Shares of Civitas Solutions Inc. (NYSE:CIVI) have been assigned a consensus rating of “Buy” from the eight analysts that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $30.00.
A number of equities analysts have recently weighed in on CIVI shares. Citigroup Inc. lowered Civitas Solutions to a “market perform” rating in a research note on Thursday, August 11th. Zacks Investment Research lowered Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th. Finally, Raymond James Financial Inc. lowered Civitas Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 11th.
Civitas Solutions (NYSE:CIVI) traded up 0.22% during trading on Tuesday, reaching $17.90. The company’s stock had a trading volume of 23,537 shares. The stock has a market cap of $664.64 million, a P/E ratio of 61.51 and a beta of 0.45. Civitas Solutions has a 1-year low of $15.19 and a 1-year high of $30.23. The company’s 50 day moving average price is $18.16 and its 200-day moving average price is $19.64.
Civitas Solutions (NYSE:CIVI) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 analyst estimates of $357.48 million. During the same period in the previous year, the business earned $0.04 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts forecast that Civitas Solutions will post $0.36 earnings per share for the current fiscal year.
In other Civitas Solutions news, CFO Denis M. Holler sold 5,000 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $23.04, for a total transaction of $115,200.00. Following the transaction, the chief financial officer now owns 363,261 shares in the company, valued at approximately $8,369,533.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Dwight D. Robson sold 4,154 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $23.03, for a total value of $95,666.62. Following the transaction, the insider now owns 162,957 shares in the company, valued at approximately $3,752,899.71. The disclosure for this sale can be found here. Company insiders own 7.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. BlackRock Group LTD raised its position in Civitas Solutions by 77.7% in the second quarter. BlackRock Group LTD now owns 6,289 shares of the company’s stock worth $131,000 after buying an additional 2,750 shares during the period. BlackRock Advisors LLC increased its stake in shares of Civitas Solutions by 9.9% in the second quarter. BlackRock Advisors LLC now owns 7,502 shares of the company’s stock worth $156,000 after buying an additional 677 shares in the last quarter. American International Group Inc. increased its stake in shares of Civitas Solutions by 26.9% in the second quarter. American International Group Inc. now owns 8,692 shares of the company’s stock worth $181,000 after buying an additional 1,840 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Civitas Solutions by 32.4% in the second quarter. Nationwide Fund Advisors now owns 9,893 shares of the company’s stock worth $206,000 after buying an additional 2,419 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new stake in shares of Civitas Solutions during the second quarter worth $209,000. Hedge funds and other institutional investors own 94.58% 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’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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