The Providence Service Co. (NASDAQ:PRSC) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its holdings in The Providence Service Co. (NASDAQ:PRSC) by 5.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,296 shares of the company’s stock after selling 1,265 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.18% of The Providence Service worth $1,336,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in shares of The Providence Service by 1.2% in the 2nd quarter. BlackRock Inc. now owns 1,757,138 shares of the company’s stock worth $100,755,000 after purchasing an additional 20,693 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of The Providence Service by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 729,632 shares of the company’s stock worth $41,837,000 after purchasing an additional 5,027 shares in the last quarter. Investment Counselors of Maryland LLC boosted its position in shares of The Providence Service by 1.1% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 321,690 shares of the company’s stock worth $18,446,000 after purchasing an additional 3,614 shares in the last quarter. Cardinal Capital Management LLC CT boosted its position in shares of The Providence Service by 62.5% in the 2nd quarter. Cardinal Capital Management LLC CT now owns 274,578 shares of the company’s stock worth $15,744,000 after purchasing an additional 105,601 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its position in shares of The Providence Service by 0.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 273,416 shares of the company’s stock worth $15,678,000 after purchasing an additional 1,788 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Kevin M. Dotts purchased 864 shares of the stock in a transaction on Friday, August 16th. The stock was bought at an average price of $57.80 per share, with a total value of $49,939.20. Following the transaction, the chief financial officer now owns 864 shares in the company, valued at approximately $49,939.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO R Carter Pate purchased 1,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $57.97 per share, with a total value of $57,970.00. Following the transaction, the chief executive officer now owns 24,317 shares in the company, valued at approximately $1,409,656.49. The disclosure for this purchase can be found here. Insiders own 11.62% of the company’s stock.

The Providence Service stock opened at $57.69 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market capitalization of $733.22 million, a price-to-earnings ratio of 26.43 and a beta of 0.75. The Providence Service Co. has a 1-year low of $46.53 and a 1-year high of $75.61. The business has a fifty day moving average price of $58.08 and a 200-day moving average price of $60.88.

The Providence Service (NASDAQ:PRSC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.13). The business had revenue of $363.91 million during the quarter, compared to analyst estimates of $364.40 million. The Providence Service had a positive return on equity of 9.33% and a negative net margin of 1.14%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS.

A number of analysts have recently weighed in on PRSC shares. TheStreet cut The Providence Service from a “b-” rating to a “c+” rating in a research report on Friday, June 28th. BidaskClub raised The Providence Service from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th.

The Providence Service Profile

The Providence Service Corporation provides healthcare services in the United States. It operates through Non-Emergency Transportation Services (NET Services) and Matrix Investment segments. 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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