Insider Selling: Civitas Solutions, Inc. (CIVI) Insider Sells $38,460.00 in Stock
Civitas Solutions, Inc. (NYSE:CIVI) insider Gerald J. Jr. Morrissey sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $19.23, for a total value of $38,460.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Civitas Solutions, Inc. (NYSE CIVI) traded up 0.79% during mid-day trading on Friday, hitting $19.05. The stock had a trading volume of 25,337 shares. Civitas Solutions, Inc. has a 12-month low of $15.40 and a 12-month high of $20.98. The stock has a 50-day moving average price of $18.69 and a 200 day moving average price of $17.81. The firm has a market cap of $711.75 million, a P/E ratio of 36.63 and a beta of 0.41.
Civitas Solutions (NYSE:CIVI) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $377.80 million during the quarter, compared to analysts’ expectations of $376.51 million. Civitas Solutions had a return on equity of 17.01% and a net margin of 1.35%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $0.13 EPS. Equities analysts anticipate that Civitas Solutions, Inc. will post $0.69 EPS for the current fiscal year.
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CIVI has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Civitas Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub upgraded Civitas Solutions from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $24.67.
Institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new stake in shares of Civitas Solutions in the 1st quarter valued at approximately $109,000. Bank of Montreal Can lifted its holdings in shares of Civitas Solutions by 614.8% in the 2nd quarter. Bank of Montreal Can now owns 6,648 shares of the company’s stock valued at $116,000 after buying an additional 5,718 shares during the period. American International Group Inc. lifted its holdings in shares of Civitas Solutions by 7.1% in the 1st 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 period. Martingale Asset Management L P acquired a new stake in shares of Civitas Solutions in the 2nd quarter valued at approximately $186,000. Finally, Parametric Portfolio Associates LLC acquired a new stake in shares of Civitas Solutions in the 2nd quarter valued at approximately $211,000. 93.97% of the stock is owned by institutional investors and hedge funds.
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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