Trexquant Investment LP Sold 1,001 Shares of Civitas Solutions Inc (CIVI)

Trexquant Investment LP Sold 1,001 Shares of Civitas Solutions Inc (CIVI)

Trexquant Investment LP decreased its stake in Civitas Solutions Inc (NYSE:CIVI) by 5.0% during the first quarter, Holdings Channel reports. The fund owned 19,000 shares of the company’s stock after selling 1,001 shares during the period. Trexquant Investment LP’s holdings in Civitas Solutions were worth $349,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Acrospire Investment Management LLC increased its position in shares of Civitas Solutions by 19.3% in the first quarter. Acrospire Investment Management LLC now owns 5,557 shares of the company’s stock valued at $102,000 after buying an additional 900 shares during the last quarter. Algert Global LLC acquired a new position in shares of Civitas Solutions during the first quarter valued at $222,000. GSA Capital Partners LLP increased its position in shares of Civitas Solutions by 23.0% in the fourth quarter. GSA Capital Partners LLP now owns 13,790 shares of the company’s stock valued at $274,000 after buying an additional 2,579 shares during the last quarter. Oxford Asset Management acquired a new position in shares of Civitas Solutions during the fourth quarter valued at $284,000. Finally, Cigna Investments Inc. New acquired a new position in shares of Civitas Solutions during the fourth quarter valued at $325,000. 87.94% of the stock is owned by institutional investors and hedge funds.

Civitas Solutions Inc (CIVI) opened at 16.90 on Friday. The stock’s 50 day moving average price is $17.23 and its 200 day moving average price is $18.07. Civitas Solutions Inc has a 52 week low of $15.40 and a 52 week high of $23.20. The firm has a market capitalization of $630.59 million, a P/E ratio of 36.82 and a beta of 0.49.

Civitas Solutions (NYSE:CIVI) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Civitas Solutions had a net margin of 1.33% and a return on equity of 18.37%. The business had revenue of $362.40 million during the quarter, compared to analysts’ expectations of $368.83 million. During the same quarter last year, the firm earned $0.20 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts expect that Civitas Solutions Inc will post $0.71 EPS for the current year.

Separately, Zacks Investment Research downgraded Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Civitas Solutions presently has a consensus rating of “Hold” and an average price target of $23.33.

In related news, insider Renzo Linda De sold 5,000 shares of Civitas Solutions stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $18.70, for a total value of $93,500.00. Following the sale, the insider now directly owns 196,334 shares in the company, valued at $3,671,445.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Denis M. Holler sold 25,000 shares of Civitas Solutions stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $18.17, for a total value of $454,250.00. Following the completion of the sale, the chief financial officer now owns 366,952 shares in the company, valued at $6,667,517.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,000 shares of company stock worth $1,109,247. Company insiders own 5.30% of the company’s stock.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CIVI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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