California Public Employees Retirement System lowered its position in Civitas Solutions, Inc. (NYSE:CIVI) by 4.3% during the first quarter, Holdings Channel reports. The firm owned 58,500 shares of the company’s stock after selling 2,600 shares during the period. California Public Employees Retirement System’s holdings in Civitas Solutions were worth $1,073,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its position in Civitas Solutions by 14.5% in the fourth quarter. State Street Corp now owns 272,207 shares of the company’s stock worth $5,420,000 after buying an additional 34,540 shares during the period. Dimensional Fund Advisors LP increased its position in Civitas Solutions by 15.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 108,487 shares of the company’s stock worth $2,160,000 after buying an additional 14,462 shares during the period. Renaissance Technologies LLC purchased a new position in Civitas Solutions during the fourth quarter worth $870,000. Teachers Advisors LLC increased its position in Civitas Solutions by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 23,422 shares of the company’s stock worth $466,000 after buying an additional 270 shares during the period. Finally, Highbridge Capital Management LLC purchased a new position in Civitas Solutions during the fourth quarter worth $336,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Civitas Solutions, Inc. (NYSE CIVI) traded up 2.55% during mid-day trading on Friday, hitting $18.10. The company had a trading volume of 49,533 shares. The firm has a market capitalization of $676.25 million, a PE ratio of 34.81 and a beta of 0.45. Civitas Solutions, Inc. has a 1-year low of $15.40 and a 1-year high of $20.98. The company has a 50 day moving average of $17.77 and a 200 day moving average of $17.71.

Civitas Solutions (NYSE:CIVI) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $377.80 million during the quarter, compared to the consensus estimate of $376.51 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. Analysts predict that Civitas Solutions, Inc. will post $0.71 earnings per share for the current fiscal year.

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A number of research analysts have weighed in on CIVI shares. Zacks Investment Research downgraded Civitas Solutions from a “hold” rating to a “sell” rating in a report on Monday, May 15th. BidaskClub downgraded Civitas Solutions from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $23.50.

In related news, insider Renzo Linda De sold 10,000 shares of Civitas Solutions stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $18.83, for a total transaction of $188,300.00. Following the transaction, the insider now directly owns 181,334 shares of the company’s stock, valued at $3,414,519.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Denis M. Holler sold 5,300 shares of Civitas Solutions stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $19.10, for a total transaction of $101,230.00. Following the transaction, the chief financial officer now directly owns 318,144 shares in the company, valued at $6,076,550.40. The disclosure for this sale can be found here. Insiders have sold 29,766 shares of company stock valued at $564,273 in the last ninety days. Insiders own 5.30% 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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Institutional Ownership by Quarter for Civitas Solutions (NYSE:CIVI)

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