Civitas Solutions (CIVI) Stock Rating Upgraded by Citigroup
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.
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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