Royce & Associates LP raised its stake in Civitas Solutions Inc (NYSE:CIVI) by 19.8% in the second quarter, Holdings Channel reports. The fund owned 92,323 shares of the company’s stock after purchasing an additional 15,285 shares during the quarter. Royce & Associates LP’s holdings in Civitas Solutions were worth $1,514,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new position in shares of Civitas Solutions in the fourth quarter valued at approximately $110,000. SG Americas Securities LLC acquired a new position in shares of Civitas Solutions in the second quarter valued at approximately $165,000. Jane Street Group LLC acquired a new position in shares of Civitas Solutions in the first quarter valued at approximately $157,000. Aperio Group LLC acquired a new position in shares of Civitas Solutions in the first quarter valued at approximately $161,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Civitas Solutions in the first quarter valued at approximately $242,000. 89.97% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on CIVI shares. ValuEngine downgraded Civitas Solutions from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 10th. Zacks Investment Research downgraded Civitas Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $19.80.

Civitas Solutions stock opened at $14.85 on Friday. The company has a market capitalization of $538.00 million, a PE ratio of 10.61, a PEG ratio of 1.01 and a beta of 0.57. The company has a debt-to-equity ratio of 4.19, a current ratio of 1.27 and a quick ratio of 1.27. Civitas Solutions Inc has a 1 year low of $11.15 and a 1 year high of $19.90.

In other Civitas Solutions news, insider Bruce F. Nardella sold 2,568 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $16.75, for a total transaction of $43,014.00. Following the completion of the sale, the insider now owns 585,247 shares of the company’s stock, valued at approximately $9,802,887.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce F. Nardella sold 12,005 shares of the stock in a transaction that occurred on Friday, July 6th. The shares were sold at an average price of $16.88, for a total transaction of $202,644.40. Following the sale, the insider now directly owns 597,686 shares of the company’s stock, valued at approximately $10,088,939.68. The disclosure for this sale can be found here. Insiders have sold a total of 23,346 shares of company stock valued at $391,708 in the last three months. Insiders own 5.30% of the company’s stock.

Civitas Solutions Profile

Civitas Solutions, Inc provides home- and community-based health and human services to must-serve individuals with intellectual, developmental, behavioral, and/or medically complex disabilities and challenges in the United States. It operates through Intellectual and Developmental Disabilities (I/DD), Post-Acute Specialty Rehabilitation Services (SRS), and At-Risk Youth (ARY) segments.

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

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