Robeco Institutional Asset Management B.V. lessened its holdings in shares of The Providence Service Co. (NASDAQ:PRSC) by 51.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,462 shares of the company’s stock after selling 3,730 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in The Providence Service were worth $231,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Municipal Employees Retirement System of Michigan acquired a new stake in The Providence Service in the fourth quarter valued at approximately $191,000. Squarepoint Ops LLC acquired a new stake in The Providence Service in the fourth quarter valued at approximately $513,000. Rhumbline Advisers raised its holdings in The Providence Service by 19.0% in the fourth quarter. Rhumbline Advisers now owns 33,679 shares of the company’s stock valued at $2,021,000 after acquiring an additional 5,389 shares in the last quarter. BBT Capital Management LLC acquired a new stake in The Providence Service in the fourth quarter valued at approximately $275,000. Finally, Neuberger Berman Group LLC increased its stake in The Providence Service by 9.0% in the third quarter. Neuberger Berman Group LLC now owns 375,936 shares of the company’s stock valued at $25,293,000 after purchasing an additional 31,135 shares during the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub upgraded shares of The Providence Service from a “hold” rating to a “buy” rating in a research note on Wednesday, February 20th.
Shares of The Providence Service stock opened at $66.74 on Wednesday. The company has a market capitalization of $840.63 million, a price-to-earnings ratio of 29.50 and a beta of 0.92. The Providence Service Co. has a 52 week low of $54.02 and a 52 week high of $83.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.40 and a current ratio of 1.40.
The Providence Service (NASDAQ:PRSC) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The company had revenue of $367.82 million for the quarter. The Providence Service had a negative net margin of 1.79% and a positive return on equity of 9.39%.
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About The Providence Service
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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