Systematic Financial Management LP raised its position in shares of The Providence Service Co. (NASDAQ:PRSC) by 4.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,720 shares of the company’s stock after acquiring an additional 850 shares during the period. Systematic Financial Management LP owned approximately 0.15% of The Providence Service worth $1,327,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in shares of The Providence Service by 2.7% during the first quarter. Principal Financial Group Inc. now owns 88,494 shares of the company’s stock worth $6,118,000 after purchasing an additional 2,302 shares during the period. Boston Advisors LLC acquired a new position in shares of The Providence Service during the second quarter worth $1,304,000. Hartford Investment Management Co. acquired a new position in shares of The Providence Service during the second quarter worth $201,000. Acadian Asset Management LLC lifted its holdings in shares of The Providence Service by 54.8% during the second quarter. Acadian Asset Management LLC now owns 53,125 shares of the company’s stock worth $4,173,000 after purchasing an additional 18,805 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of The Providence Service by 57.3% during the second quarter. Bessemer Group Inc. now owns 11,440 shares of the company’s stock worth $899,000 after purchasing an additional 4,165 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

A number of equities analysts have recently commented on PRSC shares. ValuEngine lowered shares of The Providence Service from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. BidaskClub lowered shares of The Providence Service from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th.

Shares of NASDAQ:PRSC opened at $67.52 on Wednesday. The firm has a market cap of $859.25 million, a PE ratio of 32.72 and a beta of 0.61. The Providence Service Co. has a 52 week low of $55.69 and a 52 week high of $83.90.

The Providence Service (NASDAQ:PRSC) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.30. The company had revenue of $421.32 million for the quarter, compared to analyst estimates of $404.90 million. The Providence Service had a net margin of 1.80% and a return on equity of 8.71%. The Providence Service’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 earnings per share.

WARNING: “Systematic Financial Management LP Has $1.33 Million Holdings in The Providence Service Co. (PRSC)” was first posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.dailypolitical.com/2018/11/21/systematic-financial-management-lp-has-1-33-million-holdings-in-the-providence-service-co-prsc.html.

The Providence Service Profile

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.

Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers

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

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