Insider Selling: The Providence Service Co. (PRSC) Director Sells 158,565 Shares of Stock

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The Providence Service Co. (NASDAQ:PRSC) Director Coliseum Capital Management, L sold 158,565 shares of the business’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $73.74, for a total transaction of $11,692,583.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Coliseum Capital Management, L also recently made the following trade(s):

  • On Monday, June 11th, Coliseum Capital Management, L sold 35,034 shares of The Providence Service stock. The shares were sold at an average price of $75.78, for a total transaction of $2,654,876.52.
  • On Friday, June 1st, Coliseum Capital Management, L sold 60,209 shares of The Providence Service stock. The shares were sold at an average price of $72.55, for a total transaction of $4,368,162.95.
  • On Wednesday, May 30th, Coliseum Capital Management, L sold 84,465 shares of The Providence Service stock. The shares were sold at an average price of $73.92, for a total transaction of $6,243,652.80.
  • On Tuesday, May 22nd, Coliseum Capital Management, L sold 29,100 shares of The Providence Service stock. The shares were sold at an average price of $74.78, for a total transaction of $2,176,098.00.
  • On Thursday, May 24th, Coliseum Capital Management, L sold 55,523 shares of The Providence Service stock. The shares were sold at an average price of $74.59, for a total transaction of $4,141,460.57.

The Providence Service stock opened at $78.55 on Friday. The company has a market capitalization of $1.02 billion, a PE ratio of 40.93 and a beta of 0.65. The Providence Service Co. has a twelve month low of $48.24 and a twelve month high of $79.59.

The Providence Service (NASDAQ:PRSC) last released its quarterly earnings results on Wednesday, May 9th. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.18. The company had revenue of $406.05 million during the quarter, compared to analysts’ expectations of $403.80 million. The Providence Service had a net margin of 3.13% and a return on equity of 8.39%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share.

Several institutional investors have recently added to or reduced their stakes in PRSC. SG Americas Securities LLC acquired a new position in shares of The Providence Service in the first quarter valued at approximately $122,000. LS Investment Advisors LLC boosted its holdings in shares of The Providence Service by 437.3% in the fourth quarter. LS Investment Advisors LLC now owns 2,676 shares of the company’s stock valued at $159,000 after buying an additional 2,178 shares during the period. Koch Industries Inc. acquired a new position in shares of The Providence Service in the first quarter valued at approximately $204,000. UBS Asset Management Americas Inc. acquired a new position in shares of The Providence Service in the fourth quarter valued at approximately $212,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of The Providence Service in the fourth quarter valued at approximately $230,000. Institutional investors own 92.82% of the company’s stock.

PRSC has been the subject of several recent analyst reports. ValuEngine downgraded shares of The Providence Service from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. BidaskClub downgraded shares of The Providence Service from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 28th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $67.00.

About The Providence Service

The Providence Service Corporation, through its subsidiaries, provides healthcare and workforce development services in the United States and internationally. It operates in two segments, Non-Emergency Transportation Services (NET Services) and Workforce Development Services (WD Services). 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.

Insider Buying and Selling by Quarter for The Providence Service (NASDAQ:PRSC)

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