.

PRSC has been the topic of several recent research reports. ValuEngine upgraded shares of Providence Service from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 21st. BidaskClub downgraded shares of Providence Service from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 28th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $67.00.

About Providence Service

The Providence Service Corporation, through its subsidiaries, provides healthcare and workforce development services in the United States and internationally. It operates in two segments, Non-Emergency Transportation Services (NET Services) and Workforce Development Services (WD Services). The NET Services segment offers non-emergency medical transportation services for Medicaid or Medicare eligible members, whose limited mobility or financial resources hinder their ability to access necessary healthcare and social services.

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

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