Civitas Solutions, Inc. (CIVI) Insider Sells $38,460.00 in Stock
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.
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).
Receive News & Stock Ratings for Civitas Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civitas Solutions Inc. and related stocks with our FREE daily email newsletter.