What Next for The Providence Service Corporation (PRSC) Stock After Making 52-Week High?

April 17, 2018 - By Maria Brooks

Investors sentiment increased to 1.78 in Q4 2017. Its up 0.98, from 0.8 in 2017Q3. It is positive, 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.
Highbridge Capital Mngmt Lc stated it has 0% in The Providence Service Corporation (NASDAQ:PRSC). Prudential Financial Inc has invested 0.01% in The Providence Service Corporation (NASDAQ:PRSC). Invesco Ltd owns 0% invested in The Providence Service Corporation (NASDAQ:PRSC) for 87,050 shares. Arrowstreet Partnership stated it has 40,418 shares or 0.01% of all its holdings. 44,727 are owned by Sei Invs. The New York-based State Bank Of Ny Mellon Corporation has invested 0% in The Providence Service Corporation (NASDAQ:PRSC). State Street Corporation has 309,161 shares. Sector Pension Invest Board reported 7,163 shares. Moreover, Tiaa Cref Investment Mngmt Limited Liability Co has 0% invested in The Providence Service Corporation (NASDAQ:PRSC). Pdt Prtnrs holds 0.01% or 8,193 shares in its portfolio. Systematic Financial Mngmt Ltd Partnership reported 24,285 shares. Schwab Charles Inv Mgmt Inc reported 0% stake. State Of Alaska Department Of Revenue accumulated 2,225 shares or 0% of the stock. 98,800 were reported by Fmr Ltd Com. Us Fincl Bank De holds 88 shares or 0% of its portfolio.

Since December 8, 2017, it had 0 insider buys, and 6 insider sales for $22.43 million activity. 667 shares were sold by KERLEY RICHARD A, worth $47,284 on Tuesday, March 13. The insider MEINTS KRISTI sold 7,165 shares worth $416,584. 314,605 shares were sold by Coliseum Capital Management – LLC, worth $17.64M.

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 earnings per share, 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 earnings per share 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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