Civitas Solutions Inc (CIVI) is Downgraded by Raymond James to Mkt Perform

Civitas Solutions Inc (CIVI) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Aug 11, 2016.

On the company’s financial health, Civitas Solutions Inc reported $0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.20. The company had revenue of $354.00 million for the quarter, compared to analysts expectations of $358.21 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Civitas Solutions Inc closed down -0.15 points or -0.70% at $21.39 with 19,692 shares getting traded on Monday. Post opening the session at $21.6, the shares hit an intraday low of $21.29 and an intraday high of $21.8799 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jul 14, 2016, Renzo Linda De (officer ) sold 5,000 shares at $22.54 per share price. According to the SEC, on Jul 6, 2016, Jeffrey Michael Cohen (Chief Information Officer) sold 5,000 shares at $20.75 per share price. On Oct 9, 2015, Robert M. Melia (Chief Bus. Dev. Officer) sold 67,908 shares at $21.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Civitas Solutions Inc. (Civitas) is a provider of home-and community-based health and human services to must-serve individuals with intellectual developmental physical or behavioral disabilities and other special needs. The Company operates in two segments: Human Service which provides home and community-based human services to adults and children with intellectual and/or developmental disabilities and to youth with emotional behavioral and/or medically complex challenges; and Post-Acute Specialty Rehabilitation Service (SRS) which provides health care and community-based health and human services to individuals who have suffered acquired brain and/or spinal injuries and other catastrophic injuries and illnesses. The Company also owns Lakeview programs which provide community-based residential services for individuals with brain injuries at eight locations in New Hampshire.

Civitas Solutions Inc

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