Spark Investment Management LLC lowered its position in Civitas Solutions, Inc. (NYSE:CIVI) by 33.0% during the second quarter, Holdings Channel reports. The fund owned 37,700 shares of the company’s stock after selling 18,600 shares during the period. Spark Investment Management LLC’s holdings in Civitas Solutions were worth $659,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Acrospire Investment Management LLC raised its stake in Civitas Solutions by 19.3% in the first quarter. Acrospire Investment Management LLC now owns 5,557 shares of the company’s stock worth $102,000 after buying an additional 900 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Civitas Solutions during the first quarter worth $109,000. Bank of Montreal Can raised its stake in Civitas Solutions by 614.8% in the second quarter. Bank of Montreal Can now owns 6,648 shares of the company’s stock worth $116,000 after buying an additional 5,718 shares during the last quarter. American International Group Inc. raised 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 worth $171,000 after buying an additional 617 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in Civitas Solutions during the first quarter worth $222,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Civitas Solutions, Inc. (CIVI) opened at 18.10 on Friday. The stock has a 50 day moving average of $17.77 and a 200-day moving average of $17.71. The firm has a market cap of $676.25 million, a P/E ratio of 34.81 and a beta of 0.45. Civitas Solutions, Inc. has a 12 month low of $15.40 and a 12 month high of $20.98.

Civitas Solutions (NYSE:CIVI) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Civitas Solutions had a net margin of 1.35% and a return on equity of 17.01%. The business had revenue of $377.80 million for the quarter, compared to analysts’ expectations of $376.51 million. During the same period last year, the business earned $0.13 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts predict that Civitas Solutions, Inc. will post $0.71 earnings per share for the current fiscal year.

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A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Civitas Solutions from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub lowered shares of Civitas Solutions from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Civitas Solutions has a consensus rating of “Hold” and a consensus price target of $23.50.

In other Civitas Solutions news, CFO Denis M. Holler sold 6,429 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $19.13, for a total transaction of $122,986.77. Following the transaction, the chief financial officer now directly 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 can be accessed through this hyperlink. Also, insider Renzo Linda De sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $18.83, for a total transaction of $188,300.00. Following the transaction, the insider now owns 181,334 shares in the company, valued at $3,414,519.22. The disclosure for this sale can be found here. Insiders have sold 29,766 shares of company stock worth $564,273 over the last quarter. 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).

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Institutional Ownership by Quarter for Civitas Solutions (NYSE:CIVI)

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