OxFORD Asset Management LLP boosted its stake in Civitas Solutions, Inc. (NYSE:CIVI) by 34.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 31,463 shares of the company’s stock after acquiring an additional 8,005 shares during the quarter. OxFORD Asset Management LLP owned 0.08% of Civitas Solutions worth $551,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. acquired a new stake in Civitas Solutions during the 1st quarter worth $109,000. Bank of Montreal Can boosted its position in shares of Civitas Solutions by 614.8% during the 2nd quarter. Bank of Montreal Can now owns 6,648 shares of the company’s stock valued at $116,000 after acquiring an additional 5,718 shares during the last quarter. American International Group Inc. boosted its position in shares of Civitas Solutions by 7.1% during the 1st quarter. American International Group Inc. now owns 9,298 shares of the company’s stock valued at $171,000 after acquiring an additional 617 shares during the last quarter. Martingale Asset Management L P acquired a new position in shares of Civitas Solutions during the 2nd quarter valued at about $186,000. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of Civitas Solutions during the 2nd quarter valued at about $211,000. 93.97% of the stock is currently owned by hedge funds and other institutional investors.
Civitas Solutions, Inc. (NYSE:CIVI) opened at 18.60 on Friday. The stock’s 50 day moving average price is $18.60 and its 200-day moving average price is $17.87. The firm has a market capitalization of $694.93 million, a P/E ratio of 35.77 and a beta of 0.41. Civitas Solutions, Inc. has a 12 month low of $15.40 and a 12 month high of $20.98.
Civitas Solutions (NYSE:CIVI) last released its quarterly earnings results 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 business had revenue of $377.80 million for the quarter, compared to analyst estimates of $376.51 million. Civitas Solutions had a return on equity of 17.01% and a net margin of 1.35%. Civitas Solutions’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS. On average, analysts forecast that Civitas Solutions, Inc. will post $0.69 earnings per share for the current year.
In other news, CFO Denis M. Holler sold 4,600 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $19.63, for a total value of $90,298.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Renzo Linda De sold 5,000 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $18.70, for a total value of $93,500.00. Following the completion of the transaction, the insider now directly owns 176,334 shares in the company, valued at approximately $3,297,445.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,454 shares of company stock worth $580,877. 5.30% of the stock is owned by corporate insiders.
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Several research analysts have recently weighed in on CIVI shares. BidaskClub cut shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Civitas Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Canaccord Genuity boosted their price objective on shares of Civitas Solutions from $26.00 to $27.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $25.00.
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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