Civitas Solutions, Inc. (NYSE:CIVI) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $24.67.

Separately, Zacks Investment Research raised shares of Civitas Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th.

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In related news, CFO Denis M. Holler sold 22,679 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $18.72, for a total value of $424,550.88. Following the sale, the chief financial officer now directly owns 339,601 shares of the company’s stock, valued at $6,357,330.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Renzo Linda De sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $18.70, for a total transaction of $93,500.00. Following the completion of the sale, the insider now directly owns 196,334 shares in the company, valued at $3,671,445.80. The disclosure for this sale can be found here. Insiders sold 64,766 shares of company stock worth $1,219,271 over the last ninety days. 5.30% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers increased its stake in shares of Civitas Solutions by 7.1% in the second quarter. Rhumbline Advisers now owns 16,897 shares of the company’s stock worth $296,000 after buying an additional 1,115 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Civitas Solutions by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 77,484 shares of the company’s stock worth $1,356,000 after buying an additional 380 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Civitas Solutions by 614.8% in the second quarter. Bank of Montreal Can now owns 6,648 shares of the company’s stock worth $116,000 after buying an additional 5,718 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Civitas Solutions by 55.8% in the first quarter. Nuveen Asset Management LLC now owns 741,979 shares of the company’s stock worth $13,615,000 after buying an additional 265,884 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its stake in shares of Civitas Solutions by 2.3% in the first quarter. Driehaus Capital Management LLC now owns 57,150 shares of the company’s stock worth $1,049,000 after buying an additional 1,300 shares in the last quarter. 93.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of Civitas Solutions (CIVI) traded down 1.17% on Friday, hitting $16.90. 24,495 shares of the stock were exchanged. The company has a 50-day moving average price of $17.77 and a 200-day moving average price of $17.80. The firm has a market capitalization of $630.59 million, a PE ratio of 36.74 and a beta of 0.45. Civitas Solutions has a one year low of $15.40 and a one year high of $22.06.

Civitas Solutions (NYSE:CIVI) last announced its quarterly earnings results on Wednesday, May 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Civitas Solutions had a return on equity of 16.20% and a net margin of 1.19%. The firm had revenue of $362.40 million during the quarter, compared to analysts’ expectations of $368.83 million. During the same period in the previous year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities research analysts expect that Civitas Solutions will post $0.71 earnings per share for the current year.

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 operates through two segments: Human Services and Post-Acute Specialty Rehabilitation Services (SRS).

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