Civitas Solutions, Inc. (NYSE:CIVI) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Monday.

Separately, Zacks Investment Research lowered Civitas Solutions from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $23.50.

Civitas Solutions (NYSE CIVI) opened at 18.20 on Monday. Civitas Solutions has a one year low of $15.40 and a one year high of $20.98. The firm has a market capitalization of $679.99 million, a P/E ratio of 35.00 and a beta of 0.45. The company’s 50-day moving average is $17.80 and its 200-day moving average is $17.66.

Civitas Solutions (NYSE:CIVI) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $377.80 million during the quarter, compared to analyst estimates of $376.51 million. Civitas Solutions had a return on equity of 17.01% and a net margin of 1.35%. Civitas Solutions’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS. Equities analysts forecast that Civitas Solutions will post $0.71 earnings per share for the current fiscal year.

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In related news, CFO Denis M. Holler sold 6,429 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $19.13, for a total value of $122,986.77. Following the completion of the sale, the chief financial officer now directly owns 311,078 shares of the company’s stock, valued at approximately $5,950,922.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Renzo Linda De sold 10,000 shares of the stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $18.83, for a total value of $188,300.00. Following the completion of the sale, the insider now directly owns 181,334 shares of the company’s stock, valued at $3,414,519.22. The disclosure for this sale can be found here. Insiders sold a total of 29,766 shares of company stock valued at $564,273 over the last three months. 5.30% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Citigroup Inc. raised its stake in shares of Civitas Solutions by 0.4% in the second quarter. Citigroup Inc. now owns 17,022 shares of the company’s stock valued at $298,000 after buying an additional 74 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Civitas Solutions by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 23,422 shares of the company’s stock valued at $466,000 after buying an additional 270 shares in the last quarter. Schwab Charles Investment Management Inc. raised 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 valued at $1,356,000 after buying an additional 380 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Civitas Solutions by 3.1% in the first quarter. Alliancebernstein L.P. now owns 16,750 shares of the company’s stock valued at $307,000 after buying an additional 500 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of Civitas Solutions by 7.1% in the first quarter. American International Group Inc. now owns 9,298 shares of the company’s stock valued at $171,000 after buying an additional 617 shares in the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

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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