GSA Capital Partners LLP Acquires New Holdings in Civitas Solutions Inc (CIVI)

GSA Capital Partners LLP acquired a new position in Civitas Solutions Inc (NYSE:CIVI) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,728 shares of the company’s stock, valued at approximately $242,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC bought a new position in Civitas Solutions in the 4th quarter valued at about $110,000. Macquarie Group Ltd. bought a new position in Civitas Solutions in the 4th quarter valued at about $112,000. Aperio Group LLC bought a new position in Civitas Solutions in the 1st quarter valued at about $161,000. Balter Liquid Alternatives LLC bought a new position in Civitas Solutions in the 1st quarter valued at about $178,000. Finally, Spark Investment Management LLC grew its position in Civitas Solutions by 44.0% in the 1st quarter. Spark Investment Management LLC now owns 18,000 shares of the company’s stock valued at $277,000 after buying an additional 5,500 shares in the last quarter. 91.47% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider David M. Petersen sold 3,614 shares of the firm’s stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $15.38, for a total transaction of $55,583.32. Following the completion of the transaction, the insider now owns 266,554 shares in the company, valued at approximately $4,099,600.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 5.30% of the company’s stock.

Shares of Civitas Solutions opened at $16.40 on Friday, according to Marketbeat.com. The stock has a market capitalization of $603.27 million, a P/E ratio of 23.10, a P/E/G ratio of 1.45 and a beta of 0.61. The company has a debt-to-equity ratio of 4.11, a current ratio of 1.23 and a quick ratio of 1.23. Civitas Solutions Inc has a 52-week low of $11.15 and a 52-week high of $19.90.

Civitas Solutions (NYSE:CIVI) last announced its earnings results on Thursday, May 10th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.24. The firm had revenue of $392.80 million during the quarter, compared to analyst estimates of $397.00 million. Civitas Solutions had a net margin of 0.23% and a return on equity of 23.72%. Civitas Solutions’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. equities research analysts expect that Civitas Solutions Inc will post 1.14 EPS for the current fiscal year.

Separately, ValuEngine lowered shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, April 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.00.

Civitas Solutions 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.

Institutional Ownership by Quarter for Civitas Solutions (NYSE:CIVI)

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