TimesSquare Capital Management LLC Reduces Position in Civitas Solutions, Inc. (CIVI)

TimesSquare Capital Management LLC reduced its position in shares of Civitas Solutions, Inc. (NYSE:CIVI) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,235,555 shares of the company’s stock after selling 23,200 shares during the period. TimesSquare Capital Management LLC owned about 5.99% of Civitas Solutions worth $39,122,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CIVI. Nuveen Asset Management LLC raised its position in shares of Civitas Solutions by 55.8% during the 1st quarter. Nuveen Asset Management LLC now owns 741,979 shares of the company’s stock valued at $13,615,000 after acquiring an additional 265,884 shares in the last quarter. FMR LLC raised its position in shares of Civitas Solutions by 2.1% during the 1st quarter. FMR LLC now owns 5,535,477 shares of the company’s stock valued at $101,577,000 after acquiring an additional 112,366 shares in the last quarter. Spark Investment Management LLC acquired a new stake in shares of Civitas Solutions during the 1st quarter valued at approximately $1,033,000. Vanguard Group Inc. raised its position in shares of Civitas Solutions by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 712,735 shares of the company’s stock valued at $13,079,000 after acquiring an additional 55,328 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Civitas Solutions by 507.8% during the 1st quarter. Bank of America Corp DE now owns 49,137 shares of the company’s stock valued at $901,000 after acquiring an additional 41,052 shares in the last quarter. 93.97% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Denis M. Holler sold 6,937 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $19.10, for a total transaction of $132,496.70. 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Denis M. Holler sold 3,897 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $19.17, for a total value of $74,705.49. Following the transaction, the chief financial officer now owns 306,081 shares of the company’s stock, valued at approximately $5,867,572.77. The disclosure for this sale can be found here. Insiders have sold a total of 45,096 shares of company stock valued at $855,414 in the last 90 days. 5.30% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION WARNING: “TimesSquare Capital Management LLC Reduces Position in Civitas Solutions, Inc. (CIVI)” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international trademark and copyright legislation. The legal version of this article can be read at https://sportsperspectives.com/2017/09/10/timessquare-capital-management-llc-reduces-position-in-civitas-solutions-inc-civi.html.

Several equities research analysts recently issued reports on CIVI shares. Zacks Investment Research raised Civitas Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub raised Civitas Solutions from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $23.50.

Civitas Solutions, Inc. (NYSE CIVI) opened at 18.25 on Friday. The company has a market capitalization of $681.86 million, a P/E ratio of 35.10 and a beta of 0.43. The company’s 50-day moving average price is $18.14 and its 200-day moving average price is $17.68. Civitas Solutions, Inc. has a 52 week low of $15.40 and a 52 week high of $20.98.

Civitas Solutions (NYSE:CIVI) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. The company had revenue of $377.80 million during the quarter, compared to the consensus estimate of $376.51 million. Civitas Solutions had a return on equity of 17.01% and a net margin of 1.35%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.13 EPS. On average, equities analysts forecast that Civitas Solutions, Inc. will post $0.68 EPS for the current fiscal year.

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)

Receive News & Ratings for Civitas Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civitas Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply