Insider Selling: Civitas Solutions, Inc. (CIVI) CFO Sells 4,600 Shares of Stock
Civitas Solutions, Inc. (NYSE:CIVI) CFO Denis M. Holler sold 4,600 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $19.63, for a total transaction of $90,298.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Civitas Solutions, Inc. (NYSE:CIVI) traded down 3.82% on Wednesday, hitting $18.90. 60,600 shares of the company traded hands. Civitas Solutions, Inc. has a 12 month low of $15.40 and a 12 month high of $20.98. The stock’s 50-day moving average is $18.62 and its 200 day moving average is $17.78. The stock has a market cap of $706.14 million, a PE ratio of 36.35 and a beta of 0.41.
Civitas Solutions (NYSE:CIVI) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $377.80 million for the quarter, compared to the consensus estimate of $376.51 million. Civitas Solutions had a net margin of 1.35% and a return on equity of 17.01%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Equities research analysts expect that Civitas Solutions, Inc. will post $0.69 earnings per share for the current fiscal year.
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Several research analysts recently weighed in on CIVI shares. Zacks Investment Research upgraded shares of Civitas Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub downgraded shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Civitas Solutions presently has a consensus rating of “Hold” and a consensus price target of $24.67.
Hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. purchased a new stake in Civitas Solutions during the first quarter worth about $109,000. Bank of Montreal Can boosted its holdings in Civitas Solutions by 614.8% during the second quarter. Bank of Montreal Can now owns 6,648 shares of the company’s stock worth $116,000 after buying an additional 5,718 shares in the last quarter. American International Group Inc. boosted its holdings in Civitas Solutions by 7.1% during the first quarter. American International Group Inc. now owns 9,298 shares of the company’s stock worth $171,000 after buying an additional 617 shares in the last quarter. Martingale Asset Management L P purchased a new stake in Civitas Solutions during the second quarter worth about $186,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in Civitas Solutions during the second quarter worth about $211,000. 93.97% of the stock is currently owned by hedge funds and other 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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