Shares of Civitas Solutions, Inc. (NYSE:CIVI) have earned an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $24.67.

A number of research analysts recently commented on CIVI shares. BidaskClub cut Civitas Solutions from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Zacks Investment Research upgraded Civitas Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th.

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Shares of Civitas Solutions (CIVI) opened at 18.45 on Friday. Civitas Solutions has a 12 month low of $15.40 and a 12 month high of $20.98. The firm’s 50-day moving average price is $18.15 and its 200-day moving average price is $17.67. The stock has a market capitalization of $689.33 million, a P/E ratio of 35.48 and a beta of 0.43.

Civitas Solutions (NYSE:CIVI) last issued its earnings results on Wednesday, August 9th. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The business had revenue of $377.80 million for the quarter, compared to analysts’ expectations of $376.51 million. Civitas Solutions had a return on equity of 17.01% and a net margin of 1.35%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. On average, equities research analysts forecast that Civitas Solutions will post $0.68 EPS for the current year.

In other news, CFO Denis M. Holler sold 5,300 shares of the stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $19.10, for a total transaction of $101,230.00. Following the completion of the sale, the chief financial officer now owns 318,144 shares in the company, valued at $6,076,550.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Renzo Linda De sold 10,000 shares of the stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $18.83, for a total transaction of $188,300.00. Following the sale, the insider now owns 181,334 shares of the company’s stock, valued at approximately $3,414,519.22. The disclosure for this sale can be found here. Insiders sold 50,772 shares of company stock valued at $962,756 in the last 90 days. 5.30% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CIVI. Victory Capital Management Inc. purchased a new position in Civitas Solutions during the first quarter worth about $109,000. Bank of Montreal Can raised its holdings in Civitas Solutions by 614.8% during the second quarter. Bank of Montreal Can now owns 6,648 shares of the company’s stock worth $116,000 after purchasing an additional 5,718 shares in the last quarter. American International Group Inc. raised its holdings in Civitas Solutions by 7.1% during the first quarter. American International Group Inc. now owns 9,298 shares of the company’s stock worth $171,000 after purchasing an additional 617 shares in the last quarter. Martingale Asset Management L P purchased a new position in Civitas Solutions during the second quarter worth about $186,000. Finally, Parametric Portfolio Associates LLC purchased a new position in Civitas Solutions during the second quarter worth about $211,000. Institutional investors and hedge funds own 93.97% of the company’s stock.

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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