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

Separately, BidaskClub upgraded Civitas Solutions from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Civitas Solutions has an average rating of “Buy” and a consensus price target of $24.67.

Shares of Civitas Solutions (NYSE CIVI) remained flat at $18.45 during midday trading on Tuesday. The stock had a trading volume of 57,196 shares. The stock has a market cap of $689.33 million, a PE ratio of 35.48 and a beta of 0.42. The company has a 50 day moving average price of $18.70 and a 200-day moving average price of $17.82. Civitas Solutions has a 12 month low of $15.40 and a 12 month high of $20.98.

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. Civitas Solutions had a return on equity of 17.01% and a net margin of 1.35%. The firm had revenue of $377.80 million for the quarter, compared to the consensus estimate of $376.51 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. Analysts anticipate that Civitas Solutions will post $0.69 EPS for the current year.

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In other Civitas Solutions news, CFO Denis M. Holler sold 5,300 shares of Civitas Solutions stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $19.10, for a total transaction of $101,230.00. Following the completion of the transaction, the chief financial officer now directly owns 318,144 shares of the company’s stock, valued at $6,076,550.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Renzo Linda De sold 5,000 shares of Civitas Solutions stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $18.70, for a total value of $93,500.00. Following the transaction, the insider now directly owns 176,334 shares of the company’s stock, valued at $3,297,445.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,503 shares of company stock valued at $1,114,393. 5.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in shares of Civitas Solutions by 507.8% during the first quarter. Bank of America Corp DE now owns 49,137 shares of the company’s stock valued at $901,000 after acquiring an additional 41,052 shares during the period. Driehaus Capital Management LLC lifted its holdings in shares of Civitas Solutions by 2.3% during the first quarter. Driehaus Capital Management LLC now owns 57,150 shares of the company’s stock valued at $1,049,000 after acquiring an additional 1,300 shares during the period. Royce & Associates LP lifted its holdings in shares of Civitas Solutions by 20.1% during the second quarter. Royce & Associates LP now owns 42,388 shares of the company’s stock valued at $742,000 after acquiring an additional 7,098 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Civitas Solutions by 4.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 77,104 shares of the company’s stock valued at $1,415,000 after acquiring an additional 3,420 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Civitas Solutions by 14.6% during the first quarter. Dimensional Fund Advisors LP now owns 124,309 shares of the company’s stock valued at $2,280,000 after acquiring an additional 15,822 shares during the period. 93.97% of the stock is owned by institutional investors.

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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