Civitas Solutions, Inc. (CIVI) Position Lessened by Bank of New York Mellon Corp
Bank of New York Mellon Corp trimmed its holdings in shares of Civitas Solutions, Inc. (NYSE:CIVI) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,282 shares of the company’s stock after selling 252 shares during the quarter. Bank of New York Mellon Corp owned 0.21% of Civitas Solutions worth $1,370,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. FMR LLC increased its position in shares of Civitas Solutions by 2.1% during the 1st quarter. FMR LLC now owns 5,535,477 shares of the company’s stock worth $101,577,000 after purchasing an additional 112,366 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in Civitas Solutions by 55.8% during the 1st quarter. Nuveen Asset Management LLC now owns 741,979 shares of the company’s stock valued at $13,615,000 after acquiring an additional 265,884 shares during the period. Vanguard Group Inc. boosted its holdings in Civitas Solutions by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 712,735 shares of the company’s stock valued at $13,079,000 after acquiring an additional 55,328 shares during the period. Geode Capital Management LLC boosted its holdings in Civitas Solutions by 3.6% during the 1st quarter. Geode Capital Management LLC now owns 124,815 shares of the company’s stock valued at $2,290,000 after acquiring an additional 4,394 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Civitas Solutions by 14.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 124,309 shares of the company’s stock valued at $2,280,000 after acquiring an additional 15,822 shares during the period. 93.97% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on CIVI. Zacks Investment Research cut Civitas Solutions from a “hold” rating to a “sell” rating in a report on Friday, August 11th. BidaskClub cut Civitas Solutions from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $24.67.
Civitas Solutions, Inc. (NYSE:CIVI) opened at 18.45 on Friday. Civitas Solutions, Inc. has a one year low of $15.40 and a one year high of $20.98. The stock has a market capitalization of $689.33 million, a PE ratio of 35.48 and a beta of 0.41. The company’s 50-day moving average price is $18.64 and its 200-day moving average price is $17.86.
Civitas Solutions (NYSE:CIVI) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The company had revenue of $377.80 million during the quarter, compared to analyst estimates of $376.51 million. Civitas Solutions had a return on equity of 17.01% and a net margin of 1.35%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share. Equities research analysts predict that Civitas Solutions, Inc. will post $0.69 EPS for the current year.
In other Civitas Solutions news, insider Renzo Linda De sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $18.70, for a total transaction of $93,500.00. Following the completion of the sale, the insider now directly owns 176,334 shares in the company, valued at $3,297,445.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Denis M. Holler sold 6,429 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $5,950,922.14. The disclosure for this sale can be found here. Insiders have sold 36,983 shares of company stock valued at $705,774 over the last 90 days. 5.30% of the stock is currently owned by insiders.
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 operates through two segments: Human Services and Post-Acute Specialty Rehabilitation Services (SRS).
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