Civitas Solutions, Inc. (NYSE:CIVI) – Research analysts at SunTrust Banks decreased their Q1 2019 EPS estimates for shares of Civitas Solutions in a research note issued on Wednesday. SunTrust Banks analyst D. Macdonald now expects that the company will post earnings of $0.18 per share for the quarter, down from their prior estimate of $0.20. SunTrust Banks also issued estimates for Civitas Solutions’ Q2 2019 earnings at $0.19 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.32 EPS and FY2019 earnings at $0.95 EPS.

Several other analysts have also commented on CIVI. Zacks Investment Research lowered shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research report on Thursday. Canaccord Genuity restated a “buy” rating and set a $27.00 price target on shares of Civitas Solutions in a research report on Wednesday. Finally, BidaskClub lowered shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Civitas Solutions has a consensus rating of “Hold” and an average price target of $25.00.

Civitas Solutions (CIVI) traded up $0.50 during mid-day trading on Thursday, reaching $18.20. 89,266 shares of the company traded hands, compared to its average volume of 44,202. The firm has a market capitalization of $666.93, a price-to-earnings ratio of 27.89, a PEG ratio of 2.34 and a beta of 0.43. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 3.64. Civitas Solutions has a 52 week low of $15.40 and a 52 week high of $20.98.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can grew 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 valued at $116,000 after purchasing an additional 5,718 shares during the period. Strs Ohio acquired a new stake in shares of Civitas Solutions in the third quarter valued at about $127,000. Victory Capital Management Inc. grew its position in shares of Civitas Solutions by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,982 shares of the company’s stock valued at $122,000 after purchasing an additional 1,047 shares during the period. Martingale Asset Management L P acquired a new stake in shares of Civitas Solutions in the second quarter valued at about $186,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Civitas Solutions in the third quarter valued at about $197,000. Institutional investors and hedge funds own 94.19% of the company’s stock.

In other news, insider Gerald J. Jr. Morrissey sold 2,000 shares of Civitas Solutions stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $19.23, for a total value of $38,460.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Renzo Linda De sold 4,283 shares of Civitas Solutions stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $18.86, for a total transaction of $80,777.38. Following the completion of the sale, the insider now owns 169,098 shares in the company, valued at approximately $3,189,188.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,112 shares of company stock worth $653,121. 5.30% of the stock is owned by company insiders.

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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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