The stock of The Providence Service Corporation (NASDAQ:PRSC) hit a new 52-week low and has $35.12 target or 7.00% below today’s $37.76 share price. The 6 months bearish chart indicates high risk for the $557.09M company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $35.12 price target is reached, the company will be worth $39.00M 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 170,174 shares traded hands or 88.59% up from the average. The Providence Service Corporation (NASDAQ:PRSC) has declined 14.50% since April 7, 2016 and is downtrending. It has underperformed by 19.28% 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 $9.15 million for 15.23 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), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. The Providence Service Corporation has been the topic of 4 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Barrington Research maintained The Providence Service Corporation (NASDAQ:PRSC) on Tuesday, September 22 with “Outperform” rating. The rating was initiated by Avondale with “Mkt Perform” on Tuesday, October 11. Barrington Research maintained the shares of PRSC in a report on Monday, August 10 with “Outperform” rating. The firm earned “Market Outperform” rating on Wednesday, November 2 by Avondale.
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 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.
The New York-based Alliancebernstein Lp has invested 0% in The Providence Service Corporation (NASDAQ:PRSC). Moreover, Paradigm Asset has 0% invested in The Providence Service Corporation (NASDAQ:PRSC) for 2,800 shares. The Massachusetts-based Aristotle Boston Limited Liability Com has invested 1.82% in The Providence Service Corporation (NASDAQ:PRSC). Comerica State Bank last reported 0% of its portfolio in the stock. Cardinal Cap Mgmt Ltd Com Ct last reported 1% of its portfolio in the stock. Par Capital Management owns 150,066 shares or 0.11% of their US portfolio. Fmr Limited Liability Com, a Massachusetts-based fund reported 1.77 million shares. Moreover, Kcg has 0.01% invested in The Providence Service Corporation (NASDAQ:PRSC) for 5,982 shares. Panagora Asset Mngmt Inc, a Massachusetts-based fund reported 897 shares. Goldman Sachs Grp Incorporated Incorporated has invested 0% of its portfolio in The Providence Service Corporation (NASDAQ:PRSC). Morgan Stanley has invested 0% of its portfolio in The Providence Service Corporation (NASDAQ:PRSC). Invesco accumulated 146,268 shares or 0% of the stock. Moreover, has 0% invested in The Providence Service Corporation (NASDAQ:PRSC) for 9,509 shares. Kbc Grp Inc Nv, a Belgium-based fund reported 16,672 shares. Allianz Asset Mngmt Ag has 0% invested in the company for 160,964 shares.
Insider Transactions: Since September 2, 2016, the stock had 4 insider purchases, and 0 selling transactions for $433,527 net activity. LINDSTROM JAMES M had bought 2,500 shares worth $116,525. Umscheid Matthew also bought $23,502 worth of The Providence Service Corporation (NASDAQ:PRSC) shares. Shackelton David Casey also bought $93,700 worth of The Providence Service Corporation (NASDAQ:PRSC) on Friday, September 2. Another trade for 4,225 shares valued at $199,800 was bought by COULTER DAVID A.
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 Completes Sale of Providence Human Services and …” 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 Announces CEO Transition Plan” published on May 11, 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.
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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