The Providence Service Co. (NASDAQ:PRSC) CFO David Casey Shackelton sold 31,467 shares of The Providence Service stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $70.22, for a total transaction of $2,209,612.74. Following the transaction, the chief financial officer now directly owns 44,401 shares in the company, valued at approximately $3,117,838.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
David Casey Shackelton also recently made the following trade(s):
- On Friday, March 16th, David Casey Shackelton sold 20,533 shares of The Providence Service stock. The stock was sold at an average price of $69.61, for a total transaction of $1,429,302.13.
PRSC stock traded down $0.08 during mid-day trading on Friday, hitting $71.74. 69,626 shares of the company were exchanged, compared to its average volume of 102,787. The company has a market capitalization of $923.08, a P/E ratio of 43.48 and a beta of 0.80. The Providence Service Co. has a 1-year low of $42.99 and a 1-year high of $74.49.
The Providence Service (NASDAQ:PRSC) last announced its earnings results on Thursday, March 8th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.36 by $0.30. The firm had revenue of $406.90 million for the quarter, compared to the consensus estimate of $405.94 million. The Providence Service had a net margin of 2.58% and a return on equity of 7.53%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS.
A number of hedge funds have recently made changes to their positions in PRSC. LS Investment Advisors LLC raised its holdings in The Providence Service by 437.3% during the 4th quarter. LS Investment Advisors LLC now owns 2,676 shares of the company’s stock worth $159,000 after buying an additional 2,178 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in shares of The Providence Service in the fourth quarter valued at approximately $212,000. Teacher Retirement System of Texas acquired a new stake in shares of The Providence Service in the fourth quarter valued at approximately $230,000. Capital Fund Management S.A. acquired a new stake in shares of The Providence Service in the fourth quarter valued at approximately $231,000. Finally, Municipal Employees Retirement System of Michigan raised its holdings in shares of The Providence Service by 51.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,350 shares of the company’s stock valued at $235,000 after purchasing an additional 1,480 shares during the last quarter. Hedge funds and other institutional investors own 97.66% of the company’s stock.
Several research analysts recently weighed in on PRSC shares. ValuEngine raised shares of The Providence Service from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. BidaskClub upgraded shares of The Providence Service from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Finally, Zacks Investment Research upgraded shares of The Providence Service from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $67.00.
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The Providence Service 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.
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