Swiss National Bank Has $502,000 Position in Civitas Solutions Inc. (CIVI)
Swiss National Bank maintained its stake in shares of Civitas Solutions Inc. (NYSE:CIVI) during the second quarter, Holdings Channel reports. The fund owned 24,100 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned about 0.06% of Civitas Solutions worth $502,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Spark Investment Management LLC purchased a new stake in shares of Civitas Solutions during the first quarter worth approximately $317,000. Royce & Associates LP raised its position in shares of 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 last quarter. California State Teachers Retirement System raised its position in shares of Civitas Solutions by 27.7% in the second quarter. California State Teachers Retirement System now owns 31,661 shares of the company’s stock valued at $659,000 after buying an additional 6,868 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of 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 last quarter. Finally, Rice Hall James & Associates LLC bought a new position in shares of Civitas Solutions during the second quarter valued at $1,678,000. Hedge funds and other institutional investors own 94.58% of the company’s stock.
Civitas Solutions Inc. (NYSE:CIVI) traded down 1.24% during trading on Friday, reaching $18.30. 33,655 shares of the company were exchanged. The firm’s 50 day moving average price is $18.13 and its 200-day moving average price is $19.63. Civitas Solutions Inc. has a one year low of $15.19 and a one year high of $30.23. The stock has a market capitalization of $679.50 million, a price-to-earnings ratio of 62.89 and a beta of 0.45.
Civitas Solutions (NYSE:CIVI) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.07. The firm had revenue of $354 million for the quarter, compared to analysts’ expectations of $357.48 million. Civitas Solutions had a return on equity of 10.98% and a net margin of 0.77%. Civitas Solutions’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 earnings per share. On average, equities research analysts predict that Civitas Solutions Inc. will post $0.36 earnings per share for the current year.
Several brokerages have recently weighed in 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 11th. Raymond James Financial Inc. lowered shares of Civitas Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 11th. Finally, Citigroup Inc. lowered shares of Civitas Solutions to a “market perform” rating in a research report on Thursday, August 11th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Civitas Solutions currently has an average rating of “Buy” and a consensus target price of $28.14.
In other Civitas Solutions news, insider Kathleen P. Federico sold 1,500 shares of Civitas Solutions stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $23.03, for a total transaction of $34,545.00. Following the transaction, the insider now directly owns 167,595 shares of the company’s stock, valued at approximately $3,859,712.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dwight D. Robson sold 4,154 shares of Civitas Solutions stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $23.03, for a total transaction of $95,666.62. Following the transaction, the insider now directly owns 162,957 shares in the company, valued at $3,752,899.71. The disclosure for this sale can be found here. Company insiders own 7.30% of the company’s stock.
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’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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