The Providence Service (NASDAQ:PRSC) Reaches New 12-Month High at $73.50

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The Providence Service Co. (NASDAQ:PRSC)’s share price hit a new 52-week high on Friday . The stock traded as high as $73.50 and last traded at $73.50, with a volume of 5913 shares trading hands. The stock had previously closed at $69.77.

A number of research analysts have commented on the company. TheStreet raised The Providence Service from a “c” rating to a “b” rating in a report on Thursday, May 14th. BidaskClub raised The Providence Service from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 22nd.

The stock’s 50-day moving average price is $59.57 and its 200-day moving average price is $61.13. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $901.01 million, a P/E ratio of 36.53 and a beta of 0.73.

The Providence Service (NASDAQ:PRSC) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.30. The Providence Service had a net margin of 0.96% and a return on equity of 8.53%. The firm had revenue of $367.29 million for the quarter.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan boosted its position in The Providence Service by 4.8% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 3,500 shares of the company’s stock valued at $207,000 after purchasing an additional 160 shares during the period. Globeflex Capital L P lifted its stake in The Providence Service by 1.8% in the first quarter. Globeflex Capital L P now owns 13,780 shares of the company’s stock valued at $756,000 after buying an additional 242 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of The Providence Service by 0.9% during the first quarter. Legal & General Group Plc now owns 30,364 shares of the company’s stock valued at $1,666,000 after acquiring an additional 273 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of The Providence Service by 58.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 979 shares of the company’s stock worth $54,000 after acquiring an additional 362 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of The Providence Service by 1.0% in the 4th quarter. Bessemer Group Inc. now owns 38,500 shares of the company’s stock worth $2,279,000 after acquiring an additional 400 shares during the period.

About The Providence Service (NASDAQ:PRSC)

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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