Civitas Solutions Inc (NYSE:CIVI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

According to Zacks, “Civitas Solutions, Inc. is a national network of local health and human services. It operates as a provider of an array of community-based services to adults and children with intellectual and developmental disabilities, brain and spinal cord injuries and other catastrophic injuries and illnesses, and to youth with emotional, behavioral and medically complex challenges, as well as their families. The Company serves governmental agencies, non-public payors, and not-for-profit organizations. Civitas Solutions, Inc. is based in Boston, Massachusetts. “

Separately, Canaccord Genuity reissued a “buy” rating and issued a $26.00 price objective on shares of Civitas Solutions in a research note on Friday, February 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Civitas Solutions presently has a consensus rating of “Hold” and an average target price of $23.33.

Civitas Solutions (NYSE:CIVI) traded down 4.43% during mid-day trading on Monday, reaching $17.25. The company’s stock had a trading volume of 45,715 shares. The company has a market capitalization of $643.65 million, a PE ratio of 37.66 and a beta of 0.49. The firm has a 50 day moving average price of $17.83 and a 200-day moving average price of $18.21. Civitas Solutions has a 1-year low of $15.90 and a 1-year high of $23.20.

Civitas Solutions (NYSE:CIVI) last posted its quarterly earnings data on Wednesday, May 10th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Civitas Solutions had a return on equity of 18.37% and a net margin of 1.33%. The firm had revenue of $362.40 million during the quarter, compared to the consensus estimate of $368.83 million. During the same period in the prior year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts predict that Civitas Solutions will post $0.73 EPS for the current fiscal year.

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In other news, CFO Denis M. Holler sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $18.17, for a total transaction of $454,250.00. Following the sale, the chief financial officer now directly owns 366,952 shares of the company’s stock, valued at $6,667,517.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Renzo Linda De sold 5,000 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $18.70, for a total value of $93,500.00. Following the sale, the insider now directly owns 196,334 shares in the company, valued at $3,671,445.80. The disclosure for this sale can be found here. Insiders have sold 60,000 shares of company stock worth $1,109,247 over the last ninety days. 5.30% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. raised its stake in shares of Civitas Solutions by 5.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,433,325 shares of the company’s stock worth $41,266,000 after buying an additional 78,650 shares during the period. California Public Employees Retirement System bought a new stake in shares of Civitas Solutions during the fourth quarter worth about $2,893,000. EAM Investors LLC bought a new stake in shares of Civitas Solutions during the fourth quarter worth about $1,057,000. Mutual of America Capital Management LLC bought a new stake in shares of Civitas Solutions during the fourth quarter worth about $1,259,000. Finally, Bank of Montreal Can raised its stake in shares of Civitas Solutions by 56.9% in the fourth quarter. Bank of Montreal Can now owns 105,106 shares of the company’s stock worth $3,026,000 after buying an additional 38,138 shares during the period. 87.94% of the stock is currently owned by institutional investors.

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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