Driehaus Capital Management LLC cut its holdings in Civitas Solutions (NYSE:CIVI) by 61.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,569 shares of the company’s stock after selling 26,800 shares during the quarter. Driehaus Capital Management LLC’s holdings in Civitas Solutions were worth $283,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in shares of Civitas Solutions by 68.8% during the fourth quarter. Renaissance Technologies LLC now owns 90,500 shares of the company’s stock valued at $1,548,000 after purchasing an additional 36,900 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Civitas Solutions by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 140,557 shares of the company’s stock valued at $2,403,000 after purchasing an additional 5,039 shares in the last quarter. Eversept Partners LLC acquired a new stake in shares of Civitas Solutions during the fourth quarter valued at about $402,000. Martingale Asset Management L P boosted its stake in shares of Civitas Solutions by 35.3% during the fourth quarter. Martingale Asset Management L P now owns 64,427 shares of the company’s stock valued at $1,102,000 after purchasing an additional 16,813 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Civitas Solutions by 0.9% during the fourth quarter. BlackRock Inc. now owns 907,853 shares of the company’s stock valued at $15,525,000 after purchasing an additional 8,209 shares in the last quarter. 94.61% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on CIVI shares. Canaccord Genuity cut their price target on Civitas Solutions from $27.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. SunTrust Banks set a $21.00 price objective on Civitas Solutions and gave the stock a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research lowered Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. Raymond James Financial raised Civitas Solutions from a “market perform” rating to an “outperform” rating in a research note on Friday, February 2nd. Finally, Citigroup raised Civitas Solutions to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Friday, February 2nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Civitas Solutions presently has an average rating of “Buy” and a consensus price target of $20.00.
Shares of Civitas Solutions stock traded down $0.40 during midday trading on Friday, reaching $15.10. The company had a trading volume of 84,500 shares, compared to its average volume of 161,986. The company has a debt-to-equity ratio of 3.99, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $566.96, a P/E ratio of 16.97, a P/E/G ratio of 1.78 and a beta of 0.55. Civitas Solutions has a fifty-two week low of $11.15 and a fifty-two week high of $19.90.
Civitas Solutions (NYSE:CIVI) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.17. The company had revenue of $395.42 million for the quarter, compared to analyst estimates of $390.05 million. Civitas Solutions had a return on equity of 19.77% and a net margin of 0.76%. equities analysts anticipate that Civitas Solutions will post 0.85 earnings per share for the current fiscal year.
Civitas Solutions announced that its Board of Directors has authorized a share buyback program on Thursday, February 8th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
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Civitas Solutions Company Profile
Civitas Solutions, Inc provides home- and community-based health and human services to must-serve individuals with intellectual, developmental, behavioral, and/or medically complex disabilities and challenges in the United States. It operates through Intellectual and Developmental Disabilities (I/DD), Post-Acute Specialty Rehabilitation Services (SRS), and At-Risk Youth (ARY) segments.
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