Civitas Solutions, Inc. (NYSE:CIVI) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Separately, Zacks Investment Research cut shares of Civitas Solutions from a “hold” rating to a “sell” rating in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.50.

Civitas Solutions (NYSE:CIVI) traded down 0.30% during midday trading on Friday, reaching $16.85. 11,062 shares of the company traded hands. Civitas Solutions has a one year low of $15.40 and a one year high of $22.06. The company has a 50 day moving average price of $17.77 and a 200-day moving average price of $17.80. The stock has a market capitalization of $628.72 million, a P/E ratio of 36.71 and a beta of 0.45.

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

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In other news, insider Renzo Linda De sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $18.74, for a total value of $93,700.00. Following the sale, the insider now directly owns 191,443 shares in the company, valued at approximately $3,587,641.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Denis M. Holler sold 22,679 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $18.72, for a total transaction of $424,550.88. Following the completion of the sale, the chief financial officer now owns 339,601 shares in the company, valued at $6,357,330.72. The disclosure for this sale can be found here. Insiders sold a total of 57,866 shares of company stock worth $1,090,355 over the last 90 days. Company insiders own 5.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in 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 purchased a new stake in Civitas Solutions during the fourth quarter worth $870,000. Teachers Advisors LLC boosted its stake 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 in the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in Civitas Solutions during the fourth quarter worth $336,000. Institutional investors and hedge funds own 93.38% 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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