Acadian Asset Management LLC Buys New Position in Civitas Solutions Inc (CIVI)

Acadian Asset Management LLC bought a new stake in shares of Civitas Solutions Inc (NYSE:CIVI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,578 shares of the company’s stock, valued at approximately $45,000.

Other large investors have also recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in shares of Civitas Solutions by 6.5% during the second quarter. Northern Trust Corp now owns 252,126 shares of the company’s stock worth $4,134,000 after purchasing an additional 15,297 shares during the period. First Trust Advisors LP lifted its holdings in shares of Civitas Solutions by 38.9% during the third quarter. First Trust Advisors LP now owns 23,661 shares of the company’s stock worth $349,000 after purchasing an additional 6,622 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Civitas Solutions by 544.4% during the third quarter. Bessemer Group Inc. now owns 23,200 shares of the company’s stock worth $342,000 after purchasing an additional 19,600 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Civitas Solutions by 18.6% during the third quarter. JPMorgan Chase & Co. now owns 442,991 shares of the company’s stock worth $6,533,000 after purchasing an additional 69,538 shares during the period. Finally, Martingale Asset Management L P lifted its holdings in shares of Civitas Solutions by 476.6% during the third quarter. Martingale Asset Management L P now owns 62,920 shares of the company’s stock worth $929,000 after purchasing an additional 52,008 shares during the period. 95.12% of the stock is currently owned by institutional investors.

CIVI has been the subject of a number of analyst reports. Canaccord Genuity downgraded Civitas Solutions from a “buy” rating to a “hold” rating and decreased their price target for the company from $19.00 to $17.75 in a report on Thursday, December 20th. Zacks Investment Research downgraded Civitas Solutions from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. ValuEngine raised Civitas Solutions from a “strong sell” rating to a “sell” rating in a report on Saturday, December 15th. Finally, SunTrust Banks downgraded Civitas Solutions from a “buy” rating to a “hold” rating in a report on Friday, December 21st.

In other news, insider Bruce F. Nardella sold 71,393 shares of the business’s stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $17.58, for a total value of $1,255,088.94. Following the completion of the sale, the insider now directly owns 548,838 shares in the company, valued at $9,648,572.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey Michael Cohen sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $14.39, for a total value of $28,780.00. Following the completion of the sale, the insider now owns 78,385 shares of the company’s stock, valued at $1,127,960.15. The disclosure for this sale can be found here. Insiders own 4.76% of the company’s stock.

Shares of NYSE:CIVI opened at $17.76 on Friday. Civitas Solutions Inc has a 12-month low of $12.10 and a 12-month high of $17.89. The company has a market capitalization of $644.87 million, a price-to-earnings ratio of 11.84, a P/E/G ratio of 2.68 and a beta of -0.03. The company has a debt-to-equity ratio of 4.03, a current ratio of 1.38 and a quick ratio of 1.38.

Civitas Solutions (NYSE:CIVI) last announced its quarterly earnings results on Thursday, December 13th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.09. Civitas Solutions had a return on equity of 36.04% and a net margin of 0.74%. The company had revenue of $409.50 million during the quarter, compared to the consensus estimate of $406.61 million. During the same period in the previous year, the company posted ($0.29) earnings per share. Civitas Solutions’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that Civitas Solutions Inc will post 0.66 EPS for the current year.

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About Civitas Solutions

Civitas Solutions, Inc provides home- and community-based health and human services to must-serve individuals with intellectual, developmental, behavioral, and/or medically complex challenges in the United States. It operates through three segments: Community Support Services (CSS), Specialty Rehabilitation Services (SRS), and Children & Family Services (CFS).

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

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