Civitas Solutions (NYSE:CIVI)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity in a research report issued on Wednesday. They presently have a $27.00 price target on the stock. Canaccord Genuity’s price target would indicate a potential upside of 52.54% from the stock’s previous close.

Several other equities research analysts have also recently commented on CIVI. Zacks Investment Research raised shares of Civitas Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. BidaskClub cut shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Civitas Solutions has a consensus rating of “Hold” and an average price target of $25.00.

Civitas Solutions (NYSE CIVI) traded down $2.10 during trading hours on Wednesday, hitting $17.70. 170,340 shares of the stock traded hands, compared to its average volume of 44,012. Civitas Solutions has a 12-month low of $15.40 and a 12-month high of $20.98. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market cap of $708.03, a PE ratio of 25.96, a price-to-earnings-growth ratio of 2.24 and a beta of 0.43.

In related news, insider Gerald J. Jr. Morrissey sold 2,000 shares of Civitas Solutions stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $19.23, for a total transaction of $38,460.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Renzo Linda De sold 5,000 shares of Civitas Solutions stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $18.81, for a total transaction of $94,050.00. Following the transaction, the insider now directly owns 154,854 shares of the company’s stock, valued at $2,912,803.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,112 shares of company stock valued at $653,121. 5.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in Civitas Solutions by 16.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 177,215 shares of the company’s stock valued at $3,270,000 after purchasing an additional 24,690 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Civitas Solutions by 4.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 80,983 shares of the company’s stock valued at $1,495,000 after purchasing an additional 3,499 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Civitas Solutions during the 3rd quarter valued at about $197,000. Wells Fargo & Company MN increased its stake in Civitas Solutions by 63.1% during the 3rd quarter. Wells Fargo & Company MN now owns 16,825 shares of the company’s stock valued at $311,000 after purchasing an additional 6,509 shares in the last quarter. Finally, Cadence Capital Management LLC increased its stake in Civitas Solutions by 81.1% during the 3rd quarter. Cadence Capital Management LLC now owns 66,875 shares of the company’s stock valued at $1,234,000 after purchasing an additional 29,941 shares in the last quarter. 94.19% of the stock is owned by institutional investors.

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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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