Today, James M. Lindstrom invests in 1,500 by buying The Providence Service Corp. (PRSC) Stock shares

Today, James M. Lindstrom invests in 1,500 by buying The Providence Service Corp. (PRSC) Stock shares
The Providence Service Corp. (NASDAQ:PRSC) CEO James M. Lindstrom purchased 1,500 shares of the stock in a transaction dated Monday, November 21st. The stock was purchased at an average price of $37.75 per share, for a total transaction of $56,625.00. Following the completion of the acquisition, the chief executive officer now directly owns 27,653 shares in the company, valued at approximately $1,043,900.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

The Providence Service Corp. (NASDAQ:PRSC) opened at 36.96 on Friday. The stock’s 50 day moving average is $42.04 and its 200 day moving average is $45.97. The stock has a market capitalization of $523.54 million, a price-to-earnings ratio of 8.02 and a beta of 1.08. The Providence Service Corp. has a 12-month low of $36.64 and a 12-month high of $55.28.

The Providence Service Corp. (NASDAQ:PRSC) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $412.50 million for the quarter, compared to analyst estimates of $417 million. The Providence Service Corp. had a net margin of 3.90% and a return on equity of 11.59%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 EPS. Equities research analysts forecast that The Providence Service Corp. will post $2.16 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Riverhead Capital Management LLC raised its stake in The Providence Service Corp. by 352,260.8% in the second quarter. Riverhead Capital Management LLC now owns 15,000,000 shares of the company’s stock worth $14,176,000 after buying an additional 14,995,743 shares during the last quarter. Neuberger Berman Group LLC raised its stake in The Providence Service Corp. by 25.3% in the third quarter. Neuberger Berman Group LLC now owns 465,396 shares of the company’s stock worth $22,632,000 after buying an additional 93,841 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of The Providence Service Corp. by 9.7% in the third quarter. BlackRock Fund Advisors now owns 910,287 shares of the company’s stock worth $44,267,000 after buying an additional 80,235 shares during the last quarter. American Century Companies Inc. raised its stake in shares of The Providence Service Corp. by 31.8% in the second quarter. American Century Companies Inc. now owns 277,000 shares of the company’s stock worth $12,432,000 after buying an additional 66,841 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of The Providence Service Corp. during the second quarter worth about $1,984,000. 93.33% of the stock is currently owned by institutional investors and hedge funds.

PRSC has been the subject of several research analyst reports. TheStreet raised shares of The Providence Service Corp. from a “hold” rating to a “buy” rating in a research report on Monday, October 3rd. Zacks Investment Research raised shares of The Providence Service Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, September 17th. Finally, Avondale Partners initiated coverage on shares of The Providence Service Corp. in a research report on Tuesday, October 11th. They issued a “market perform” rating for the company.

About The Providence Service Corp.

The Providence Service Corporation is a holding company. The Company, through its subsidiaries, provides critical healthcare and workforce development services. It operates in over two industry sectors, including the United States healthcare and global workforce development, through its three operating segments: Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Health Assessment Services (HA Services).

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