State Street Corp increased its holdings in shares of Civitas Solutions, Inc. (NYSE:CIVI) by 14.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 270,368 shares of the company’s stock after acquiring an additional 33,779 shares during the quarter. State Street Corp owned about 0.72% of Civitas Solutions worth $4,738,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of CIVI. Bank of Montreal Can boosted its position in Civitas Solutions by 614.8% during the second quarter. Bank of Montreal Can now owns 6,648 shares of the company’s stock worth $116,000 after acquiring an additional 5,718 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Civitas Solutions by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,982 shares of the company’s stock valued at $122,000 after purchasing an additional 1,047 shares during the last quarter. Martingale Asset Management L P acquired a new position in Civitas Solutions in the 2nd quarter valued at about $186,000. Parametric Portfolio Associates LLC acquired a new position in Civitas Solutions in the 2nd quarter valued at about $211,000. Finally, Rhumbline Advisers boosted its holdings in Civitas Solutions by 7.1% in the 2nd quarter. Rhumbline Advisers now owns 16,897 shares of the company’s stock valued at $296,000 after purchasing an additional 1,115 shares during the last quarter. Hedge funds and other institutional investors own 94.19% of the company’s stock.
Civitas Solutions, Inc. (NYSE:CIVI) opened at $19.20 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 3.64. The firm has a market cap of $708.03, a PE ratio of 25.96, a price-to-earnings-growth ratio of 2.22 and a beta of 0.43. Civitas Solutions, Inc. has a fifty-two week low of $15.40 and a fifty-two week high of $20.98.
In other news, CFO Denis M. Holler sold 4,600 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $19.63, for a total value of $90,298.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Denis M. Holler sold 7,148 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $19.63, for a total transaction of $140,315.24. Following the completion of the transaction, the chief financial officer now owns 287,762 shares in the company, valued at $5,648,768.06. The disclosure for this sale can be found here. Insiders sold a total of 34,188 shares of company stock worth $654,743 over the last quarter. 5.30% of the stock is currently owned by company insiders.
Several research firms have weighed in on CIVI. BidaskClub upgraded shares of Civitas Solutions from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Zacks Investment Research lowered shares of Civitas Solutions from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Canaccord Genuity boosted their target price on shares of Civitas Solutions from $26.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $25.00.
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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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