Civitas Solutions, Inc. (NYSE:CIVI) Insider Renzo Linda De Sells 10,000 Shares

Civitas Solutions, Inc. (NYSE:CIVI) insider Renzo Linda De sold 10,000 shares of Civitas Solutions stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $18.83, for a total transaction of $188,300.00. Following the completion of the sale, the insider now owns 181,334 shares in the company, valued at approximately $3,414,519.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Renzo Linda De also recently made the following trade(s):

• On Wednesday, May 10th, Renzo Linda De sold 5,000 shares of Civitas Solutions stock. The stock was sold at an average price of $18.74, for a total transaction of $93,700.00.
• On Friday, May 5th, Renzo Linda De sold 5,000 shares of Civitas Solutions stock. The stock was sold at an average price of $18.70, for a total transaction of $93,500.00.

Civitas Solutions, Inc. (CIVI) opened at 18.20 on Wednesday. The stock has a 50 day moving average of $17.80 and a 200 day moving average of $17.66. The stock has a market capitalization of $679.99 million, a P/E ratio of 35.00 and a beta of 0.45. Civitas Solutions, Inc. has a 1-year low of $15.40 and a 1-year high of $20.98.

Civitas Solutions (NYSE:CIVI) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. The firm had revenue of $377.80 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS. On average, analysts expect that Civitas Solutions, Inc. will post $0.71 earnings per share for the current year.

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Several research firms have recently weighed in on CIVI. Zacks Investment Research downgraded shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. BidaskClub raised shares of Civitas Solutions from a “sell” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $23.50.

Large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC raised its position in Civitas Solutions by 19.3% in the first quarter. Acrospire Investment Management LLC now owns 5,557 shares of the company’s stock worth $102,000 after buying an additional 900 shares during the period. Victory Capital Management Inc. purchased a new position in Civitas Solutions during the first quarter worth about $109,000. Bank of Montreal Can raised its position in Civitas Solutions by 614.8% in the second quarter. Bank of Montreal Can now owns 6,648 shares of the company’s stock worth $116,000 after buying an additional 5,718 shares during the period. American International Group Inc. raised its position in Civitas Solutions by 7.1% in the first quarter. American International Group Inc. now owns 9,298 shares of the company’s stock worth $171,000 after buying an additional 617 shares during the period. Finally, Martingale Asset Management L P purchased a new position in Civitas Solutions during the second quarter worth about $186,000. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

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).