Civitas Solutions, Inc. (NYSE:CIVI) insider Renzo Linda De sold 5,000 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $18.70, for a total value of $93,500.00. Following the completion of the transaction, the insider now owns 176,334 shares of the company’s stock, valued at $3,297,445.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Renzo Linda De also recently made the following trade(s):
- On Wednesday, July 19th, Renzo Linda De sold 10,000 shares of Civitas Solutions stock. The shares were sold at an average price of $18.83, for a total value of $188,300.00.
Shares of Civitas Solutions, Inc. (CIVI) traded up 2.20% during mid-day trading on Friday, reaching $18.60. The company’s stock had a trading volume of 26,274 shares. Civitas Solutions, Inc. has a 52-week low of $15.40 and a 52-week high of $20.98. The firm has a market cap of $694.93 million, a price-to-earnings ratio of 35.77 and a beta of 0.45. The firm has a 50 day moving average price of $17.96 and a 200 day moving average price of $17.67.
Civitas Solutions (NYSE:CIVI) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. Civitas Solutions had a return on equity of 17.01% and a net margin of 1.35%. The company had revenue of $377.80 million for the quarter, compared to the consensus estimate of $376.51 million. During the same quarter last year, the business posted $0.13 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that Civitas Solutions, Inc. will post $0.69 EPS for the current fiscal year.
Several large investors have recently modified their holdings of CIVI. Acrospire Investment Management LLC increased its stake in shares of 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. acquired a new stake in shares of Civitas Solutions during the first quarter worth about $109,000. Bank of Montreal Can increased its stake in shares of 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. increased its stake in shares of 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 acquired a new stake in shares of Civitas Solutions during the second quarter worth about $186,000. Institutional investors own 93.13% of the company’s stock.
CIVI has been the subject of a number of recent research reports. BidaskClub lowered Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded Civitas Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $23.50.
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).
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