Eagle Boston Investment Management Inc Lowers stake in The Providence Service Corporation (PRSC)

The Providence Service Corporation (PRSC) : Eagle Boston Investment Management Inc reduced its stake in The Providence Service Corporation by 8.26% during the most recent quarter end. The investment management company now holds a total of 197,875 shares of The Providence Service Corporation which is valued at $9,406,978 after selling 17,822 shares in The Providence Service Corporation , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.The Providence Service Corporation makes up approximately 1.22% of Eagle Boston Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co added PRSC to its portfolio by purchasing 4,256 company shares during the most recent quarter which is valued at $202,330. The Providence Service Corporation makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Cutler Group Lp sold out all of its stake in PRSC during the most recent quarter. The investment firm sold 77 shares of PRSC which is valued $3,746. First Mercantile Trust Co sold out all of its stake in PRSC during the most recent quarter. The investment firm sold 1,250 shares of PRSC which is valued $60,513.Bnp Paribas Arbitrage Sa reduced its stake in PRSC by selling 2,086 shares or 54.44% in the most recent quarter. The Hedge Fund company now holds 1,746 shares of PRSC which is valued at $86,200.

The Providence Service Corporation closed down -1.11 points or -2.28% at $47.54 with 1,05,059 shares getting traded on Tuesday. Post opening the session at $48.41, the shares hit an intraday low of $47.3 and an intraday high of $48.41 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, The Providence Service Corporation reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.65. The company had revenue of $450.60 million for the quarter, compared to analysts expectations of $433.38 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on The Providence Service Corporation. The Providence Service Corporation was Initiated by Avondale to “Mkt Perform” on Oct 11, 2016.

The Providence Service Corporation (Providence) provides and manages Government sponsored non-emergency transportation (NET) services human services workforce development (WD) services and health assessment (HA) services. Providence operates through four segments: NET Services Human Services WD Services and HA Services. NET Services which operates under the Logisticare brand manages transportation networks and arrange for client transportation to healthcare related facilities and services for state or regional Medicaid agencies managed care organizations (MCOs) and commercial insurers. Providence’s human services segment works with clients who are eligible for Government assistance. The WD Services segment provides workforce development services that include resume and job interview skills networking and job placement services and technical job training. The HA Services segment provides comprehensive health assessments (CHAs) for Medicare Advantage (MA) health plans.

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