Civitas Solutions (NYSE:CIVI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.

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. “

Other research analysts also recently issued reports about the company. Canaccord Genuity reissued a “buy” rating and issued a $27.00 price target on shares of Civitas Solutions in a report on Wednesday. BidaskClub downgraded Civitas Solutions from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $25.00.

Shares of Civitas Solutions (CIVI) traded up $0.50 during midday trading on Thursday, reaching $18.20. The company had a trading volume of 89,266 shares, compared to its average volume of 44,202. The stock has a market capitalization of $666.93, a price-to-earnings ratio of 27.89, a P/E/G ratio of 2.34 and a beta of 0.43. Civitas Solutions has a 52-week low of $15.40 and a 52-week high of $20.98. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 3.64.

In other Civitas Solutions news, insider Renzo Linda De sold 1,722 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $18.73, for a total value of $32,253.06. Following the completion of the sale, the insider now directly owns 162,893 shares in the company, valued at approximately $3,050,985.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Gerald J. Jr. Morrissey sold 2,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were 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. Over the last three months, insiders sold 34,112 shares of company stock valued at $653,121. 5.30% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. FMR LLC grew its holdings in Civitas Solutions by 1.1% in the 2nd quarter. FMR LLC now owns 5,596,978 shares of the company’s stock valued at $97,947,000 after buying an additional 61,501 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in Civitas Solutions by 6.0% in the 3rd quarter. TimesSquare Capital Management LLC now owns 2,133,855 shares of the company’s stock valued at $38,964,000 after buying an additional 121,000 shares in the last quarter. Stadium Capital Management LLC grew its holdings in Civitas Solutions by 433.2% in the 4th quarter. Stadium Capital Management LLC now owns 1,579,513 shares of the company’s stock valued at $31,432,000 after buying an additional 1,283,301 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Civitas Solutions by 5.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,433,325 shares of the company’s stock valued at $41,266,000 after buying an additional 78,650 shares in the last quarter. Finally, Cortina Asset Management LLC grew its holdings in Civitas Solutions by 41.8% in the 2nd quarter. Cortina Asset Management LLC now owns 903,587 shares of the company’s stock valued at $18,822,000 after buying an additional 266,217 shares in the last quarter. Institutional investors own 94.19% of the company’s stock.

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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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