Civitas Solutions, Inc. (CIVI) Given Average Recommendation of “Hold” by Analysts

Shares of Civitas Solutions, Inc. (NYSE:CIVI) have earned a consensus rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $24.67.

CIVI has been the topic of a number of research reports. BidaskClub downgraded shares of Civitas Solutions from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Zacks Investment Research raised shares of Civitas Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th.

Civitas Solutions (NYSE:CIVI) traded down 1.89% during mid-day trading on Thursday, hitting $18.15. 42,860 shares of the stock traded hands. The company’s 50 day moving average price is $18.72 and its 200-day moving average price is $17.85. Civitas Solutions has a 1-year low of $15.40 and a 1-year high of $20.98. The stock has a market cap of $678.12 million, a price-to-earnings ratio of 34.90 and a beta of 0.42.

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

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In other Civitas Solutions news, CFO Denis M. Holler sold 4,600 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $19.63, for a total transaction of $90,298.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gerald J. Jr. Morrissey sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $19.23, for a total transaction of $38,460.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,220 shares of company stock worth $1,127,801. 5.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. bought a new stake in Civitas Solutions during the 1st quarter worth approximately $109,000. Bank of Montreal Can raised its stake in Civitas Solutions by 614.8% during the 2nd quarter. Bank of Montreal Can now owns 6,648 shares of the company’s stock worth $116,000 after acquiring an additional 5,718 shares during the period. American International Group Inc. raised its stake in Civitas Solutions by 7.1% during the 1st quarter. American International Group Inc. now owns 9,298 shares of the company’s stock worth $171,000 after acquiring an additional 617 shares during the period. Martingale Asset Management L P bought a new stake in Civitas Solutions during the 2nd quarter worth approximately $186,000. Finally, Parametric Portfolio Associates LLC bought a new stake in Civitas Solutions during the 2nd quarter worth approximately $211,000. Institutional investors own 93.97% of the company’s stock.

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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