Millennium Management LLC boosted its stake in Civitas Solutions Inc (NYSE:CIVI) by 192.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 249,326 shares of the company’s stock after purchasing an additional 164,106 shares during the period. Millennium Management LLC owned about 0.69% of Civitas Solutions worth $4,366,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in CIVI. First Quadrant L P CA grew its position in shares of Civitas Solutions by 15.5% in the 4th quarter. First Quadrant L P CA now owns 6,740 shares of the company’s stock worth $118,000 after buying an additional 907 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Civitas Solutions by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 184,114 shares of the company’s stock worth $3,222,000 after buying an additional 911 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Civitas Solutions by 1,248.5% in the 4th quarter. Macquarie Group Ltd. now owns 2,697 shares of the company’s stock worth $47,000 after buying an additional 2,497 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Civitas Solutions in the 4th quarter worth approximately $45,000. Finally, California Public Employees Retirement System grew its position in shares of Civitas Solutions by 5.4% in the 4th quarter. California Public Employees Retirement System now owns 61,320 shares of the company’s stock worth $1,074,000 after buying an additional 3,169 shares during the last quarter. 95.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of CIVI stock opened at $17.76 on Wednesday. The company has a market capitalization of $644.87 million, a PE ratio of 11.84, a price-to-earnings-growth ratio of 2.68 and a beta of -0.03. Civitas Solutions Inc has a fifty-two week low of $12.10 and a fifty-two week high of $17.89. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.38 and a current ratio of 1.38.
Civitas Solutions (NYSE:CIVI) last released its quarterly earnings results on Monday, February 4th. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.33. Civitas Solutions had a return on equity of 36.04% and a net margin of 0.74%. The company had revenue of $406.63 million for the quarter, compared to analyst estimates of $413.86 million. Research analysts forecast that Civitas Solutions Inc will post 0.66 earnings per share for the current year.
A number of equities research analysts have recently weighed in on CIVI shares. Canaccord Genuity lowered Civitas Solutions from a “buy” rating to a “hold” rating and cut their price objective for the stock from $19.00 to $17.75 in a research report on Thursday, December 20th. Zacks Investment Research lowered Civitas Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Finally, SunTrust Banks lowered Civitas Solutions from a “buy” rating to a “hold” rating in a research report on Friday, December 21st.
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About Civitas Solutions
Civitas Solutions, Inc provides home- and community-based health and human services to must-serve individuals with intellectual, developmental, behavioral, and/or medically complex challenges in the United States. It operates through three segments: Community Support Services (CSS), Specialty Rehabilitation Services (SRS), and Children & Family Services (CFS).
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