Public Sector Pension Investment Board maintained its stake in Invacare Co. (NYSE:IVC) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 20,580 shares of the health services provider’s stock at the end of the fourth quarter. Public Sector Pension Investment Board owned approximately 0.06% of Invacare worth $269,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of IVC. JPMorgan Chase & Co. increased its stake in Invacare by 11.9% in the third quarter. JPMorgan Chase & Co. now owns 852,693 shares of the health services provider’s stock valued at $9,525,000 after buying an additional 90,980 shares in the last quarter. Brandes Investment Partners LP increased its stake in Invacare by 51.0% in the third quarter. Brandes Investment Partners LP now owns 1,436,472 shares of the health services provider’s stock valued at $16,045,000 after buying an additional 485,420 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Invacare during the fourth quarter valued at $4,139,000. Bank of New York Mellon Corp increased its stake in Invacare by 4.4% in the third quarter. Bank of New York Mellon Corp now owns 341,442 shares of the health services provider’s stock valued at $3,814,000 after buying an additional 14,524 shares during the period. Finally, State Street Corp increased its stake in Invacare by 2.9% in the fourth quarter. State Street Corp now owns 735,832 shares of the health services provider’s stock valued at $9,603,000 after buying an additional 20,461 shares during the period.
Invacare Co. (NYSE:IVC) traded down 0.81% during trading on Friday, hitting $12.20. 239,669 shares of the company traded hands. The firm’s market cap is $395.39 million. Invacare Co. has a 52-week low of $8.00 and a 52-week high of $13.94. The company’s 50-day moving average is $11.53 and its 200 day moving average is $11.69.
Invacare (NYSE:IVC) last announced its earnings results on Thursday, February 9th. The health services provider reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.30) by $0.16. Invacare had a negative net margin of 4.09% and a negative return on equity of 8.18%. The company had revenue of $246.70 million for the quarter, compared to analysts’ expectations of $262.53 million. During the same period in the prior year, the company earned ($0.06) earnings per share. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. On average, equities analysts anticipate that Invacare Co. will post ($1.23) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 13th. Investors of record on Monday, April 3rd were paid a $0.0125 dividend. This represents a $0.05 annualized dividend and a yield of 0.41%. The ex-dividend date was Thursday, March 30th. Invacare’s dividend payout ratio is currently -3.79%.
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IVC has been the topic of several recent research reports. Zacks Investment Research raised shares of Invacare from a “sell” rating to a “hold” rating in a report on Monday, January 2nd. Stephens reiterated an “equal weight” rating on shares of Invacare in a research note on Tuesday, April 4th.
Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific.
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