TheStreet upgraded shares of The Providence Service (NASDAQ:PRSC) from a c+ rating to a b- rating in a research report report published on Monday, TheStreetRatingsTable reports.
Separately, BidaskClub upgraded shares of The Providence Service from a hold rating to a buy rating in a research note on Saturday, November 9th.
Shares of PRSC traded down $2.68 during trading hours on Monday, reaching $61.85. 3,722 shares of the stock traded hands, compared to its average volume of 71,981. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. The Providence Service has a 52-week low of $46.53 and a 52-week high of $74.73. The company’s 50-day moving average price is $61.86 and its two-hundred day moving average price is $60.64. The company has a market cap of $894.52 million, a P/E ratio of 29.75 and a beta of 0.78.
In related news, CFO Kevin M. Dotts purchased 864 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were acquired at an average price of $57.80 per share, for a total transaction of $49,939.20. Following the purchase, the chief financial officer now directly owns 864 shares in the company, valued at $49,939.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO R Carter Pate sold 1,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $69.67, for a total transaction of $69,670.00. Following the completion of the sale, the chief executive officer now owns 23,317 shares in the company, valued at approximately $1,624,495.39. The disclosure for this sale can be found here. 11.62% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. Quantamental Technologies LLC purchased a new position in shares of The Providence Service in the second quarter worth about $36,000. Bank of Montreal Can lifted its stake in shares of The Providence Service by 83.4% in the second quarter. Bank of Montreal Can now owns 2,153 shares of the company’s stock worth $123,000 after buying an additional 979 shares in the last quarter. Mason Street Advisors LLC lifted its stake in shares of The Providence Service by 5.9% in the third quarter. Mason Street Advisors LLC now owns 3,921 shares of the company’s stock worth $233,000 after buying an additional 219 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of The Providence Service by 4.9% in the third quarter. Louisiana State Employees Retirement System now owns 4,300 shares of the company’s stock worth $256,000 after buying an additional 200 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of The Providence Service in the second quarter worth about $257,000.
About The Providence Service
The Providence Service Corporation provides healthcare services in the United States. It operates through Non-Emergency Transportation Services (NET Services) and Matrix Investment segments. 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.
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