IndexIQ Advisors LLC reduced its stake in shares of The Providence Service Co. (NASDAQ:PRSC) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,413 shares of the company’s stock after selling 2,466 shares during the quarter. IndexIQ Advisors LLC owned 0.24% of The Providence Service worth $1,825,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in shares of The Providence Service by 24.7% during the 4th quarter. Bank of Montreal Can now owns 1,643 shares of the company’s stock worth $98,000 after purchasing an additional 325 shares in the last quarter. United Services Automobile Association lifted its position in shares of The Providence Service by 35.2% during the 2nd quarter. United Services Automobile Association now owns 4,476 shares of the company’s stock worth $352,000 after buying an additional 1,166 shares during the last quarter. MetLife Investment Advisors LLC lifted its position in shares of The Providence Service by 53.4% during the 3rd quarter. MetLife Investment Advisors LLC now owns 9,173 shares of the company’s stock worth $617,000 after buying an additional 3,195 shares during the last quarter. Bridgeway Capital Management Inc. bought a new stake in shares of The Providence Service during the 3rd quarter worth $848,000. Finally, Bessemer Group Inc. lifted its position in shares of The Providence Service by 18.4% during the 3rd quarter. Bessemer Group Inc. now owns 13,540 shares of the company’s stock worth $911,000 after buying an additional 2,100 shares during the last quarter. 98.37% of the stock is currently owned by institutional investors.
Shares of PRSC opened at $65.96 on Monday. The Providence Service Co. has a 1 year low of $54.02 and a 1 year high of $83.90. The stock has a market cap of $844.90 million, a PE ratio of 32.18 and a beta of 0.89.
Several analysts recently weighed in on PRSC shares. ValuEngine downgraded The Providence Service from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. BidaskClub upgraded The Providence Service from a “sell” rating to a “hold” rating in a research report on Thursday.
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.
Further Reading: Quiet Period
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