Gerald J. Jr. Morrissey Sells 1,000 Shares of Civitas Solutions, Inc. (CIVI) Stock
Civitas Solutions, Inc. (NYSE:CIVI) insider Gerald J. Jr. Morrissey sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $18.95, for a total value of $18,950.00. Following the completion of the sale, the insider now owns 49,165 shares in the company, valued at approximately $931,676.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Civitas Solutions, Inc. (CIVI) traded down 0.53% during trading on Friday, reaching $18.80. The company had a trading volume of 3,098 shares. The stock has a market capitalization of $702.41 million, a P/E ratio of 36.15 and a beta of 0.41. The stock has a 50 day moving average of $18.66 and a 200-day moving average of $17.80. Civitas Solutions, Inc. has a 12-month low of $15.40 and a 12-month high of $20.98.
Civitas Solutions (NYSE:CIVI) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Civitas Solutions had a net margin of 1.35% and a return on equity of 17.01%. The company had revenue of $377.80 million during the quarter, compared to analyst estimates of $376.51 million. During the same period in the prior year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts forecast that Civitas Solutions, Inc. will post $0.69 earnings per share for the current fiscal year.
Several analysts recently weighed in on the company. BidaskClub upgraded Civitas Solutions from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.67.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new stake in shares of Civitas Solutions in the first quarter worth approximately $109,000. Bank of Montreal Can lifted its position in shares of Civitas Solutions by 614.8% in 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. lifted its position 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 worth $171,000 after purchasing an additional 617 shares in the last quarter. Martingale Asset Management L P purchased a new stake in shares of Civitas Solutions in the second quarter worth approximately $186,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of Civitas Solutions in the second quarter worth approximately $211,000. 93.97% of the stock is owned by institutional investors and hedge funds.
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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