Zacks Investment Research lowered shares of Civitas Solutions Inc. (NYSE:CIVI) from a hold rating to a sell rating in a report published on Friday.

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 analysts have also recently commented on CIVI. Citigroup Inc. cut shares of Civitas Solutions to a market perform rating in a report on Thursday, August 11th. Raymond James Financial Inc. cut shares of Civitas Solutions from an outperform rating to a market perform rating in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $28.00.

Civitas Solutions (NYSE:CIVI) traded down 2.05% during trading on Friday, reaching $19.15. 10,641 shares of the company traded hands. The company’s 50-day moving average price is $18.21 and its 200 day moving average price is $19.68. Civitas Solutions has a 52 week low of $15.19 and a 52 week high of $30.23. The firm has a market capitalization of $711.06 million, a price-to-earnings ratio of 65.81 and a beta of 0.50.

Several institutional investors have recently bought and sold shares of the company. TimesSquare Capital Management LLC raised its position in Civitas Solutions by 6.0% in the third quarter. TimesSquare Capital Management LLC now owns 2,133,855 shares of the company’s stock valued at $38,964,000 after buying an additional 121,000 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Civitas Solutions by 7.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,631,925 shares of the company’s stock valued at $33,993,000 after buying an additional 110,400 shares in the last quarter. Cortina Asset Management LLC raised its position in Civitas Solutions by 41.8% in the second quarter. Cortina Asset Management LLC now owns 903,587 shares of the company’s stock valued at $18,822,000 after buying an additional 266,217 shares in the last quarter. Vanguard Group Inc. raised its position in Civitas Solutions by 2.6% in the second quarter. Vanguard Group Inc. now owns 634,952 shares of the company’s stock valued at $13,226,000 after buying an additional 16,037 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in Civitas Solutions by 6.7% in the third quarter. BlackRock Fund Advisors now owns 420,909 shares of the company’s stock valued at $7,686,000 after buying an additional 26,347 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

About Civitas Solutions

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.

5 Day Chart for NYSE:CIVI

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