Strs Ohio Buys 25,300 Shares of Civitas Solutions Inc (CIVI)

Strs Ohio lifted its stake in Civitas Solutions Inc (NYSE:CIVI) by 366.7% during the fourth quarter, Holdings Channel reports. The fund owned 32,200 shares of the company’s stock after buying an additional 25,300 shares during the period. Strs Ohio’s holdings in Civitas Solutions were worth $550,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Citigroup Inc. grew its holdings in Civitas Solutions by 0.4% during the second quarter. Citigroup Inc. now owns 17,022 shares of the company’s stock worth $298,000 after purchasing an additional 74 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Civitas Solutions by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 77,484 shares of the company’s stock worth $1,356,000 after purchasing an additional 380 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Civitas Solutions by 4.8% during the second quarter. The Manufacturers Life Insurance Company now owns 13,822 shares of the company’s stock worth $242,000 after purchasing an additional 630 shares during the period. Alliancebernstein L.P. grew its holdings in Civitas Solutions by 7.8% during the second quarter. Alliancebernstein L.P. now owns 18,050 shares of the company’s stock worth $316,000 after purchasing an additional 1,300 shares during the period. Finally, Teachers Advisors LLC grew its holdings in Civitas Solutions by 6.0% during the second quarter. Teachers Advisors LLC now owns 26,145 shares of the company’s stock worth $458,000 after purchasing an additional 1,473 shares during the period. 93.85% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Renzo Linda De sold 4,155 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $18.75, for a total transaction of $77,906.25. Following the completion of the sale, the insider now owns 162,893 shares in the company, valued at $3,054,243.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Denis M. Holler sold 12,238 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $19.75, for a total value of $241,700.50. Following the sale, the chief financial officer now owns 277,502 shares of the company’s stock, valued at approximately $5,480,664.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,197 shares of company stock valued at $586,236. Corporate insiders own 5.30% of the company’s stock.

A number of equities analysts recently commented on CIVI shares. SunTrust Banks set a $21.00 price target on Civitas Solutions and gave the stock a “buy” rating in a report on Thursday, December 21st. Zacks Investment Research cut Civitas Solutions from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Canaccord Genuity reiterated a “buy” rating and set a $27.00 price target on shares of Civitas Solutions in a report on Wednesday, December 13th. Raymond James Financial upgraded Civitas Solutions from a “market perform” rating to an “outperform” rating in a report on Friday, February 2nd. Finally, Citigroup upgraded Civitas Solutions to an “outperform” rating and set a $21.00 price target for the company in a report on Friday, February 2nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $20.00.

Civitas Solutions Inc (NYSE CIVI) opened at $11.35 on Friday. Civitas Solutions Inc has a 1-year low of $11.15 and a 1-year high of $19.95. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 3.83. The company has a market capitalization of $426.16, a PE ratio of 12.75, a P/E/G ratio of 1.39 and a beta of 0.42.

Civitas Solutions (NYSE:CIVI) last posted its quarterly earnings results on Tuesday, December 12th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Civitas Solutions had a return on equity of 20.03% and a net margin of 0.76%. analysts forecast that Civitas Solutions Inc will post 0.82 EPS for the current fiscal year.

Civitas Solutions announced that its Board of Directors has initiated a share repurchase program on Thursday, February 8th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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

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