California State Teachers Retirement System Sells 2,900 Shares of The Providence Service Corporation (PRSC)

California State Teachers Retirement System lowered its position in shares of The Providence Service Corporation (NASDAQ:PRSC) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,260 shares of the company’s stock after selling 2,900 shares during the quarter. California State Teachers Retirement System owned about 0.15% of The Providence Service worth $1,025,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership purchased a new position in The Providence Service during the second quarter valued at $1,417,000. State Street Corp lifted its position in The Providence Service by 2.2% during the second quarter. State Street Corp now owns 305,188 shares of the company’s stock valued at $15,443,000 after buying an additional 6,449 shares during the period. Gotham Asset Management LLC lifted its position in The Providence Service by 0.7% during the second quarter. Gotham Asset Management LLC now owns 7,725 shares of the company’s stock valued at $391,000 after buying an additional 51 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its position in The Providence Service by 235.8% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 35,600 shares of the company’s stock valued at $1,801,000 after buying an additional 25,000 shares during the period. Finally, Zacks Investment Management purchased a new position in The Providence Service during the second quarter valued at $1,302,000. 95.93% of the stock is owned by institutional investors and hedge funds.

The Providence Service Corporation (NASDAQ:PRSC) opened at $56.93 on Friday. The stock has a market capitalization of $757.51, a PE ratio of 43.13, a PEG ratio of 3.51 and a beta of 0.81. The Providence Service Corporation has a 52-week low of $34.88 and a 52-week high of $58.36.

The Providence Service (NASDAQ:PRSC) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $409.50 million during the quarter, compared to analyst estimates of $407.00 million. The Providence Service had a return on equity of 6.29% and a net margin of 4.91%. The Providence Service’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS. analysts predict that The Providence Service Corporation will post 1.35 earnings per share for the current year.

Several research firms have recently issued reports on PRSC. BidaskClub lowered The Providence Service from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. ValuEngine raised The Providence Service from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Barrington Research lifted their price target on The Providence Service from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, August 10th. TheStreet raised The Providence Service from a “c+” rating to a “b” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research lowered The Providence Service from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $67.00.

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About The Providence Service

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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Institutional Ownership by Quarter for The Providence Service (NASDAQ:PRSC)

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