Civitas Solutions, Inc. (NYSE:CIVI) CFO Denis M. Holler sold 5,300 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $19.10, for a total value of $101,230.00. Following the completion of the transaction, the chief financial officer now owns 318,144 shares in the company, valued at approximately $6,076,550.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Civitas Solutions, Inc. (NYSE:CIVI) opened at 19.15 on Friday. Civitas Solutions, Inc. has a one year low of $15.40 and a one year high of $23.16. The stock has a market cap of $714.54 million, a price-to-earnings ratio of 41.72 and a beta of 0.44. The firm has a 50-day moving average price of $17.48 and a 200-day moving average price of $17.91.
Civitas Solutions (NYSE:CIVI) last released its quarterly earnings data on Wednesday, May 10th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.01. Civitas Solutions had a return on equity of 16.20% and a net margin of 1.19%. The business had revenue of $362.40 million for the quarter, compared to analyst estimates of $368.83 million. During the same quarter last year, the company earned $0.20 EPS. Civitas Solutions’s revenue was up 4.8% compared to the same quarter last year. Analysts anticipate that Civitas Solutions, Inc. will post $0.71 earnings per share for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its stake in shares of Civitas Solutions by 614.8% in the second quarter. Bank of Montreal Can now owns 6,648 shares of the company’s stock valued at $116,000 after buying an additional 5,718 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of 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 during the last quarter. Driehaus Capital Management LLC raised its stake in shares of Civitas Solutions by 2.3% in the first quarter. Driehaus Capital Management LLC now owns 57,150 shares of the company’s stock valued at $1,049,000 after buying an additional 1,300 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Civitas Solutions by 507.8% in the first quarter. Bank of America Corp DE now owns 49,137 shares of the company’s stock valued at $901,000 after buying an additional 41,052 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Civitas Solutions by 4.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 77,104 shares of the company’s stock valued at $1,415,000 after buying an additional 3,420 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.
Separately, Zacks Investment Research upgraded Civitas Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Civitas Solutions has an average rating of “Hold” and an average target price of $23.50.
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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