Institutional Investors Lead Shift in Providence Service Corp (NASDAQ:PRSC) Sentiment

January 21, 2018 - By Linda Rogers

 Institutional Investors Lead Shift in Providence Service Corp (NASDAQ:PRSC) Sentiment

Sentiment for Providence Service Corp (NASDAQ:PRSC)

Providence Service Corp (NASDAQ:PRSC) institutional sentiment decreased to 0.8 in 2017 Q3. Its down -0.53, from 1.33 in 2017Q2. The ratio has worsened, as 48 investment managers opened new and increased equity positions, while 60 sold and decreased equity positions in Providence Service Corp. The investment managers in our partner’s database now have: 12.62 million shares, up from 12.51 million shares in 2017Q2. Also, the number of investment managers holding Providence Service Corp in their top 10 equity positions decreased from 2 to 1 for a decrease of 1. Sold All: 11 Reduced: 49 Increased: 32 New Position: 16.

The Providence Service Corporation, through its subsidiaries, provides critical healthcare and workforce development services for public and private sector entities in the United States and internationally. The company has market cap of $866.06 million. It operates through Non-Emergency Transportation Services and Workforce Development Services (WD Services) divisions. It has a 11.27 P/E ratio. 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.

The stock increased 0.93% or $0.6 during the last trading session, reaching $65.09. About 57,270 shares traded. The Providence Service Corporation (NASDAQ:PRSC) has declined 2.07% since January 21, 2017 and is downtrending. It has underperformed by 18.77% the S&P500.

Analysts await The Providence Service Corporation (NASDAQ:PRSC) to report earnings on March, 8. They expect $0.36 earnings per share, up 9.09 % or $0.03 from last year’s $0.33 per share. PRSC’s profit will be $4.79M for 45.20 P/E if the $0.36 EPS becomes a reality. After $0.32 actual earnings per share reported by The Providence Service Corporation for the previous quarter, Wall Street now forecasts 12.50 % EPS growth.

Coliseum Capital Management Llc holds 79.08% of its portfolio in The Providence Service Corporation for 1.97 million shares. Kestrel Investment Management Corp owns 130,800 shares or 2.5% of their US portfolio. Moreover, Neumeier Poma Investment Counsel Llc has 2.09% invested in the company for 369,470 shares. The Massachusetts-based Eagle Boston Investment Management Inc has invested 1.22% in the stock. Aristotle Capital Boston Llc, a Massachusetts-based fund reported 181,522 shares.#img1#

Since January 1, 0001, it had 0 buys, and 2 insider sales for $18.06 million activity.

The Providence Service Corporation (NASDAQ:PRSC) Ratings Coverage

Ratings analysis reveals 67% of The Providence Service Corporation’s analysts are positive. Out of 3 Wall Street analysts rating The Providence Service Corporation, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $61 while the high is $67.0. The stock’s average target of $64.50 is -0.91% below today’s ($65.09) share price. PRSC was included in 6 notes of analysts from August 10, 2015. The firm earned “Market Outperform” rating on Wednesday, November 2 by Avondale. Avondale initiated the stock with “Mkt Perform” rating in Tuesday, October 11 report. As per Thursday, November 10, the company rating was downgraded by Avondale. Barrington Research maintained The Providence Service Corporation (NASDAQ:PRSC) rating on Monday, August 10. Barrington Research has “Outperform” rating and $61 target. Barrington Research maintained the shares of PRSC in report on Tuesday, September 22 with “Outperform” rating.

More important recent The Providence Service Corporation (NASDAQ:PRSC) news were published by: Globenewswire.com which released: “Providence Service Corporation Appoints Jeff Felton as Chief Executive Officer …” on July 07, 2017, also Seekingalpha.com published article titled: “Providence Service Corporation: Underfollowed, Undervalued Medical …”, Seekingalpha.com published: “The Providence Service Corporation’s (PRSC) CEO Jim Lindstrom on Q3 2017 …” on November 08, 2017. More interesting news about The Providence Service Corporation (NASDAQ:PRSC) was released by: Seekingalpha.com and their article: “Providence Service’s (PRSC) CEO James Lindstrom on Q2 2017 Results – Earnings …” with publication date: August 09, 2017.

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