The stock of The Providence Service Corporation (NASDAQ:PRSC) hit a new 52-week low and has $36.96 target or 9.00% below today’s $40.62 share price. The 7 months bearish chart indicates high risk for the $575.87M company. The 1-year low was reported on Oct, 28 by Barchart.com. If the $36.96 price target is reached, the company will be worth $51.83M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 24,300 shares traded hands. The Providence Service Corporation (NASDAQ:PRSC) has declined 16.24% since March 28, 2016 and is downtrending. It has underperformed by 20.95% the S&P500.
Analysts await The Providence Service Corporation (NASDAQ:PRSC) to report earnings on November, 14. They expect $0.62 earnings per share, up 785.71% or $0.55 from last year’s $0.07 per share. PRSC’s profit will be $8.79 million for 16.38 P/E if the $0.62 EPS becomes a reality. After $0.70 actual earnings per share reported by The Providence Service Corporation for the previous quarter, Wall Street now forecasts -11.43% negative EPS growth.
The Providence Service Corporation (NASDAQ:PRSC) Ratings Coverage
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. The Providence Service Corporation has been the topic of 3 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was maintained by Barrington Research on Monday, August 10 with “Outperform”. The firm earned “Outperform” rating on Tuesday, September 22 by Barrington Research. The firm has “Mkt Perform” rating by Avondale given on Tuesday, October 11.
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.”
Insitutional Activity: The institutional sentiment increased to 1.21 in 2016 Q2. Its up 0.12, from 1.09 in 2016Q1. The ratio is positive, 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 Ltd Liability Corp owns 6,330 shares or 0% of their US portfolio. Pnc Fincl Services Gru has 0% invested in the company for 80 shares. Skyline Asset Mngmt L P has invested 1.37% of its portfolio in The Providence Service Corporation (NASDAQ:PRSC). Millennium Mgmt Lc holds 27,781 shares or 0% of its portfolio. Hbk Investments Limited Partnership has 18,300 shares for 0.01% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 390 shares or 0% of its portfolio. Moreover, Metropolitan Life Insurance Company Ny has 0% invested in The Providence Service Corporation (NASDAQ:PRSC) for 10,095 shares. Coliseum Cap Management Llc last reported 36.86% of its portfolio in the stock. Sector Pension Investment Board owns 9,100 shares or 0% of their US portfolio. Price T Rowe Inc Md last reported 0% of its portfolio in the stock. State Board Of Administration Of Florida Retirement System holds 0% of its portfolio in The Providence Service Corporation (NASDAQ:PRSC) for 9,343 shares. Amer Century last reported 0.01% of its portfolio in the stock. American Intll Group Incorporated holds 0% of its portfolio in The Providence Service Corporation (NASDAQ:PRSC) for 9,509 shares. Northrock Partners Ltd last reported 20,174 shares in the company. Par Capital Mngmt has 150,066 shares for 0.11% of their US portfolio.
Insider Transactions: Since September 2, 2016, the stock had 4 insider buys, and 0 insider sales for $433,527 net activity. 2,000 shares were bought by Shackelton David Casey, worth $93,700. Umscheid Matthew had bought 500 shares worth $23,502 on Friday, September 2. Another trade for 2,500 shares valued at $116,525 was made by LINDSTROM JAMES M on Friday, September 2. $199,800 worth of shares were bought by COULTER DAVID A on Friday, September 16.
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 Completes Sale of Providence Human Services and …” published on November 02, 2015, Prnewswire.com published: “Providence Service Corporation Appoints James M. Lindstrom as Chief Executive …” on August 06, 2015. More interesting news about The Providence Service Corporation (NASDAQ:PRSC) were released by: Prnewswire.com and their article: “Providence Service Corporation Appoints David Shackelton as Chief Financial …” published on October 01, 2015 as well as Prnewswire.com‘s news article titled: “Providence Service Corporation Names Matthew K. Umscheid Senior Vice President …” with publication date: November 02, 2015.
PRSC Company Profile
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.
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