Northrock Partners buys $819,874 stake in The Providence Service Corporation (PRSC)

The Providence Service Corporation (PRSC) : Northrock Partners scooped up 1,188 additional shares in The Providence Service Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 21,362 shares of The Providence Service Corporation which is valued at $819,874.The Providence Service Corporation makes up approximately 0.35% of Northrock Partners’s portfolio.

Other Hedge Funds, Including , Mason Street Advisors boosted its stake in PRSC in the latest quarter, The investment management firm added 185 additional shares and now holds a total of 2,567 shares of The Providence Service Corporation which is valued at $98,521.Geode Capital Management boosted its stake in PRSC in the latest quarter, The investment management firm added 1,329 additional shares and now holds a total of 90,690 shares of The Providence Service Corporation which is valued at $3,380,923. Emerald Acquisition Ltd. sold out all of its stake in PRSC during the most recent quarter. The investment firm sold 44,200 shares of PRSC which is valued $1,661,920.Blackrock Advisors boosted its stake in PRSC in the latest quarter, The investment management firm added 513 additional shares and now holds a total of 6,843 shares of The Providence Service Corporation which is valued at $276,799. Teacher Retirement System Of Texas sold out all of its stake in PRSC during the most recent quarter. The investment firm sold 1,823 shares of PRSC which is valued $72,938.

The Providence Service Corporation opened for trading at $37.62 and hit $38.72 on the upside on Monday, eventually ending the session at $38.36, with a gain of 1.72% or 0.65 points. The heightened volatility saw the trading volume jump to 85,940 shares. Company has a market cap of $543 M.

On the company’s financial health, The Providence Service Corporation reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.65. The company had revenue of $450.60 million for the quarter, compared to analysts expectations of $433.38 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on The Providence Service Corporation. The Providence Service Corporation was Downgraded by Avondale to ” Mkt Perform” on Nov 10, 2016. The Providence Service Corporation was Initiated by Avondale to “Mkt Perform” on Oct 11, 2016.

The Providence Service Corporation (Providence) provides and manages Government sponsored non-emergency transportation (NET) services human services workforce development (WD) services and health assessment (HA) services. Providence operates through four segments: NET Services Human Services WD Services and HA Services. NET Services which operates under the Logisticare brand manages transportation networks and arrange for client transportation to healthcare related facilities and services for state or regional Medicaid agencies managed care organizations (MCOs) and commercial insurers. Providence’s human services segment works with clients who are eligible for Government assistance. The WD Services segment provides workforce development services that include resume and job interview skills networking and job placement services and technical job training. The HA Services segment provides comprehensive health assessments (CHAs) for Medicare Advantage (MA) health plans.

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