Christopher Shackelton and Adam Gray’s Coliseum Capital Management (see Coliseum’s stock picks)has bought an additional 110,000 shares in The Providence Service Corporation (NASDAQ:PRSC) at prices roughly between $14.30 and $14.90. This gives the value and activist hedge fund over 2.3 million shares of the company’s stock. Providence Service is a $200 million market cap company providing specialized counseling, social services, and transportation for both healthcare providers and schoolchildren. Earnings were down 41% last quarter from a year ago despite rising revenue, and the stock trades at 24 times trailing earnings. Wall Street analysts expect the company to recover in 2013, and the forward P/E is only 13.