Insider Selling: Civitas Solutions, Inc. (CIVI) CFO Sells $241,700.50 in Stock

Civitas Solutions, Inc. (NYSE:CIVI) CFO Denis M. Holler sold 12,238 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $19.75, for a total transaction of $241,700.50. Following the completion of the transaction, the chief financial officer now owns 277,502 shares in the company, valued at $5,480,664.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Civitas Solutions, Inc. (NYSE CIVI) opened at $17.45 on Friday. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.19 and a quick ratio of 1.48. Civitas Solutions, Inc. has a 52-week low of $15.40 and a 52-week high of $20.98. The firm has a market cap of $650.12, a P/E ratio of 24.51, a price-to-earnings-growth ratio of 2.25 and a beta of 0.43.

Several research analysts have weighed in on the stock. BidaskClub downgraded shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Canaccord Genuity increased their price target on shares of Civitas Solutions from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of Civitas Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. raised its position in Civitas Solutions by 0.4% in the second quarter. Citigroup Inc. now owns 17,022 shares of the company’s stock worth $298,000 after acquiring an additional 74 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Civitas Solutions by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 77,484 shares of the company’s stock valued at $1,356,000 after purchasing an additional 380 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Civitas Solutions by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,822 shares of the company’s stock valued at $242,000 after purchasing an additional 630 shares during the period. Victory Capital Management Inc. raised its position in shares of Civitas Solutions by 17.6% during 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 period. Finally, Rhumbline Advisers raised its position in shares of Civitas Solutions by 7.1% during 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 period. Institutional investors and hedge funds own 94.19% of the company’s stock.

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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).

Insider Buying and Selling by Quarter for Civitas Solutions (NYSE:CIVI)

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