Civitas Solutions, Inc. (NYSE:CIVI) CFO Denis M. Holler sold 6,429 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $19.13, for a total value of $122,986.77. Following the sale, the chief financial officer now owns 311,078 shares in the company, valued at approximately $5,950,922.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Civitas Solutions, Inc. (NYSE:CIVI) traded down 0.30% during mid-day trading on Friday, reaching $16.85. The company’s stock had a trading volume of 11,062 shares. Civitas Solutions, Inc. has a 12 month low of $15.40 and a 12 month high of $22.06. The company has a 50 day moving average price of $17.77 and a 200 day moving average price of $17.80. The stock has a market capitalization of $628.72 million, a P/E ratio of 36.71 and a beta of 0.45.
Civitas Solutions (NYSE:CIVI) last released its earnings results on Wednesday, May 10th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Civitas Solutions had a return on equity of 16.20% and a net margin of 1.19%. The firm had revenue of $362.40 million for the quarter, compared to analyst estimates of $368.83 million. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $0.20 earnings per share. On average, equities research analysts anticipate that Civitas Solutions, Inc. will post $0.71 earnings per share for the current fiscal year.
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Several analysts have issued reports on CIVI shares. Zacks Investment Research upgraded Civitas Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub cut Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.50.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Driehaus Capital Management LLC boosted its position in shares of Civitas Solutions by 2.3% in the first quarter. Driehaus Capital Management LLC now owns 57,150 shares of the company’s stock worth $1,049,000 after buying an additional 1,300 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Civitas Solutions during the fourth quarter worth approximately $336,000. Jupiter Asset Management Ltd. boosted its position in shares of Civitas Solutions by 0.5% in the first quarter. Jupiter Asset Management Ltd. now owns 295,445 shares of the company’s stock worth $5,421,000 after buying an additional 1,350 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Civitas Solutions by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 23,422 shares of the company’s stock worth $466,000 after buying an additional 270 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Civitas Solutions by 15.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 108,487 shares of the company’s stock worth $2,160,000 after buying an additional 14,462 shares in the last quarter. Hedge funds and other institutional investors own 93.38% of the company’s stock.
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).
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