According to Zacks, “Civitas Solutions, Inc. is a national network of local health and human services. It operates as a provider of an array of community-based services to adults and children with intellectual and developmental disabilities, brain and spinal cord injuries and other catastrophic injuries and illnesses, and to youth with emotional, behavioral and medically complex challenges, as well as their families. The Company serves governmental agencies, non-public payors, and not-for-profit organizations. Civitas Solutions, Inc. is based in Boston, Massachusetts. “
CIVI has been the topic of several other reports. Raymond James Financial Inc. downgraded Civitas Solutions from an outperform rating to a market perform rating in a research report on Thursday, August 11th. Citigroup Inc. downgraded Civitas Solutions to a market perform rating in a research report on Thursday, August 11th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $28.14.
Shares of Civitas Solutions (NYSE:CIVI) opened at 18.53 on Tuesday. The company has a market capitalization of $688.04 million, a PE ratio of 63.68 and a beta of 0.45. Civitas Solutions has a 52 week low of $15.19 and a 52 week high of $30.23. The company’s 50 day moving average is $18.14 and its 200-day moving average is $19.61.
Civitas Solutions (NYSE:CIVI) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.07. The business earned $354 million during the quarter, compared to the consensus estimate of $357.48 million. Civitas Solutions had a return on equity of 10.98% and a net margin of 0.77%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 earnings per share. On average, analysts expect that Civitas Solutions will post $0.36 EPS for the current fiscal year.
In other Civitas Solutions news, insider Kathleen P. Federico sold 1,500 shares of the company’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $23.03, for a total value of $34,545.00. Following the sale, the insider now directly owns 167,595 shares in the company, valued at $3,859,712.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Denis M. Holler sold 5,000 shares of the company’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $23.04, for a total value of $115,200.00. Following the completion of the sale, the chief financial officer now owns 363,261 shares in the company, valued at $8,369,533.44. The disclosure for this sale can be found here. Insiders own 7.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC boosted its stake in shares of Civitas Solutions by 42.4% in the second quarter. Sterling Capital Management LLC now owns 72,985 shares of the company’s stock worth $1,520,000 after buying an additional 21,719 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Civitas Solutions by 11.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 68,010 shares of the company’s stock worth $1,417,000 after buying an additional 7,198 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Civitas Solutions by 10.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,292 shares of the company’s stock worth $214,000 after buying an additional 995 shares during the period. AQR Capital Management LLC boosted its stake in shares of Civitas Solutions by 1.6% in the second quarter. AQR Capital Management LLC now owns 14,250 shares of the company’s stock worth $297,000 after buying an additional 218 shares during the period. Finally, A.R.T. Advisors LLC bought 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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