Civitas Solutions Inc. (CIVI) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “Civitas Solutions, Inc. is a national network of local health and human services. It operates as a provider of an array of community-based services to adults and children with intellectual and developmental disabilities, brain and spinal cord injuries and other catastrophic injuries and illnesses, and to youth with emotional, behavioral and medically complex challenges, as well as their families. The Company serves governmental agencies, non-public payors, and not-for-profit organizations. Civitas Solutions, Inc. is based in Boston, Massachusetts. “
A number of other equities analysts also recently weighed in on the company. Raymond James Financial Inc. downgraded Civitas Solutions from an outperform rating to a market perform rating in a research report on Thursday, August 11th. Citigroup Inc. downgraded Civitas Solutions to a market perform rating in a research report on Thursday, August 11th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of $28.14.
Shares of Civitas Solutions (NYSE:CIVI) traded up 0.8323% during trading on Tuesday, reaching $18.1599. 1,727 shares of the company were exchanged. The stock has a market capitalization of $674.30 million, a price-to-earnings ratio of 62.4052 and a beta of 0.45. The company has a 50 day moving average price of $18.15 and a 200-day moving average price of $19.63. Civitas Solutions has a one year low of $15.19 and a one year high of $30.23.
Civitas Solutions (NYSE:CIVI) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by $0.07. Civitas Solutions had a return on equity of 10.98% and a net margin of 0.77%. The firm had revenue of $354 million for the quarter, compared to analyst estimates of $357.48 million. During the same period last year, the company earned $0.04 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. Equities analysts predict that Civitas Solutions will post $0.36 EPS for the current year.
In related news, CFO Denis M. Holler sold 5,000 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $23.04, for a total value of $115,200.00. Following the transaction, the chief financial officer now owns 363,261 shares in the company, valued at $8,369,533.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dwight D. Robson sold 4,154 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $23.03, for a total value of $95,666.62. Following the completion of the transaction, the insider now owns 162,957 shares in the company, valued at approximately $3,752,899.71. The disclosure for this sale can be found here. Company insiders own 7.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CIVI. BlackRock Group LTD boosted its position in shares of Civitas Solutions by 77.7% in the second quarter. BlackRock Group LTD now owns 6,289 shares of the company’s stock worth $131,000 after buying an additional 2,750 shares during the last quarter. BlackRock Advisors LLC boosted its position in shares of Civitas Solutions by 9.9% in the second quarter. BlackRock Advisors LLC now owns 7,502 shares of the company’s stock worth $156,000 after buying an additional 677 shares during the last quarter. American International Group Inc. boosted its position in shares of Civitas Solutions by 26.9% in the second quarter. American International Group Inc. now owns 8,692 shares of the company’s stock worth $181,000 after buying an additional 1,840 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Civitas Solutions by 32.4% in the second quarter. Nationwide Fund Advisors now owns 9,893 shares of the company’s stock worth $206,000 after buying an additional 2,419 shares during the last quarter. Finally, A.R.T. Advisors LLC bought a new position in shares of Civitas Solutions during the second quarter worth approximately $209,000. Institutional investors own 94.58% of the company’s stock.
Civitas Solutions Company Profile
Civitas Solutions, Inc is a provider of home and community-based health and human services to individuals with intellectual, developmental, physical or behavioral disabilities and other special needs. The Company’s clinicians and caregivers develop customized service plans, delivered in non-institutional settings, designed to address a range of often life-long conditions.
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