The Providence Service Co. (NASDAQ:PRSC) CEO R Carter Pate purchased 1,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were acquired at an average price of $57.97 per share, for a total transaction of $57,970.00. Following the transaction, the chief executive officer now directly owns 24,317 shares of the company’s stock, valued at approximately $1,409,656.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

PRSC stock traded up $0.52 during mid-day trading on Thursday, reaching $57.65. 35,878 shares of the company’s stock were exchanged, compared to its average volume of 62,669. The company has a market cap of $743.40 million, a price-to-earnings ratio of 26.35 and a beta of 0.78. The stock’s 50 day moving average is $55.67 and its 200 day moving average is $63.35. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.47 and a quick ratio of 1.40. The Providence Service Co. has a 12-month low of $46.53 and a 12-month high of $75.61.

The Providence Service (NASDAQ:PRSC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.13). The business had revenue of $363.91 million for the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 EPS.

A number of brokerages have issued reports on PRSC. TheStreet downgraded The Providence Service from a “b-” rating to a “c+” rating in a research report on Friday, June 28th. BidaskClub upgraded The Providence Service from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in shares of The Providence Service by 1.2% in the second quarter. BlackRock Inc. now owns 1,757,138 shares of the company’s stock valued at $100,755,000 after acquiring an additional 20,693 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of The Providence Service by 0.7% in the second quarter. Vanguard Group Inc. now owns 729,632 shares of the company’s stock valued at $41,837,000 after acquiring an additional 5,027 shares in the last quarter. Investment Counselors of Maryland LLC lifted its position in shares of The Providence Service by 1.1% in the second quarter. Investment Counselors of Maryland LLC now owns 321,690 shares of the company’s stock valued at $18,446,000 after acquiring an additional 3,614 shares in the last quarter. Cardinal Capital Management LLC CT lifted its position in shares of The Providence Service by 62.5% in the second quarter. Cardinal Capital Management LLC CT now owns 274,578 shares of the company’s stock valued at $15,744,000 after acquiring an additional 105,601 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of The Providence Service by 0.7% in the second quarter. Wedge Capital Management L L P NC now owns 273,416 shares of the company’s stock valued at $15,678,000 after acquiring an additional 1,788 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

The Providence Service Company 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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