Civitas Solutions, Inc. (NYSE:CIVI) insider Gerald J. Jr. Morrissey sold 2,000 shares of Civitas Solutions stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $19.23, for a total value of $38,460.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Civitas Solutions, Inc. (NYSE CIVI) traded down 3.82% during midday trading on Wednesday, reaching $18.90. 60,600 shares of the company’s stock traded hands. Civitas Solutions, Inc. has a 12 month low of $15.40 and a 12 month high of $20.98. The stock has a 50-day moving average price of $18.64 and a 200 day moving average price of $17.79. The firm has a market cap of $706.14 million, a PE ratio of 36.35 and a beta of 0.41.

Civitas Solutions (NYSE:CIVI) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. Civitas Solutions had a net margin of 1.35% and a return on equity of 17.01%. The business had revenue of $377.80 million during the quarter, compared to the consensus estimate of $376.51 million. During the same period in the prior year, the firm posted $0.13 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts predict that Civitas Solutions, Inc. will post $0.69 earnings per share for the current year.

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Several institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. grew its position in shares of Civitas Solutions by 0.4% during the 2nd quarter. Citigroup Inc. now owns 17,022 shares of the company’s stock valued at $298,000 after acquiring an additional 74 shares during the period. Teachers Advisors LLC grew its position in shares of Civitas Solutions by 1.2% during the 4th quarter. Teachers Advisors LLC now owns 23,422 shares of the company’s stock valued at $466,000 after acquiring an additional 270 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Civitas Solutions by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 77,484 shares of the company’s stock valued at $1,356,000 after acquiring an additional 380 shares during the period. Alliancebernstein L.P. grew its position in shares of Civitas Solutions by 3.1% during the 1st quarter. Alliancebernstein L.P. now owns 16,750 shares of the company’s stock valued at $307,000 after acquiring an additional 500 shares during the period. Finally, American International Group Inc. grew its position in shares of Civitas Solutions by 7.1% during the 1st quarter. American International Group Inc. now owns 9,298 shares of the company’s stock valued at $171,000 after acquiring an additional 617 shares during the period. 93.97% of the stock is owned by hedge funds and other institutional investors.

CIVI has been the subject of a number of research analyst reports. BidaskClub cut Civitas Solutions from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Zacks Investment Research upgraded Civitas Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One equities 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. The company currently has an average rating of “Hold” and a consensus price target of $24.67.

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).

Insider Buying and Selling by Quarter for Civitas Solutions (NYSE:CIVI)

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