The Providence Service (NASDAQ:PRSC) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Several other equities analysts have also recently commented on PRSC. TheStreet upgraded The Providence Service from a “c+” rating to a “b” rating in a research report on Tuesday, November 7th. Barrington Research restated an “outperform” rating and set a $67.00 target price on shares of The Providence Service in a research report on Thursday, November 9th. Finally, Zacks Investment Research upgraded The Providence Service from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The Providence Service presently has an average rating of “Hold” and an average target price of $67.00.

The Providence Service (NASDAQ PRSC) opened at $62.60 on Friday. The firm has a market capitalization of $837.47, a price-to-earnings ratio of -41.46, a PEG ratio of 2.63 and a beta of 0.89. The Providence Service has a 52-week low of $38.04 and a 52-week high of $66.19.

In related news, Director Coliseum Capital Management, L sold 314,605 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $56.07, for a total transaction of $17,639,902.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard A. Kerley sold 3,500 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $59.07, for a total value of $206,745.00. Following the transaction, the director now owns 33,152 shares of the company’s stock, valued at $1,958,288.64. The disclosure for this sale can be found here. 18.93% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. grew its position in The Providence Service by 2.2% during the third quarter. Prudential Financial Inc. now owns 122,869 shares of the company’s stock worth $6,645,000 after buying an additional 2,690 shares in the last quarter. Vanguard Group Inc. lifted its stake in The Providence Service by 0.9% during the second quarter. Vanguard Group Inc. now owns 661,798 shares of the company’s stock worth $33,493,000 after purchasing an additional 6,099 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in The Providence Service by 13.4% during the second quarter. Parametric Portfolio Associates LLC now owns 22,042 shares of the company’s stock worth $1,116,000 after purchasing an additional 2,608 shares during the last quarter. Macquarie Group Ltd. bought a new stake in The Providence Service during the third quarter worth about $413,000. Finally, Teachers Advisors LLC lifted its stake in The Providence Service by 43.0% during the second quarter. Teachers Advisors LLC now owns 79,071 shares of the company’s stock worth $4,002,000 after purchasing an additional 23,771 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

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About The Providence Service

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.

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