Bank of New York Mellon Corp cut its holdings in shares of The Providence Service Co. (NASDAQ:PRSC) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 178,106 shares of the company’s stock after selling 5,063 shares during the period. Bank of New York Mellon Corp’s holdings in The Providence Service were worth $13,990,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PRSC. Principal Financial Group Inc. increased its stake in The Providence Service by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 88,494 shares of the company’s stock valued at $6,118,000 after buying an additional 2,302 shares during the period. Piedmont Investment Advisors LLC acquired a new position in The Providence Service in the 2nd quarter valued at approximately $207,000. TD Asset Management Inc. acquired a new position in The Providence Service in the 2nd quarter valued at approximately $5,451,000. IndexIQ Advisors LLC increased its stake in The Providence Service by 8.7% in the 2nd quarter. IndexIQ Advisors LLC now owns 31,638 shares of the company’s stock valued at $2,485,000 after buying an additional 2,541 shares during the period. Finally, KBC Group NV increased its stake in shares of The Providence Service by 51.2% during the 2nd quarter. KBC Group NV now owns 23,372 shares of the company’s stock worth $1,836,000 after purchasing an additional 7,919 shares during the last quarter. 97.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PRSC opened at $67.74 on Friday. The Providence Service Co. has a 12 month low of $55.69 and a 12 month high of $83.90. The firm has a market cap of $883.84 million, a PE ratio of 33.66 and a beta of 0.67.

The Providence Service (NASDAQ:PRSC) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.30. The business had revenue of $421.32 million during the quarter, compared to the consensus estimate of $404.90 million. The Providence Service had a net margin of 1.80% and a return on equity of 8.71%. The Providence Service’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS.

Several research analysts have recently commented on the stock. BidaskClub upgraded shares of The Providence Service from a “sell” rating to a “hold” rating in a research note on Saturday, October 6th. ValuEngine lowered shares of The Providence Service from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd.

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The Providence Service Company Profile

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 The Providence Service (NASDAQ:PRSC)

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