TIAA CREF Investment Management LLC Raises Stake in Civitas Solutions, Inc. (NYSE:CIVI)
TIAA CREF Investment Management LLC boosted its stake in Civitas Solutions, Inc. (NYSE:CIVI) by 7.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,158 shares of the company’s stock after buying an additional 6,219 shares during the period. TIAA CREF Investment Management LLC’s holdings in Civitas Solutions were worth $1,691,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. boosted its stake in Civitas Solutions by 26.0% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 18,400 shares of the company’s stock valued at $336,000 after buying an additional 3,800 shares during the last quarter. American International Group Inc. boosted its stake in Civitas Solutions by 7.1% in the first quarter. American International Group Inc. now owns 9,298 shares of the company’s stock valued at $171,000 after buying an additional 617 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Civitas Solutions during the first quarter valued at $109,000. Alambic Investment Management L.P. purchased a new stake in Civitas Solutions during the first quarter valued at $242,000. Finally, Oxford Asset Management boosted its stake in Civitas Solutions by 64.4% in the first quarter. Oxford Asset Management now owns 23,458 shares of the company’s stock valued at $430,000 after buying an additional 9,189 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.
Civitas Solutions, Inc. (CIVI) opened at 17.50 on Thursday. The company has a market cap of $652.98 million, a price-to-earnings ratio of 38.13 and a beta of 0.45. The firm’s 50-day moving average price is $17.74 and its 200-day moving average price is $17.72. Civitas Solutions, Inc. has a 1-year low of $15.40 and a 1-year high of $20.98.
Civitas Solutions (NYSE:CIVI) last posted its earnings results on Wednesday, May 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01. The company had revenue of $362.40 million for the quarter, compared to analysts’ expectations of $368.83 million. Civitas Solutions had a return on equity of 16.20% and a net margin of 1.19%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. Equities research analysts forecast that Civitas Solutions, Inc. will post $0.71 EPS for the current fiscal year.
Several analysts recently weighed in on the company. Zacks Investment Research cut Civitas Solutions from a “hold” rating to a “sell” rating in a report on Monday, May 15th. BidaskClub cut Civitas Solutions from a “hold” rating to a “sell” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Civitas Solutions has an average rating of “Hold” and an average price target of $23.50.
In related news, CFO Denis M. Holler sold 6,429 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $19.13, for a total value of $122,986.77. Following the sale, the chief financial officer now owns 311,078 shares in the company, valued at $5,950,922.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Denis M. Holler sold 6,937 shares of the stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $19.10, for a total value of $132,496.70. Following the completion of the sale, the chief financial officer now owns 318,144 shares in the company, valued at approximately $6,076,550.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,766 shares of company stock worth $564,273. Company insiders own 5.30% 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 operates through two segments: Human Services and Post-Acute Specialty Rehabilitation Services (SRS).
Want to see what other hedge funds are holding CIVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Civitas Solutions, Inc. (NYSE:CIVI).
Receive News & Ratings for Civitas Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civitas Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.