Los Angeles Capital Management & Equity Research Inc. increased its stake in The Providence Service Corporation (NASDAQ:PRSC) by 1.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,106 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.16% of The Providence Service Corporation worth $1,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Eagle Boston Investment Management Inc. grew its holdings in shares of The Providence Service Corporation by 2.4% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 213,870 shares of the company’s stock worth $10,823,000 after acquiring an additional 5,091 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of The Providence Service Corporation by 4.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 557,471 shares of the company’s stock worth $28,214,000 after acquiring an additional 24,639 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of The Providence Service Corporation by 10.4% in the 2nd quarter. Prudential Financial Inc. now owns 120,179 shares of the company’s stock worth $6,082,000 after acquiring an additional 11,352 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of The Providence Service Corporation by 58.3% in 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, Comerica Bank grew its holdings in shares of The Providence Service Corporation by 13.4% in the 2nd quarter. Comerica Bank now owns 55,856 shares of the company’s stock worth $2,949,000 after acquiring an additional 6,602 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

A number of brokerages recently issued reports on PRSC. Barrington Research lifted their target price on The Providence Service Corporation from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, August 10th. BidaskClub cut The Providence Service Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine raised The Providence Service Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $55.50.

Shares of The Providence Service Corporation (NASDAQ PRSC) opened at 51.26 on Wednesday. The Providence Service Corporation has a 12 month low of $34.89 and a 12 month high of $54.99. The firm has a market cap of $692.06 million, a PE ratio of 10.67 and a beta of 0.99. The stock has a 50 day moving average price of $51.26 and a 200 day moving average price of $47.69.

The Providence Service Corporation (NASDAQ:PRSC) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.10. The Providence Service Corporation had a net margin of 4.11% and a return on equity of 6.94%. The business had revenue of $407.98 million during the quarter, compared to analysts’ expectations of $392.71 million. During the same quarter in the prior year, the company earned $0.43 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities research analysts expect that The Providence Service Corporation will post $1.44 EPS for the current year.

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About The Providence Service Corporation

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)

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