Civitas Solutions, Inc. (CIVI) Position Raised by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. boosted its stake in shares of Civitas Solutions, Inc. (NYSE:CIVI) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,104 shares of the company’s stock after buying an additional 3,420 shares during the period. Schwab Charles Investment Management Inc. owned 0.21% of Civitas Solutions worth $1,415,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in CIVI. Acrospire Investment Management LLC increased its stake in shares of Civitas Solutions by 19.3% in the first quarter. Acrospire Investment Management LLC now owns 5,557 shares of the company’s stock valued at $102,000 after buying an additional 900 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Civitas Solutions during the first quarter valued at approximately $109,000. American International Group Inc. increased its stake in shares of Civitas Solutions by 7.1% in the first quarter. American International Group Inc. now owns 9,298 shares of the company’s stock valued at $171,000 after buying an additional 617 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Civitas Solutions during the first quarter valued at approximately $222,000. Finally, Alambic Investment Management L.P. purchased a new stake in shares of Civitas Solutions during the first quarter valued at approximately $242,000. Hedge funds and other institutional investors own 93.97% of the company’s stock.
Shares of Civitas Solutions, Inc. (NYSE CIVI) traded up 1.4521% during mid-day trading on Monday, reaching $18.8701. 8,230 shares of the company’s stock were exchanged. Civitas Solutions, Inc. has a 1-year low of $15.40 and a 1-year high of $20.98. The stock has a market capitalization of $705.02 million, a PE ratio of 36.2887 and a beta of 0.45. The company’s 50 day moving average is $17.96 and its 200 day moving average is $17.67.
Civitas Solutions (NYSE:CIVI) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Civitas Solutions had a net margin of 1.35% and a return on equity of 17.01%. The business had revenue of $377.80 million for the quarter, compared to analyst estimates of $376.51 million. During the same period in the previous year, the firm earned $0.13 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Civitas Solutions, Inc. will post $0.69 EPS for the current fiscal year.
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Several analysts have recently commented on CIVI shares. Zacks Investment Research upgraded shares of Civitas Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub upgraded shares of Civitas Solutions from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Civitas Solutions has a consensus rating of “Hold” and a consensus price target of $23.50.
In related news, CFO Denis M. Holler sold 6,937 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $19.10, for a total value of $132,496.70. Following the completion of the transaction, the chief financial officer now owns 318,144 shares of the company’s stock, valued at approximately $6,076,550.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Renzo Linda De sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $18.83, for a total transaction of $188,300.00. Following the completion of the transaction, the insider now directly 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 a total of 34,766 shares of company stock worth $657,773 over the last quarter. Insiders own 5.30% 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 operates through two segments: Human Services and Post-Acute Specialty Rehabilitation Services (SRS).
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