Spark Investment Management LLC bought a new stake in shares of The Providence Service Corporation (NASDAQ:PRSC) during the second quarter, Holdings Channel reports. The fund bought 18,700 shares of the company’s stock, valued at approximately $946,000.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of The Providence Service Corporation by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 874,864 shares of the company’s stock valued at $38,879,000 after buying an additional 47,534 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of The Providence Service Corporation by 3.6% in the first quarter. Vanguard Group Inc. now owns 655,699 shares of the company’s stock valued at $29,139,000 after buying an additional 22,834 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of The Providence Service Corporation by 0.9% in the first quarter. Neuberger Berman Group LLC now owns 532,832 shares of the company’s stock valued at $23,679,000 after buying an additional 4,526 shares in the last quarter. State Street Corp boosted its position in shares of The Providence Service Corporation by 7.5% in the fourth quarter. State Street Corp now owns 289,040 shares of the company’s stock valued at $10,996,000 after buying an additional 20,280 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC boosted its position in shares of The Providence Service Corporation by 8.7% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 272,595 shares of the company’s stock valued at $12,114,000 after buying an additional 21,825 shares in the last quarter. 92.89% of the stock is currently owned by hedge funds and other institutional investors.

The Providence Service Corporation (PRSC) opened at 49.26 on Friday. The stock has a 50 day moving average of $50.43 and a 200 day moving average of $45.40. The firm has a market cap of $667.62 million, a PE ratio of 10.30 and a beta of 0.95. The Providence Service Corporation has a 52 week low of $34.89 and a 52 week high of $54.99.

The Providence Service Corporation (NASDAQ:PRSC) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.10. The firm had revenue of $407.98 million during the quarter, compared to analysts’ expectations of $392.71 million. The Providence Service Corporation had a return on equity of 6.94% and a net margin of 4.11%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. Analysts anticipate that The Providence Service Corporation will post $1.35 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This news story was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.watchlistnews.com/spark-investment-management-llc-buys-shares-of-18700-the-providence-service-corporation-prsc/1472243.html.

Several brokerages have recently issued reports on PRSC. Barrington Research lifted their price objective on shares of The Providence Service Corporation from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday. BidaskClub cut shares of The Providence Service Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. ValuEngine raised shares of The Providence Service Corporation from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Zacks Investment Research cut shares of The Providence Service Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $55.50.

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.

Want to see what other hedge funds are holding PRSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Providence Service Corporation (NASDAQ:PRSC).

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.