Stock of the Day: Could The Providence Service Corporation See a Reversal After Breaking Its 1 Year Low?

Stock of the Day: Could The Providence Service Corporation See a Reversal After Breaking Its 1 Year Low?

The stock of The Providence Service Corporation (NASDAQ:PRSC) hit a new 52-week low and has $33.85 target or 8.00% below today’s $36.79 share price. The 6 months bearish chart indicates high risk for the $514.36 million company. The 1-year low was reported on Nov, 23 by Barchart.com. If the $33.85 price target is reached, the company will be worth $41.15 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 32,497 shares traded hands. The Providence Service Corporation (NASDAQ:PRSC) has declined 26.57% since April 21, 2016 and is downtrending. It has underperformed by 31.90% the S&P500.

Analysts await The Providence Service Corporation (NASDAQ:PRSC) to report earnings on March, 9. They expect $0.52 EPS, up 8.33% or $0.04 from last year’s $0.48 per share. PRSC’s profit will be $7.27 million for 17.69 P/E if the $0.52 EPS becomes a reality. After $0.35 actual EPS reported by The Providence Service Corporation for the previous quarter, Wall Street now forecasts 48.57% EPS growth.

The Providence Service Corporation (NASDAQ:PRSC) Ratings Coverage

Out of 2 analysts covering The Providence Service Corporation (NASDAQ:PRSC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. The Providence Service Corporation has been the topic of 5 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Barrington Research maintained The Providence Service Corporation (NASDAQ:PRSC) rating on Monday, August 10. Barrington Research has “Outperform” rating and $61 price target. The firm has “Market Outperform” rating by Avondale given on Wednesday, November 2. The stock of The Providence Service Corporation (NASDAQ:PRSC) has “Mkt Perform” rating given on Tuesday, October 11 by Avondale. The stock of The Providence Service Corporation (NASDAQ:PRSC) has “Mkt Perform” rating given on Thursday, November 10 by Avondale. The firm has “Outperform” rating by Barrington Research given on Tuesday, September 22.

According to Zacks Investment Research, “Providence Service Corporation provides human services and non-emergency transportation (NET) management services to children, adolescents, young adults, and families. The Company focuses on providing its social services in the client’s home or in community-based settings. It provides its NET management services through local transportation providers. The company’s services are reimbursed by government programs such as welfare, juvenile justice, Medicaid or corrections. Providence Service Corporation is based in Tucson, Arizona.”

Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.08, from 1.21 in 2016Q1. The ratio is positive, as 10 funds sold all The Providence Service Corporation shares owned while 38 reduced positions. 22 funds bought stakes while 36 increased positions. They now own 14.03 million shares or 2.51% less from 14.39 million shares in 2016Q1.
Blackrock Inc holds 1,071 shares or 0% of its portfolio. Picton Mahoney Asset Mngmt accumulated 2,100 shares or 0.01% of the stock. Coliseum Capital Mngmt Ltd Liability Co holds 36.86% of its portfolio in The Providence Service Corporation (NASDAQ:PRSC) for 1.97M shares. Geode Capital Management Limited has 0% invested in the company for 89,361 shares. The Massachusetts-based Par Capital Incorporated has invested 0.11% in The Providence Service Corporation (NASDAQ:PRSC). Alpine Woods Cap Ltd Liability Co has invested 0.01% of its portfolio in The Providence Service Corporation (NASDAQ:PRSC). Moreover, Wealthtrust has 0% invested in The Providence Service Corporation (NASDAQ:PRSC) for 50 shares. Schwab Charles Invest Management, a California-based fund reported 51,148 shares. Moreover, Metropolitan Life Insur Ny has 0% invested in The Providence Service Corporation (NASDAQ:PRSC) for 10,095 shares. Kcg owns 5,982 shares or 0.01% of their US portfolio. The New York-based Bank & Trust Of New York Mellon has invested 0% in The Providence Service Corporation (NASDAQ:PRSC). Neumeier Poma Invest Counsel Ltd accumulated 1.48% or 208,950 shares. Alliancebernstein Ltd Partnership has 15,423 shares for 0% of their US portfolio. Credit Suisse Ag holds 24,154 shares or 0% of its portfolio. State Of Tennessee Treasury Department holds 10,549 shares or 0% of its portfolio.

Insider Transactions: Since September 2, 2016, the stock had 4 insider purchases, and 0 insider sales for $433,527 net activity. 2,500 shares were bought by LINDSTROM JAMES M, worth $116,525. Another trade for 4,225 shares valued at $199,800 was made by COULTER DAVID A on Friday, September 16. $93,700 worth of The Providence Service Corporation (NASDAQ:PRSC) was bought by Shackelton David Casey on Friday, September 2. The insider Umscheid Matthew bought 500 shares worth $23,502.

More notable recent The Providence Service Corporation (NASDAQ:PRSC) news were published by: Globenewswire.com which released: “Providence Service Corporation and Frazier Healthcare Partners Announce …” on August 29, 2016, also Prnewswire.com with their article: “Providence Service Corporation Appoints James M. Lindstrom as Chief Executive …” published on August 06, 2015, Prnewswire.com published: “Providence Service Corporation Names Matthew K. Umscheid Senior Vice President …” on November 02, 2015. More interesting news about The Providence Service Corporation (NASDAQ:PRSC) were released by: Prnewswire.com and their article: “Providence Service Corporation Completes Sale of Providence Human Services and …” published on November 02, 2015 as well as Prnewswire.com‘s news article titled: “Providence Service Corporation Appoints David Shackelton as Chief Financial …” with publication date: October 01, 2015.

PRSC Company Profile

The Providence Service Corporation (Providence), incorporated on December 20, 1996, is a holding company. The Company, through its subsidiaries, provides critical healthcare and workforce development services. The Firm operates in over two industry sectors, including the United States healthcare and global workforce development, through its three operating divisions: Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Health Assessment Services (HA Services). The NET Services segment coordinates non-emergency transportation for individuals whose limited mobility and/or financial resources would otherwise hinder them from accessing necessary healthcare and social services. The WD Services segment primarily provides employability and offender rehabilitation services to eligible participants of government sponsored programs. The HA Services segment provides care optimization and delivery solutions, including comprehensive health assessments (CHAs) for health plans, as well as in-home care management offerings. The Firm operates in over 44 states and the District of Columbia in the United States, and in approximately 11 countries outside of the United States.

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