New York State Common Retirement Fund reduced its holdings in shares of Civitas Solutions, Inc. (NYSE:CIVI) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,300 shares of the company’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned 0.06% of Civitas Solutions worth $373,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in CIVI. Ameriprise Financial Inc. purchased a new position in shares of Civitas Solutions during the 2nd quarter valued at approximately $1,705,000. Vanguard Group Inc. boosted its stake 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 buying an additional 55,328 shares during the last quarter. Bank of America Corp DE boosted its stake 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 buying an additional 41,052 shares during the last quarter. Cadence Capital Management LLC purchased a new position in shares of Civitas Solutions during the 2nd quarter valued at approximately $646,000. Finally, IndexIQ Advisors LLC purchased a new position in shares of Civitas Solutions during the 2nd quarter valued at approximately $452,000. Institutional investors own 94.05% of the company’s stock.
In related news, CFO Denis M. Holler sold 3,897 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $19.17, for a total transaction of $74,705.49. Following the transaction, the chief financial officer now directly owns 306,081 shares in the company, valued at $5,867,572.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Renzo Linda De sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $18.70, for a total value of $93,500.00. Following the transaction, the insider now owns 176,334 shares in the company, valued at $3,297,445.80. The disclosure for this sale can be found here. Insiders have sold 41,314 shares of company stock worth $784,974 over the last 90 days. 5.30% of the stock is currently owned by company insiders.
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Several equities analysts have recently commented on the company. BidaskClub cut Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Canaccord Genuity increased their target price on Civitas Solutions from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research upgraded Civitas Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.00.
Civitas Solutions, Inc. (CIVI) opened at $19.05 on Friday. Civitas Solutions, Inc. has a one year low of $15.40 and a one year high of $20.98. The stock has a market capitalization of $691.21, a price-to-earnings ratio of 25.34, a P/E/G ratio of 2.17 and a beta of 0.41. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.48 and a current ratio of 1.48.
Civitas Solutions 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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