November 23, 2016 - By Vivian Park
The Chief Executive Officer of Providence Service Corp, James Lindstrom is in the stock market news today. It was exposed in a report filled by James Lindstrom and submitted to the U.S. Security and Exchange Commission on 23/11/2016, he purchased 1,500 shares from the corporation having a value near $56,625 USD. The reported shares average price was $37.8. James now holds 27,653 shares accounting for 0.20% of the Company’s market cap
Out of 2 analysts covering The Providence Service Corporation (NASDAQ:PRSC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $62.0 is the highest target while $61 is the lowest. The $62 average target is 68.30% above today’s ($36.84) stock price. The Providence Service Corporation has been the topic of 5 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Avondale downgraded The Providence Service Corporation (NASDAQ:PRSC) on Thursday, November 10 to “Mkt Perform” rating. Barrington Research maintained it with “Outperform” rating and $62.0 target price in Tuesday, September 22 report. Avondale upgraded the shares of PRSC in a report on Wednesday, November 2 to “Market Outperform” rating. The firm earned “Outperform” rating on Monday, August 10 by Barrington Research. Avondale initiated the shares of PRSC in a report on Tuesday, October 11 with “Mkt Perform” rating.
Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.08, from 1.21 in 2016Q1. The ratio increased, as 10 funds sold all The Providence Service Corporation shares owned while 38 reduced positions. 22 funds bought stakes while 36 increased positions. They now own 14.03 million shares or 2.51% less from 14.39 million shares in 2016Q1.
Blackrock Japan accumulated 298 shares or 0% of the stock. Moreover, Voya Invest Mgmt has 0% invested in The Providence Service Corporation (NASDAQ:PRSC) for 6,813 shares. Tiaa Cref Invest Management has 54,192 shares for 0% of their US portfolio. Nationwide Fund Advisors last reported 10,204 shares in the company. Brown Advisory accumulated 444,214 shares or 0.07% of the stock. Kbc Group Inc Nv has invested 0.01% of its portfolio in The Providence Service Corporation (NASDAQ:PRSC). The New York-based Bnp Paribas Arbitrage Sa has invested 0% in The Providence Service Corporation (NASDAQ:PRSC). Secor Capital Advsr Lp holds 0.17% or 29,919 shares in its portfolio. First Mercantile last reported 1,250 shares in the company. Wells Fargo Co Mn last reported 9,184 shares in the company. Parametric Portfolio Associate Limited Liability Company accumulated 19,083 shares or 0% of the stock. Citadel Limited Liability Company holds 0% or 19,260 shares in its portfolio. The Iowa-based Principal Financial Grp Incorporated Inc has invested 0.01% in The Providence Service Corporation (NASDAQ:PRSC). Northrock Prtn Ltd Llc has 0.41% invested in the company for 20,174 shares. Wellington Management Gru Llp has 0% invested in the company for 17,058 shares.
Insider Transactions: Since September 2, 2016, the stock had 4 insider purchases, and 0 insider sales for $433,527 net activity. 2,000 shares were bought by Shackelton David Casey, worth $93,700. Shares for $23,502 were bought by Umscheid Matthew. LINDSTROM JAMES M bought $116,525 worth of stock or 2,500 shares. Shares for $199,800 were bought by COULTER DAVID A on Friday, September 16.
About 55,290 shares traded hands. The Providence Service Corporation (NASDAQ:PRSC) has declined 26.57% since April 21, 2016 and is downtrending. It has underperformed by 31.90% the S&P500.
The Providence Service Corporation is a holding company. The company has a market cap of $516.73 million. The Company, through its subsidiaries, provides critical healthcare and workforce development services. It currently has negative earnings. It operates in over two industry sectors, including the United States healthcare and global workforce development, through its three operating divisions: Non-Emergency Transportation Services , Workforce Development Services (WD Services) and Health Assessment Services (HA Services).
According to Zacks Investment Research, “Providence Service Corporation provides human services and non-emergency transportation (NET) management services to children, adolescents, young adults, and families. The Company focuses on providing its social services in the client’s home or in community-based settings. It provides its NET management services through local transportation providers. The company’s services are reimbursed by government programs such as welfare, juvenile justice, Medicaid or corrections. Providence Service Corporation is based in Tucson, Arizona.”
Analysts await The Providence Service Corporation (NASDAQ:PRSC) to report earnings on March, 9. They expect $0.52 EPS, up 8.33% or $0.04 from last year’s $0.48 per share. PRSC’s profit will be $7.29M for 17.71 P/E if the $0.52 EPS becomes a reality. After $0.35 actual EPS reported by The Providence Service Corporation for the previous quarter, Wall Street now forecasts 48.57% EPS growth.
More notable recent The Providence Service Corporation (NASDAQ:PRSC) news were published by: Globenewswire.com which released: “Providence Service Corporation and Frazier Healthcare Partners Announce ..” on August 29, 2016, also Prnewswire.com with their article: “Providence Service Corporation Appoints James M. Lindstrom as Chief Executive ..” published on August 06, 2015, Prnewswire.com published: “Providence Service Corporation Names Matthew K. Umscheid Senior Vice President ..” on November 02, 2015. More interesting news about The Providence Service Corporation (NASDAQ:PRSC) were released by: Prnewswire.com and their article: “Providence Service Corporation Completes Sale of Providence Human Services and ..” published on November 02, 2015 as well as Prnewswire.com‘s news article titled: “Providence Service Corporation Appoints David Shackelton as Chief Financial ..” with publication date: October 01, 2015.
The Providence Service Corporation (Providence), incorporated on December 20, 1996, is a holding company. The Company, through its subsidiaries, provides critical healthcare and workforce development services. The Firm operates in over two industry sectors, including the United States healthcare and global workforce development, through its three operating divisions: Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Health Assessment Services (HA Services). The NET Services segment coordinates non-emergency transportation for individuals whose limited mobility and/or financial resources would otherwise hinder them from accessing necessary healthcare and social services. The WD Services segment primarily provides employability and offender rehabilitation services to eligible participants of government sponsored programs. The HA Services segment provides care optimization and delivery solutions, including comprehensive health assessments (CHAs) for health plans, as well as in-home care management offerings. The Firm operates in over 44 states and the District of Columbia in the United States, and in approximately 11 countries outside of the United States.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Vivian Park