Zacks Investment Research upgraded shares of Civitas Solutions Inc. (NYSE:CIVI) from a sell rating to a hold rating in a research report report published on Tuesday morning.
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. “
Several other brokerages have also recently commented on CIVI. Raymond James Financial Inc. cut Civitas Solutions from an outperform rating to a market perform rating in a research report on Thursday, August 11th. Citigroup Inc. cut Civitas Solutions to a market perform rating in a research report on Thursday, August 11th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of Buy and an average target price of $28.14.
Shares of Civitas Solutions (NYSE:CIVI) opened at 18.30 on Tuesday. The stock has a market cap of $679.50 million, a P/E ratio of 62.89 and a beta of 0.45. The stock has a 50 day moving average price of $18.13 and a 200 day moving average price of $19.63. Civitas Solutions has a 12 month low of $15.19 and a 12 month high of $30.23.
Civitas Solutions (NYSE:CIVI) last issued its 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 analyst estimates 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 last year, the business earned $0.04 EPS. Equities analysts anticipate that Civitas Solutions will post $0.36 EPS for the current fiscal year.
In related news, CFO Denis M. Holler sold 5,000 shares of the stock in a transaction on Thursday, July 21st. The stock was 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 directly owns 363,261 shares in the company, valued at $8,369,533.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Denis M. Holler sold 1,400 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $23.03, for a total value of $32,242.00. Following the transaction, the chief financial officer now owns 360,061 shares in the company, valued at $8,292,204.83. The disclosure for this sale can be found here. Corporate insiders own 7.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Group LTD raised its position in Civitas Solutions by 77.7% in the second quarter. BlackRock Group LTD now owns 6,289 shares of the company’s stock valued at $131,000 after buying an additional 2,750 shares during the period. BlackRock Advisors LLC raised its position in Civitas Solutions by 9.9% in the second quarter. BlackRock Advisors LLC now owns 7,502 shares of the company’s stock valued at $156,000 after buying an additional 677 shares during the period. American International Group Inc. raised its position in Civitas Solutions by 26.9% in the second quarter. American International Group Inc. now owns 8,692 shares of the company’s stock valued at $181,000 after buying an additional 1,840 shares during the period. Nationwide Fund Advisors raised its position in Civitas Solutions by 32.4% in the second quarter. Nationwide Fund Advisors now owns 9,893 shares of the company’s stock valued at $206,000 after buying an additional 2,419 shares during the period. Finally, A.R.T. Advisors LLC bought a new position in Civitas Solutions during the second quarter valued at $209,000. 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.