Does The Providence Service Corporation (PRSC) Have More Gas After Achieving 52-Week High?

April 17, 2018 - By Kurt Siggers

Investors sentiment increased to 1.78 in 2017 Q4. Its up 0.98, from 0.8 in 2017Q3. It improved, as 9 investors sold The Providence Service Corporation shares while 37 reduced holdings. 29 funds opened positions while 53 raised stakes. 12.30 million shares or 2.51% less from 12.62 million shares in 2017Q3 were reported.
American Century holds 297,985 shares or 0.02% of its portfolio. Lord Abbett And Com Ltd owns 0.01% invested in The Providence Service Corporation (NASDAQ:PRSC) for 50,282 shares. Renaissance Technology Ltd Llc reported 0.07% stake. Citigroup Incorporated reported 29,612 shares. Art Advsrs Ltd Llc has invested 0.04% in The Providence Service Corporation (NASDAQ:PRSC). Manufacturers Life Insurance The holds 0% of its portfolio in The Providence Service Corporation (NASDAQ:PRSC) for 8,745 shares. 2,225 were reported by State Of Alaska Department Of Revenue. Guggenheim Ltd Liability Corporation holds 0.01% or 37,384 shares. Convergence Investment Prns Ltd Liability Corp stated it has 0.19% of its portfolio in The Providence Service Corporation (NASDAQ:PRSC). Qs Limited holds 197 shares or 0% of its portfolio. Us Bankshares De owns 0% invested in The Providence Service Corporation (NASDAQ:PRSC) for 88 shares. Pdt Prns Limited Company holds 0.01% or 8,193 shares. Aristotle Boston Ltd Company holds 0.88% or 204,274 shares. Secor Advsr Lp invested in 41,514 shares or 0.1% of the stock. Coliseum Mgmt Ltd has 1.65M shares.

Since December 8, 2017, it had 0 buys, and 6 insider sales for $22.43 million activity. MEINTS KRISTI also sold $685,700 worth of The Providence Service Corporation (NASDAQ:PRSC) shares. Shares for $17.64M were sold by Coliseum Capital Management – LLC. 667 shares were sold by KERLEY RICHARD A, worth $47,284.

The stock of The Providence Service Corporation (NASDAQ:PRSC) hit a new 52-week high and has $83.10 target or 9.00 % above today’s $76.24 share price. The 5 months bullish chart indicates low risk for the $980.95 million company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $83.10 price target is reached, the company will be worth $88.29M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.61% or $0.46 during the last trading session, reaching $76.24. About 19,902 shares traded. The Providence Service Corporation (NASDAQ:PRSC) has risen 56.58% since April 17, 2017 and is uptrending. It has outperformed by 45.03% the S&P500.

Analysts await The Providence Service Corporation (NASDAQ:PRSC) to report earnings on May, 8. They expect $0.42 EPS, up 20.00 % or $0.07 from last year’s $0.35 per share. PRSC’s profit will be $5.40M for 45.38 P/E if the $0.42 EPS becomes a reality. After $0.66 actual EPS reported by The Providence Service Corporation for the previous quarter, Wall Street now forecasts -36.36 % negative EPS growth.

The Providence Service Corporation, through its subsidiaries, provides critical healthcare and workforce development services for public and private sector entities in the United States and internationally. The company has market cap of $980.95 million. It operates through Non-Emergency Transportation Services and Workforce Development Services (WD Services) divisions. It has a 24.9 P/E ratio. 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.

The Providence Service Corporation (NASDAQ:PRSC) Institutional Positions Chart

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