387,506 Shares in Civitas Solutions Inc. (CIVI) Acquired by Bank of Montreal Can
Bank of Montreal Can purchased a new stake in shares of Civitas Solutions Inc. (NYSE:CIVI) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 387,506 shares of the company’s stock, valued at approximately $8,071,000.
Several other institutional investors have also recently made changes to their positions in CIVI. Spark Investment Management LLC purchased a new position in shares of Civitas Solutions during the first quarter valued at approximately $317,000. Royce & Associates LP raised its position in Civitas Solutions by 24.8% in the first quarter. Royce & Associates LP now owns 26,200 shares of the company’s stock valued at $457,000 after buying an additional 5,200 shares during the period. Renaissance Technologies LLC raised its position in Civitas Solutions by 155.6% in the first quarter. Renaissance Technologies LLC now owns 43,703 shares of the company’s stock valued at $762,000 after buying an additional 26,603 shares during the period. JPMorgan Chase & Co. raised its position in Civitas Solutions by 31,000.9% in the first quarter. JPMorgan Chase & Co. now owns 101,700 shares of the company’s stock valued at $1,773,000 after buying an additional 101,373 shares during the period. Finally, Geode Capital Management LLC raised its position in Civitas Solutions by 7.3% in the first quarter. Geode Capital Management LLC now owns 112,583 shares of the company’s stock valued at $1,962,000 after buying an additional 7,705 shares during the period. Hedge funds and other institutional investors own 94.58% of the company’s stock.
Shares of Civitas Solutions Inc. (NYSE:CIVI) traded down 0.51% during midday trading on Friday, reaching $17.69. The company’s stock had a trading volume of 269,047 shares. The company has a market cap of $656.85 million, a P/E ratio of 60.79 and a beta of 0.45. The stock’s 50-day moving average price is $18.17 and its 200-day moving average price is $19.58. Civitas Solutions Inc. has a 12-month low of $15.19 and a 12-month high of $30.23.
Civitas Solutions (NYSE:CIVI) last posted its earnings results on Tuesday, August 9th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.07. Civitas Solutions had a return on equity of 10.98% and a net margin of 0.77%. The firm had revenue of $354 million for the quarter, compared to analyst estimates of $357.48 million. During the same period in the previous year, the company posted $0.04 EPS. Civitas Solutions’s revenue was up 2.3% on a year-over-year basis. On average, analysts expect that Civitas Solutions Inc. will post $0.36 EPS for the current fiscal year.
Several equities analysts have issued reports on the company. Citigroup Inc. lowered Civitas Solutions to a “market perform” rating in a research note on Thursday, August 11th. Raymond James Financial Inc. lowered Civitas Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 11th. Finally, Zacks Investment Research lowered Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $28.14.
In related news, CFO Denis M. Holler sold 5,000 shares of the stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $23.04, for a total transaction of $115,200.00. Following the transaction, the chief financial officer now owns 363,261 shares of the company’s stock, valued at approximately $8,369,533.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gerald J. Jr. Morrissey sold 1,500 shares of the stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $23.03, for a total value of $34,545.00. Following the transaction, the insider now directly owns 44,824 shares in the company, valued at approximately $1,032,296.72. The disclosure for this sale can be found here. Corporate insiders own 7.30% of the company’s stock.
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’s clinicians and caregivers develop customized service plans, delivered in non-institutional settings, designed to address a range of often life-long conditions.
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