Denis M. Holler Sells 6,429 Shares of Civitas Solutions, Inc. (NYSE:CIVI) Stock

Civitas Solutions, Inc. (NYSE:CIVI) CFO Denis M. Holler sold 6,429 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $19.13, for a total transaction of $122,986.77. Following the completion of the transaction, the chief financial officer now owns 311,078 shares in the company, valued at $5,950,922.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Civitas Solutions, Inc. (NYSE CIVI) opened at 18.10 on Friday. Civitas Solutions, Inc. has a 52 week low of $15.40 and a 52 week high of $20.98. The firm has a market cap of $676.25 million, a PE ratio of 34.81 and a beta of 0.45. The stock has a 50 day moving average of $17.85 and a 200 day moving average of $17.66.

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

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CIVI has been the topic of several research analyst reports. BidaskClub cut shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Zacks Investment Research cut shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $23.50.

Several large investors have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Civitas Solutions by 1.1% in the second quarter. FMR LLC now owns 5,596,978 shares of the company’s stock valued at $97,947,000 after buying an additional 61,501 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Civitas Solutions by 55.8% in the first quarter. Nuveen Asset Management LLC now owns 741,979 shares of the company’s stock valued at $13,615,000 after buying an additional 265,884 shares in the last quarter. Vanguard Group Inc. increased its stake in Civitas Solutions by 1.0% in the second quarter. Vanguard Group Inc. now owns 719,953 shares of the company’s stock valued at $12,600,000 after buying an additional 7,218 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in Civitas Solutions by 0.5% in the first quarter. Jupiter Asset Management Ltd. now owns 295,445 shares of the company’s stock valued at $5,421,000 after buying an additional 1,350 shares in the last quarter. Finally, State Street Corp increased its stake in Civitas Solutions by 14.5% in the fourth quarter. State Street Corp now owns 272,207 shares of the company’s stock valued at $5,420,000 after buying an additional 34,540 shares in the last quarter. Hedge funds and other institutional investors own 93.13% 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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