The Providence Service Corporation (PRSC): Here’s How It Compares to its Peers

Due to the fact that The Providence Service Corporation (NASDAQ:PRSC) has weathered falling interest from the smart money, it’s easy to see that there was a specific group of hedgies who sold off their full holdings last quarter. At the top of the heap, Amy Minella’s Cardinal Capital dumped the biggest position of all the investors monitored by Insider Monkey, worth about $20.2 million in stock. Glenn Russell Dubin’s fund, Highbridge Capital Management, also said goodbye to its stock, about $0.5 million worth.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as The Providence Service Corporation (NASDAQ:PRSC) but similarly valued. We will take a look at A10 Networks Inc (NYSE:ATEN), Ehi Car Services Ltd (ADR) (NYSE:EHIC), Photronics, Inc. (NASDAQ:PLAB), and US Concrete Inc (NASDAQ:USCR). This group of stocks’ market caps match PRSC’s market cap.

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $99 million. That figure was $159 million in PRSC’s case. US Concrete Inc (NASDAQ:USCR) is the most popular stock in this table. On the other hand Ehi Car Services Ltd (ADR) (NYSE:EHIC) is the least popular one with only 5 bullish hedge fund positions. The Providence Service Corporation (NASDAQ:PRSC) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard USCR might be a better candidate to consider taking a long position in.

Disclosure: None