The Providence Service Co. (NASDAQ:PRSC) Short Interest Update

Share on StockTwits

The Providence Service Co. (NASDAQ:PRSC) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 202,400 shares, a decline of 21.2% from the June 30th total of 257,000 shares. Based on an average daily volume of 60,900 shares, the short-interest ratio is presently 3.3 days. Approximately 1.6% of the shares of the company are short sold.

A number of large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC purchased a new stake in shares of The Providence Service in the 1st quarter valued at $27,000. Quantamental Technologies LLC purchased a new stake in shares of The Providence Service in the 2nd quarter valued at $36,000. Bank of Montreal Can boosted its holdings in shares of The Providence Service by 83.4% in the 2nd quarter. Bank of Montreal Can now owns 2,153 shares of the company’s stock valued at $123,000 after acquiring an additional 979 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of The Providence Service by 717.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,322 shares of the company’s stock valued at $155,000 after acquiring an additional 2,038 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of The Providence Service in the 4th quarter valued at $191,000. 96.79% of the stock is currently owned by institutional investors.

NASDAQ:PRSC traded down $0.01 during trading hours on Tuesday, hitting $56.65. 54,612 shares of the company were exchanged, compared to its average volume of 62,598. The stock has a market cap of $707.79 million, a PE ratio of 25.53 and a beta of 0.78. The Providence Service has a 52-week low of $46.53 and a 52-week high of $75.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.47 and a quick ratio of 1.40. The company’s 50 day moving average is $55.66.

The Providence Service (NASDAQ:PRSC) last released its earnings results on Wednesday, August 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.13). The company had revenue of $363.91 million for the quarter, compared to analysts’ expectations of $364.40 million. The Providence Service had a positive return on equity of 9.33% and a negative net margin of 1.14%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 EPS.

Several analysts have weighed in on the stock. BidaskClub raised shares of The Providence Service from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. TheStreet downgraded shares of The Providence Service from a “b-” rating to a “c+” rating in a research report on Friday, June 28th.

The Providence Service Company Profile

The Providence Service Corporation provides healthcare services in the United States. It operates through Non-Emergency Transportation Services (NET Services) and Matrix Investment segments. 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.

Featured Article: What type of investment options does a Roth IRA provide?

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.