Shares of The Providence Service Corp. (NASDAQ:PRSC) rose 1.6% during trading on Tuesday . The company traded as high as $48.47 and last traded at $48.23, with a volume of 66,569 shares traded. The stock had previously closed at $47.49.

Separately, Zacks Investment Research upgraded shares of The Providence Service Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th.

The stock has a 50-day moving average price of $47.25 and a 200-day moving average price of $47.69. The firm has a market capitalization of $717.89 million and a P/E ratio of 11.79.

The Providence Service Corp. (NASDAQ:PRSC) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.08. The business had revenue of $432.65 million for the quarter, compared to analysts’ expectations of $435.22 million. During the same quarter last year, the company earned $0.77 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities research analysts predict that The Providence Service Corp. will post $2.83 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Russell Frank Co raised its stake in The Providence Service Corp. by 129.1% in the fourth quarter. Russell Frank Co now owns 50,400 shares of the company’s stock worth $2,388,000 after buying an additional 28,400 shares during the last quarter. California State Teachers Retirement System raised its stake in The Providence Service Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 25,376 shares of the company’s stock worth $1,191,000 after buying an additional 400 shares during the last quarter. California Public Employees Retirement System raised its stake in The Providence Service Corp. by 8.6% in the fourth quarter. California Public Employees Retirement System now owns 68,200 shares of the company’s stock worth $3,200,000 after buying an additional 5,400 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new stake in The Providence Service Corp. during the fourth quarter worth $6,731,000.

The Providence Service Corporation is a holding company. The Company, through its subsidiaries, provides critical healthcare and workforce development services. It operates in over two industry sectors, including the United States healthcare and global workforce development, through its three operating segments: Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Health Assessment Services (HA Services).

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