Civitas Solutions, Inc. (NYSE:CIVI) insider Gerald J. Jr. Morrissey sold 1,000 shares of Civitas Solutions stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $18.95, for a total value of $18,950.00. Following the transaction, the insider now owns 49,165 shares of the company’s stock, valued at approximately $931,676.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Civitas Solutions, Inc. (NYSE CIVI) traded down 3.82% during trading on Wednesday, reaching $18.90. The company had a trading volume of 60,600 shares. The company has a 50-day moving average price of $18.64 and a 200 day moving average price of $17.79. The company has a market capitalization of $706.14 million, a price-to-earnings ratio of 36.35 and a beta of 0.41. Civitas Solutions, Inc. has a one year low of $15.40 and a one year high of $20.98.

Civitas Solutions (NYSE:CIVI) last released its earnings results on Wednesday, August 9th. The company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. Civitas Solutions had a net margin of 1.35% and a return on equity of 17.01%. The firm had revenue of $377.80 million during the quarter, compared to the consensus estimate of $376.51 million. During the same period in the prior year, the firm earned $0.13 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that Civitas Solutions, Inc. will post $0.69 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of Civitas Solutions by 507.8% during the 1st quarter. Bank of America Corp DE now owns 49,137 shares of the company’s stock valued at $901,000 after acquiring an additional 41,052 shares during the period. Driehaus Capital Management LLC grew its position in shares of Civitas Solutions by 2.3% during the 1st quarter. Driehaus Capital Management LLC now owns 57,150 shares of the company’s stock valued at $1,049,000 after acquiring an additional 1,300 shares during the period. Royce & Associates LP grew its position in shares of Civitas Solutions by 20.1% during the 2nd quarter. Royce & Associates LP now owns 42,388 shares of the company’s stock valued at $742,000 after acquiring an additional 7,098 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Civitas Solutions by 4.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 77,104 shares of the company’s stock valued at $1,415,000 after acquiring an additional 3,420 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of 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.

CIVI has been the subject of a number of research analyst reports. BidaskClub cut Civitas Solutions from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Zacks Investment Research upgraded Civitas Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.67.

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).

Insider Buying and Selling by Quarter for Civitas Solutions (NYSE:CIVI)

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