California State Teachers Retirement System boosted its stake in shares of Civitas Solutions Inc. (NYSE:CIVI) by 27.7% during the second quarter, Holdings Channel reports. The firm owned 31,661 shares of the company’s stock after buying an additional 6,868 shares during the period. California State Teachers Retirement System owned 0.09% of Civitas Solutions worth $659,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in CIVI. Ngam Advisors L.P. increased its stake in shares of Civitas Solutions by 7.2% in the first quarter. Ngam Advisors L.P. now owns 149,139 shares of the company’s stock valued at $2,599,000 after buying an additional 9,983 shares during the period. JPMorgan Chase & Co. increased its position in Civitas Solutions by 31,000.9% in the first quarter. JPMorgan Chase & Co. now owns 101,700 shares of the company’s stock worth $1,773,000 after buying an additional 101,373 shares during the period. TimesSquare Capital Management LLC increased its position in Civitas Solutions by 17.8% in the first quarter. TimesSquare Capital Management LLC now owns 1,914,505 shares of the company’s stock worth $33,370,000 after buying an additional 288,705 shares during the period. Royce & Associates LP increased its position in Civitas Solutions by 24.8% in the first quarter. Royce & Associates LP now owns 26,200 shares of the company’s stock worth $457,000 after buying an additional 5,200 shares during the period. Finally, Spark Investment Management LLC bought a new position in Civitas Solutions during the first quarter worth $317,000. 94.58% of the stock is currently owned by institutional investors.
Shares of Civitas Solutions Inc. (NYSE:CIVI) traded up 0.17% during midday trading on Tuesday, reaching $18.03. 37,801 shares of the company were exchanged. The company has a market capitalization of $669.47 million, a P/E ratio of 61.96 and a beta of 0.45. Civitas Solutions Inc. has a 52-week low of $15.19 and a 52-week high of $30.23. The stock has a 50-day moving average price of $18.21 and a 200 day moving average price of $19.59.
Civitas Solutions (NYSE:CIVI) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by $0.07. Civitas Solutions had a net margin of 0.77% and a return on equity of 10.98%. The business earned $354 million during the quarter, compared to the consensus estimate of $357.48 million. During the same period in the previous year, the business posted $0.04 earnings per share. Civitas Solutions’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts expect that Civitas Solutions Inc. will post $0.36 EPS for the current fiscal year.
A number of research firms have recently weighed in on CIVI. Citigroup Inc. downgraded shares of Civitas Solutions to a “market perform” rating in a research note on Thursday, August 11th. Zacks Investment Research downgraded shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th. Finally, Raymond James Financial Inc. downgraded shares of Civitas Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Civitas Solutions has a consensus rating of “Buy” and an average target price of $28.14.
In other news, CFO Denis M. Holler sold 5,000 shares of Civitas Solutions stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $23.04, for a total transaction of $115,200.00. Following the transaction, the chief financial officer now directly owns 363,261 shares of the company’s stock, valued at $8,369,533.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kathleen P. Federico sold 1,500 shares of Civitas Solutions stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $23.03, for a total transaction of $34,545.00. Following the transaction, the insider now directly owns 167,595 shares in the company, valued at $3,859,712.85. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by company insiders.
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’s clinicians and caregivers develop customized service plans, delivered in non-institutional settings, designed to address a range of often life-long conditions.
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