Invacare Co. (NYSE:IVC) Stake Boosted by Northern Trust Corp

Share on StockTwits

Northern Trust Corp grew its stake in shares of Invacare Co. (NYSE:IVC) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 442,644 shares of the health services provider’s stock after purchasing an additional 6,549 shares during the quarter. Northern Trust Corp’s holdings in Invacare were worth $2,297,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Renaissance Technologies LLC grew its holdings in Invacare by 85.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,239,500 shares of the health services provider’s stock worth $6,433,000 after buying an additional 572,800 shares in the last quarter. Marshall Wace LLP grew its holdings in Invacare by 141.0% in the 1st quarter. Marshall Wace LLP now owns 973,474 shares of the health services provider’s stock worth $8,149,000 after buying an additional 569,509 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Invacare by 3.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 538,403 shares of the health services provider’s stock worth $2,795,000 after buying an additional 16,014 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Invacare by 129.4% in the 2nd quarter. Acadian Asset Management LLC now owns 362,135 shares of the health services provider’s stock worth $1,879,000 after buying an additional 204,264 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Invacare by 13.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 85,402 shares of the health services provider’s stock worth $443,000 after buying an additional 10,052 shares in the last quarter.

IVC has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of Invacare in a report on Thursday, October 10th. ValuEngine raised Invacare from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research lowered Invacare from a “hold” rating to a “sell” rating in a report on Tuesday, October 8th.

IVC opened at $7.10 on Tuesday. The company has a market capitalization of $227.33 million, a price-to-earnings ratio of -5.38 and a beta of 2.05. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.90 and a quick ratio of 1.26. Invacare Co. has a 1-year low of $3.05 and a 1-year high of $14.80. The business has a 50 day moving average price of $6.58 and a two-hundred day moving average price of $6.13.

Invacare (NYSE:IVC) last released its earnings results on Monday, August 5th. The health services provider reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.03). The firm had revenue of $235.90 million during the quarter, compared to analyst estimates of $238.32 million. Invacare had a negative return on equity of 11.26% and a negative net margin of 4.20%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.41) earnings per share. Equities analysts expect that Invacare Co. will post -1.13 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 7.04%. This is an increase from Invacare’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, October 10th. Invacare’s dividend payout ratio is -3.79%.

Invacare Profile

Invacare Corporation, together with its subsidiaries, designs, manufactures, distributes, and exports medical equipment for use in home health care, retail, and extended care markets worldwide. The company operates through Europe, North America/Home Medical Equipment, Institutional Products Group, and the Asia/Pacific segments.

Recommended Story: Oversold

Want to see what other hedge funds are holding IVC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invacare Co. (NYSE:IVC).

Institutional Ownership by Quarter for Invacare (NYSE:IVC)

Receive News & Ratings for Invacare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invacare and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.