BidaskClub cut shares of The Providence Service (NASDAQ:PRSC) from a hold rating to a sell rating in a report published on Saturday.

The Providence Service stock opened at $66.59 on Friday. The company has a market capitalization of $846.82 million, a P/E ratio of 37.99 and a beta of 0.65. The Providence Service has a twelve month low of $51.77 and a twelve month high of $83.90.

The Providence Service (NASDAQ:PRSC) last posted its quarterly earnings results on Tuesday, August 7th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.08. The company had revenue of $411.79 million for the quarter. The Providence Service had a return on equity of 7.49% and a net margin of 2.22%.

Several institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC grew its stake in shares of The Providence Service by 17.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 4,709 shares of the company’s stock worth $326,000 after buying an additional 706 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in The Providence Service by 5.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 15,125 shares of the company’s stock valued at $1,045,000 after acquiring an additional 822 shares in the last quarter. Legal & General Group Plc lifted its position in The Providence Service by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 21,726 shares of the company’s stock valued at $1,710,000 after acquiring an additional 868 shares in the last quarter. Globeflex Capital L P lifted its position in The Providence Service by 15.2% in the 2nd quarter. Globeflex Capital L P now owns 7,600 shares of the company’s stock valued at $597,000 after acquiring an additional 1,000 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its position in The Providence Service by 13.2% in the 2nd quarter. WINTON GROUP Ltd now owns 9,055 shares of the company’s stock valued at $711,000 after acquiring an additional 1,053 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

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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