The 2,200 Shares of Civitas Solutions Inc. (CIVI) are sold by California Public Employees Retirement System

The 2,200 Shares of Civitas Solutions Inc. (CIVI) are sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its stake in Civitas Solutions Inc. (NYSE:CIVI) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 68,800 shares of the company’s stock after selling 2,200 shares during the period. California Public Employees Retirement System owned 0.19% of Civitas Solutions worth $1,433,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CIVI. California State Teachers Retirement System increased its stake in shares of Civitas Solutions by 27.7% in the second quarter. California State Teachers Retirement System now owns 31,661 shares of the company’s stock valued at $659,000 after buying an additional 6,868 shares during the period. Nuveen Asset Management LLC increased its position in Civitas Solutions by 128.0% in the first quarter. Nuveen Asset Management LLC now owns 250,601 shares of the company’s stock worth $4,368,000 after buying an additional 140,690 shares during the last quarter. Geode Capital Management LLC increased its position in Civitas Solutions by 7.3% in the first quarter. Geode Capital Management LLC now owns 112,583 shares of the company’s stock worth $1,962,000 after buying an additional 7,705 shares during the last quarter. JPMorgan Chase & Co. increased its position in Civitas Solutions by 31,000.9% in the first quarter. JPMorgan Chase & Co. now owns 101,700 shares of the company’s stock worth $1,773,000 after buying an additional 101,373 shares during the last quarter. Finally, Ngam Advisors L.P. increased its position in Civitas Solutions by 7.2% in the first quarter. Ngam Advisors L.P. now owns 149,139 shares of the company’s stock worth $2,599,000 after buying an additional 9,983 shares during the last quarter. Institutional investors own 94.58% of the company’s stock.

Civitas Solutions Inc. (NYSE:CIVI) traded up 2.4981% on Wednesday, reaching $18.4599. The company had a trading volume of 12,449 shares. The firm has a market capitalization of $685.43 million, a PE ratio of 63.4361 and a beta of 0.45. The stock has a 50 day moving average of $18.15 and a 200 day moving average of $19.63. Civitas Solutions Inc. has a 12 month low of $15.19 and a 12 month high of $30.23.

Civitas Solutions (NYSE:CIVI) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.07. Civitas Solutions had a return on equity of 10.98% and a net margin of 0.77%. The business earned $354 million during the quarter, compared to analyst estimates of $357.48 million. During the same period last year, the company earned $0.04 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts anticipate that Civitas Solutions Inc. will post $0.36 EPS for the current year.

A number of research analysts have recently commented on CIVI shares. Raymond James Financial Inc. downgraded Civitas Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, August 11th. Zacks Investment Research upgraded Civitas Solutions from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Citigroup Inc. downgraded Civitas Solutions to a “market perform” rating in a report on Thursday, August 11th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Civitas Solutions presently has a consensus rating of “Buy” and a consensus price target of $28.14.

In other news, CFO Denis M. Holler sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $23.04, for a total transaction of $115,200.00. Following the completion of the sale, the chief financial officer now owns 363,261 shares of the company’s stock, valued at $8,369,533.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kathleen P. Federico sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $23.03, for a total transaction of $34,545.00. Following the sale, the insider now directly owns 167,595 shares of the company’s stock, valued at approximately $3,859,712.85. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by corporate insiders.

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.

Related posts

Leave a Comment