Neumeier Poma Investment Counsel LLC decreased its position in shares of The Providence Service Corporation (NASDAQ:PRSC) by 19.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 219,970 shares of the company’s stock after selling 52,625 shares during the period. Neumeier Poma Investment Counsel LLC owned 1.63% of The Providence Service Corporation worth $11,133,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in The Providence Service Corporation by 11.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,256 shares of the company’s stock worth $100,000 after acquiring an additional 231 shares during the period. State of Alaska Department of Revenue raised its stake in The Providence Service Corporation by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,385 shares of the company’s stock worth $120,000 after acquiring an additional 1,055 shares during the period. Mason Street Advisors LLC raised its stake in The Providence Service Corporation by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 2,849 shares of the company’s stock worth $127,000 after acquiring an additional 187 shares during the period. Globeflex Capital L P raised its stake in The Providence Service Corporation by 18,235.3% during the 1st quarter. Globeflex Capital L P now owns 3,117 shares of the company’s stock worth $139,000 after acquiring an additional 3,100 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its stake in The Providence Service Corporation by 3.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,870 shares of the company’s stock worth $145,000 after acquiring an additional 100 shares during the period. Institutional investors own 93.14% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “The Providence Service Corporation (PRSC) Holdings Reduced by Neumeier Poma Investment Counsel LLC” was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.dailypolitical.com/2017/09/17/the-providence-service-corporation-prsc-holdings-reduced-by-neumeier-poma-investment-counsel-llc.html.

Shares of The Providence Service Corporation (NASDAQ:PRSC) traded down 0.33% during midday trading on Friday, reaching $52.10. 151,419 shares of the company’s stock were exchanged. The company’s 50-day moving average is $51.27 and its 200-day moving average is $47.46. The Providence Service Corporation has a one year low of $34.89 and a one year high of $54.99. The stock has a market cap of $703.40 million, a P/E ratio of 10.85 and a beta of 0.99.

The Providence Service Corporation (NASDAQ:PRSC) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.10. The Providence Service Corporation had a return on equity of 6.94% and a net margin of 4.11%. The company had revenue of $407.98 million during the quarter, compared to the consensus estimate of $392.71 million. During the same period in the previous year, the company posted $0.43 earnings per share. The Providence Service Corporation’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts expect that The Providence Service Corporation will post $1.44 earnings per share for the current fiscal year.

A number of research firms have commented on PRSC. BidaskClub cut shares of The Providence Service Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Barrington Research raised their target price on shares of The Providence Service Corporation from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, August 10th. Finally, ValuEngine upgraded shares of The Providence Service Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $55.50.

About The Providence Service Corporation

The Providence Service Corporation (Providence) is a holding company. The Company, through its subsidiaries, is engaged in the provision of healthcare and workforce development services for public and private sector entities. The Company’s segments include Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Matrix Investment.

Institutional Ownership by Quarter for The Providence Service Corporation (NASDAQ:PRSC)

Receive News & Ratings for The Providence Service Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Providence Service Corporation and related companies with MarketBeat.com's FREE daily email newsletter.