Shares of Civitas Solutions, Inc. (NYSE:CIVI) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $24.67.

Several research firms recently issued reports on CIVI. BidaskClub lowered Civitas Solutions from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research upgraded Civitas Solutions from a “sell” rating to a “hold” rating in a report on Tuesday.

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In other Civitas Solutions 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 transaction, the insider now owns 181,334 shares of the company’s stock, valued at $3,414,519.22. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Gerald J. Jr. Morrissey sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $19.23, for a total value of $38,460.00. The disclosure for this sale can be found here. Insiders have sold 58,603 shares of company stock worth $1,116,263 in the last quarter. 5.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. increased its position in Civitas Solutions by 0.4% during the second quarter. Citigroup Inc. now owns 17,022 shares of the company’s stock worth $298,000 after buying an additional 74 shares during the last quarter. Teachers Advisors LLC increased its position in Civitas Solutions by 1.2% during 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 during the last quarter. Schwab Charles Investment Management Inc. increased its position in Civitas Solutions by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 77,484 shares of the company’s stock worth $1,356,000 after buying an additional 380 shares during the last quarter. Alliancebernstein L.P. increased its position in Civitas Solutions by 3.1% during the first quarter. Alliancebernstein L.P. now owns 16,750 shares of the company’s stock worth $307,000 after buying an additional 500 shares during the last quarter. Finally, American International Group Inc. increased its position 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 during the last quarter. 93.97% of the stock is currently owned by hedge funds and other institutional investors.

Civitas Solutions (NYSE:CIVI) opened at 18.65 on Thursday. The firm has a market cap of $696.80 million, a price-to-earnings ratio of 35.87 and a beta of 0.41. The stock’s 50 day moving average price is $18.71 and its 200-day moving average price is $17.84. Civitas Solutions has a one year low of $15.40 and a one year high of $20.98.

Civitas Solutions (NYSE:CIVI) last released its earnings results on Wednesday, August 9th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. Civitas Solutions had a return on equity of 17.01% and a net margin of 1.35%. The business had revenue of $377.80 million for the quarter, compared to analyst estimates of $376.51 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. Civitas Solutions’s revenue was up 5.4% on a year-over-year basis. Analysts forecast that Civitas Solutions will post $0.69 earnings per share for the current year.

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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