Civitas Solutions (NYSE:CIVI) was upgraded by equities research analysts at Citigroup to an “outperform” rating in a research note issued to investors on Friday, The Fly reports. The firm currently has a $21.00 price objective on the stock. Citigroup’s price target would suggest a potential upside of 40.00% from the stock’s previous close. The analysts noted that the move was a valuation call.

CIVI has been the topic of a number of other reports. SunTrust Banks set a $21.00 price target on shares of Civitas Solutions and gave the company a “buy” rating in a research report on Thursday, December 21st. BidaskClub cut shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Zacks Investment Research lowered shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Finally, Canaccord Genuity restated a “buy” rating and issued a $27.00 price objective on shares of Civitas Solutions in a report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.00.

Civitas Solutions (NYSE:CIVI) opened at $15.00 on Friday. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.19 and a quick ratio of 1.19. Civitas Solutions has a 52 week low of $13.45 and a 52 week high of $19.95. The company has a market cap of $658.94 and a P/E ratio of 88.24.

Civitas Solutions (NYSE:CIVI) last posted its quarterly earnings results on Tuesday, December 12th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Civitas Solutions had a net margin of 0.43% and a return on equity of 16.25%. equities analysts expect that Civitas Solutions will post 0.77 earnings per share for the current year.

In other Civitas Solutions news, insider Renzo Linda De sold 1,722 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $18.73, for a total transaction of $32,253.06. Following the completion of the sale, the insider now directly owns 162,893 shares of the company’s stock, valued at approximately $3,050,985.89. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Denis M. Holler sold 12,238 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $19.75, for a total transaction of $241,700.50. Following the sale, the chief financial officer now directly owns 277,502 shares of the company’s stock, valued at $5,480,664.50. The disclosure for this sale can be found here. Insiders have sold a total of 32,619 shares of company stock worth $631,649 in the last 90 days. Company insiders own 5.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of CIVI. Vanguard Group Inc. increased its stake in shares of Civitas Solutions by 1.0% during the second quarter. Vanguard Group Inc. now owns 719,953 shares of the company’s stock valued at $12,600,000 after buying an additional 7,218 shares during the period. First Quadrant L P CA grew its stake in Civitas Solutions by 56.6% in the fourth quarter. First Quadrant L P CA now owns 21,146 shares of the company’s stock valued at $362,000 after purchasing an additional 7,646 shares during the last quarter. IndexIQ Advisors LLC grew its stake in Civitas Solutions by 83.0% in the third quarter. IndexIQ Advisors LLC now owns 47,233 shares of the company’s stock valued at $871,000 after purchasing an additional 21,422 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Civitas Solutions during the second quarter worth about $1,705,000. Finally, Northern Trust Corp grew its stake in shares of Civitas Solutions by 19.2% during the second quarter. Northern Trust Corp now owns 243,499 shares of the company’s stock worth $4,261,000 after acquiring an additional 39,301 shares during the last quarter. 94.06% of the stock is owned by hedge funds and other institutional investors.

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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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