Perella Weinberg Partners Capital Management LP Invests $2.55 Million in Civitas Solutions Inc (NYSE:CIVI)

Perella Weinberg Partners Capital Management LP bought a new stake in shares of Civitas Solutions Inc (NYSE:CIVI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 145,510 shares of the company’s stock, valued at approximately $2,548,000. Perella Weinberg Partners Capital Management LP owned 0.40% of Civitas Solutions at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its stake in Civitas Solutions by 9.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 81,747 shares of the company’s stock valued at $1,341,000 after buying an additional 6,730 shares in the last quarter. Cadence Capital Management LLC lifted its position in shares of Civitas Solutions by 20.0% during the third quarter. Cadence Capital Management LLC now owns 177,420 shares of the company’s stock worth $2,617,000 after purchasing an additional 29,556 shares in the last quarter. Martingale Asset Management L P boosted its holdings in Civitas Solutions by 476.6% in the third quarter. Martingale Asset Management L P now owns 62,920 shares of the company’s stock valued at $929,000 after acquiring an additional 52,008 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Civitas Solutions by 18.6% during the third quarter. JPMorgan Chase & Co. now owns 442,991 shares of the company’s stock worth $6,533,000 after buying an additional 69,538 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Civitas Solutions by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 101,642 shares of the company’s stock valued at $1,667,000 after acquiring an additional 5,392 shares during the period. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CIVI opened at $17.70 on Thursday. Civitas Solutions Inc has a 1 year low of $12.10 and a 1 year high of $17.89. The company has a market capitalization of $641.91 million, a price-to-earnings ratio of 11.80, a PEG ratio of 2.68 and a beta of -0.03. 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 issued its earnings results on Thursday, December 13th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. Civitas Solutions had a return on equity of 36.04% and a net margin of 0.74%. The firm had revenue of $409.50 million for the quarter, compared to the consensus estimate of $406.61 million. During the same quarter in the previous year, the company posted ($0.29) earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, research analysts forecast that Civitas Solutions Inc will post 0.66 EPS for the current fiscal year.

CIVI has been the topic of several analyst reports. SunTrust Banks cut Civitas Solutions from a “buy” rating to a “hold” rating in a report on Friday, December 21st. ValuEngine raised shares of Civitas Solutions from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 15th. Finally, Canaccord Genuity lowered shares of Civitas Solutions from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $19.00 to $17.75 in a research report on Thursday, December 20th.

In other news, insider Bruce F. Nardella sold 71,393 shares of the company’s stock in a transaction on Wednesday, December 19th. The stock was sold at an average price of $17.58, for a total value of $1,255,088.94. Following the completion of the sale, the insider now owns 548,838 shares in the company, valued at $9,648,572.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey Michael Cohen sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $14.39, for a total value of $28,780.00. Following the completion of the transaction, the insider now directly owns 78,385 shares in the company, valued at approximately $1,127,960.15. The disclosure for this sale can be found here. Company insiders own 4.76% of the company’s stock.

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

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