Schneider Capital Management Corp grew its stake in shares of Invacare Corporation (NYSE:IVC) by 126.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 288,770 shares of the health services provider’s stock after purchasing an additional 161,245 shares during the period. Schneider Capital Management Corp owned approximately 0.88% of Invacare Corporation worth $3,812,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in IVC. Wells Fargo & Company MN raised its holdings in shares of Invacare Corporation by 5.8% during the first quarter. Wells Fargo & Company MN now owns 308,371 shares of the health services provider’s stock valued at $3,669,000 after purchasing an additional 16,896 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Invacare Corporation by 10.9% during the first quarter. Great West Life Assurance Co. Can now owns 44,139 shares of the health services provider’s stock valued at $523,000 after purchasing an additional 4,329 shares during the period. Comerica Bank raised its holdings in shares of Invacare Corporation by 3.7% during the first quarter. Comerica Bank now owns 35,002 shares of the health services provider’s stock valued at $464,000 after purchasing an additional 1,241 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of Invacare Corporation by 15.1% during the first quarter. Parametric Portfolio Associates LLC now owns 167,334 shares of the health services provider’s stock valued at $1,991,000 after purchasing an additional 21,913 shares during the period. Finally, State of Tennessee Treasury Department raised its holdings in shares of Invacare Corporation by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 27,500 shares of the health services provider’s stock valued at $327,000 after purchasing an additional 4,150 shares during the period.
In other Invacare Corporation news, SVP Dean J. Childers sold 6,249 shares of Invacare Corporation stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $15.15, for a total value of $94,672.35. Following the completion of the transaction, the senior vice president now directly owns 44,875 shares of the company’s stock, valued at $679,856.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is currently owned by insiders.
Invacare Corporation (IVC) traded up 3.20% during midday trading on Thursday, hitting $14.50. 176,427 shares of the company were exchanged. Invacare Corporation has a 1-year low of $8.00 and a 1-year high of $16.65. The stock has a 50 day moving average of $14.75 and a 200 day moving average of $13.71. The firm’s market capitalization is $476.62 million.
Invacare Corporation (NYSE:IVC) last issued its earnings results on Monday, August 7th. The health services provider reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.21). The firm had revenue of $233.50 million during the quarter, compared to analysts’ expectations of $243.03 million. Invacare Corporation had a negative return on equity of 12.79% and a negative net margin of 6.42%. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. During the same period last year, the firm posted ($0.33) earnings per share. On average, equities analysts predict that Invacare Corporation will post ($1.87) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be issued a $0.0125 dividend. The ex-dividend date is Wednesday, October 4th. This represents a $0.05 annualized dividend and a yield of 0.36%. Invacare Corporation’s dividend payout ratio (DPR) is presently -2.59%.
Several equities analysts have recently weighed in on IVC shares. BidaskClub lowered shares of Invacare Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. KeyCorp reiterated an “overweight” rating and set a $17.00 price objective on shares of Invacare Corporation in a report on Tuesday, September 26th. ValuEngine upgraded shares of Invacare Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of Invacare Corporation from a “sell” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $14.50.
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Invacare Corporation Company Profile
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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