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

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. “

Civitas Solutions (NYSE:CIVI) traded down 2.01% during mid-day trading on Tuesday, hitting $17.10. The company had a trading volume of 20,982 shares. The company has a market capitalization of $638.05 million, a price-to-earnings ratio of 37.25 and a beta of 0.44. The firm’s 50 day moving average is $16.94 and its 200 day moving average is $18.00. Civitas Solutions has a 52 week low of $15.40 and a 52 week high of $23.20.

Civitas Solutions (NYSE:CIVI) last released its earnings results on Wednesday, May 10th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $362.40 million for the quarter, compared to analysts’ expectations of $368.83 million. Civitas Solutions had a net margin of 1.19% and a return on equity of 16.20%. Civitas Solutions’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share. On average, equities research analysts predict that Civitas Solutions will post $0.71 EPS for the current year.

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In other Civitas Solutions news, insider Renzo Linda De sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $18.74, for a total transaction of $93,700.00. Following the sale, the insider now directly owns 191,443 shares of the company’s stock, valued at $3,587,641.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Denis M. Holler sold 1,900 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $18.64, for a total value of $35,416.00. Following the sale, the chief financial officer now directly owns 346,544 shares in the company, valued at $6,459,580.16. The disclosure for this sale can be found here. Insiders have sold 61,000 shares of company stock worth $1,126,597 over the last quarter. 5.30% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. State Street Corp boosted its stake 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 in the last quarter. Renaissance Technologies LLC acquired a new stake in Civitas Solutions during the fourth quarter worth approximately $870,000. GSA Capital Partners LLP boosted its stake in Civitas Solutions by 23.0% in the fourth quarter. GSA Capital Partners LLP now owns 13,790 shares of the company’s stock worth $274,000 after buying an additional 2,579 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Civitas Solutions during the fourth quarter worth approximately $2,187,000. 93.38% of the stock is currently 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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