Jupiter Asset Management Ltd. Raises Position in Civitas Solutions Inc (CIVI)
Jupiter Asset Management Ltd. raised its stake in shares of Civitas Solutions Inc (NYSE:CIVI) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295,445 shares of the company’s stock after buying an additional 1,350 shares during the period. Jupiter Asset Management Ltd. owned 0.79% of Civitas Solutions worth $5,421,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of CIVI. Stadium Capital Management LLC raised its position in shares of Civitas Solutions by 433.2% in the fourth quarter. Stadium Capital Management LLC now owns 1,579,513 shares of the company’s stock valued at $31,432,000 after buying an additional 1,283,301 shares during the last quarter. FMR LLC raised its position in Civitas Solutions by 12.9% in the fourth quarter. FMR LLC now owns 5,423,111 shares of the company’s stock valued at $107,919,000 after buying an additional 620,377 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in Civitas Solutions during the third quarter valued at about $4,406,000. Two Sigma Investments LP purchased a new position in Civitas Solutions during the fourth quarter valued at about $2,187,000. Finally, Renaissance Technologies LLC purchased a new position in Civitas Solutions during the fourth quarter valued at about $870,000. 87.94% of the stock is currently owned by institutional investors.
Civitas Solutions Inc (NYSE:CIVI) traded down 1.83% during trading on Wednesday, reaching $16.10. 25,154 shares of the company’s stock traded hands. The company has a market cap of $600.74 million, a PE ratio of 35.08 and a beta of 0.49. The company has a 50 day moving average price of $17.49 and a 200-day moving average price of $18.17. Civitas Solutions Inc has a 12-month low of $15.87 and a 12-month high of $23.20.
Civitas Solutions (NYSE:CIVI) last announced its quarterly earnings data on Wednesday, May 10th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Civitas Solutions had a net margin of 1.33% and a return on equity of 18.37%. The firm had revenue of $362.40 million during the quarter, compared to analyst estimates of $368.83 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. Civitas Solutions’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities research analysts forecast that Civitas Solutions Inc will post $0.71 EPS for the current fiscal year.
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Several equities analysts have issued reports on CIVI shares. Zacks Investment Research lowered shares of Civitas Solutions from a “hold” rating to a “sell” rating in a report on Monday, March 13th. Canaccord Genuity reaffirmed a “buy” rating and issued a $26.00 price target on shares of Civitas Solutions in a report on Friday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Civitas Solutions presently has a consensus rating of “Hold” and a consensus price target of $23.33.
In other news, CFO Denis M. Holler sold 1,900 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $18.64, for a total value of $35,416.00. Following the sale, the chief financial officer now directly owns 346,544 shares in the company, valued at approximately $6,459,580.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Denis M. Holler sold 25,000 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $18.17, for a total transaction of $454,250.00. Following the completion of the sale, the chief financial officer now owns 366,952 shares in the company, valued at $6,667,517.84. The disclosure for this sale can be found here. Insiders sold a total of 60,000 shares of company stock worth $1,109,247 over the last 90 days. Company insiders own 5.30% of the company’s stock.
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 operates through two segments: Human Services and Post-Acute Specialty Rehabilitation Services (SRS).
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