Civitas Solutions, Inc. (NYSE:CIVI) Shares Bought by State Street Corp

State Street Corp raised its holdings in Civitas Solutions, Inc. (NYSE:CIVI) by 14.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 270,368 shares of the company’s stock after buying an additional 33,779 shares during the period. State Street Corp owned approximately 0.72% of Civitas Solutions worth $4,738,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can raised its stake in Civitas Solutions by 614.8% during the 2nd 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 in the last quarter. Victory Capital Management Inc. raised its stake in Civitas Solutions by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,982 shares of the company’s stock worth $122,000 after acquiring an additional 1,047 shares in the last quarter. Martingale Asset Management L P acquired a new stake in Civitas Solutions during the 2nd quarter worth $186,000. Parametric Portfolio Associates LLC acquired a new stake in Civitas Solutions during the 2nd quarter worth $211,000. Finally, Alliancebernstein L.P. raised its stake in Civitas Solutions by 3.1% during the 1st quarter. Alliancebernstein L.P. now owns 16,750 shares of the company’s stock worth $307,000 after acquiring an additional 500 shares in the last quarter. 94.19% of the stock is owned by institutional investors.

In other news, CFO Denis M. Holler sold 12,238 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $19.75, for a total value of $241,700.50. Following the completion of the transaction, the chief financial officer now directly owns 277,502 shares in the company, valued at $5,480,664.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gerald J. Jr. Morrissey sold 2,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $19.23, for a total transaction of $38,460.00. The disclosure for this sale can be found here. In the last three months, insiders sold 46,350 shares of company stock valued at $894,821. Company insiders own 5.30% of the company’s stock.

Shares of Civitas Solutions, Inc. (NYSE:CIVI) opened at $18.20 on Friday. Civitas Solutions, Inc. has a fifty-two week low of $15.40 and a fifty-two week high of $20.98. The stock has a market cap of $661.32, a PE ratio of 24.93, a price-to-earnings-growth ratio of 2.27 and a beta of 0.43. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.19 and a quick ratio of 1.48.

CIVI has been the topic of several research analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $27.00 price target on shares of Civitas Solutions in a research note on Wednesday. Zacks Investment Research upgraded shares of Civitas Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, BidaskClub lowered shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Civitas Solutions presently has an average rating of “Hold” and a consensus 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).

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

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