Civitas Solutions, Inc. (NYSE:CIVI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday.

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, BidaskClub cut Civitas Solutions from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Civitas Solutions presently has an average rating of “Hold” and a consensus price target of $23.50.

Civitas Solutions (CIVI) traded up 2.55% during mid-day trading on Friday, reaching $18.10. The company’s stock had a trading volume of 49,533 shares. Civitas Solutions has a one year low of $15.40 and a one year high of $20.98. The stock’s 50 day moving average is $17.76 and its 200 day moving average is $17.72. The firm has a market cap of $676.25 million, a PE ratio of 34.81 and a beta of 0.45.

Civitas Solutions (NYSE:CIVI) last posted its earnings results on Wednesday, August 9th. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. Civitas Solutions had a return on equity of 17.50% and a net margin of 1.35%. The business had revenue of $377.80 million for the quarter, compared to analysts’ expectations of $376.51 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. On average, analysts anticipate that Civitas Solutions will post $0.71 EPS for the current year.

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In other news, insider Renzo Linda De sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $18.83, for a total transaction of $188,300.00. Following the sale, the insider now owns 181,334 shares of the company’s stock, valued at approximately $3,414,519.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Denis M. Holler sold 5,300 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $19.10, for a total value of $101,230.00. Following the sale, the chief financial officer now directly owns 318,144 shares in the company, valued at approximately $6,076,550.40. The disclosure for this sale can be found here. Insiders sold a total of 29,766 shares of company stock worth $564,273 in the last ninety days. 5.30% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. TimesSquare Capital Management LLC increased its position in shares of Civitas Solutions by 17.8% in the first quarter. TimesSquare Capital Management LLC now owns 1,914,505 shares of the company’s stock valued at $33,370,000 after buying an additional 288,705 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Civitas Solutions by 31,000.9% in the first quarter. JPMorgan Chase & Co. now owns 101,700 shares of the company’s stock valued at $1,773,000 after buying an additional 101,373 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Civitas Solutions by 36.4% in the first quarter. TIAA CREF Investment Management LLC now owns 91,678 shares of the company’s stock valued at $1,598,000 after buying an additional 24,450 shares in the last quarter. Ngam Advisors L.P. increased its position in shares of Civitas Solutions by 7.2% in the first quarter. Ngam Advisors L.P. now owns 149,139 shares of the company’s stock valued at $2,599,000 after buying an additional 9,983 shares in the last quarter. Finally, Polar Capital LLP increased its position in shares of Civitas Solutions by 54.4% in the fourth quarter. Polar Capital LLP now owns 820,000 shares of the company’s stock valued at $23,606,000 after buying an additional 288,924 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

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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