OxFORD Asset Management LLP Grows Holdings in Cotiviti Holdings Inc (COTV)

OxFORD Asset Management LLP boosted its holdings in shares of Cotiviti Holdings Inc (NYSE:COTV) by 102.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,368 shares of the business services provider’s stock after buying an additional 12,304 shares during the quarter. OxFORD Asset Management LLP’s holdings in Cotiviti were worth $878,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in COTV. Great West Life Assurance Co. Can acquired a new stake in Cotiviti during the 2nd quarter worth approximately $107,000. BNP Paribas Arbitrage SA increased its position in shares of Cotiviti by 553.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,137 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 2,657 shares during the last quarter. Strategic Global Advisors LLC purchased a new stake in shares of Cotiviti in the 3rd quarter valued at approximately $200,000. Pacer Advisors Inc. increased its position in shares of Cotiviti by 138.9% in the 2nd quarter. Pacer Advisors Inc. now owns 5,642 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 3,280 shares during the last quarter. Finally, Koch Industries Inc. purchased a new stake in shares of Cotiviti in the 2nd quarter valued at approximately $237,000. Institutional investors own 86.18% of the company’s stock.

Cotiviti Holdings Inc (NYSE COTV) opened at $33.16 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market cap of $3,025.07, a price-to-earnings ratio of 22.90, a P/E/G ratio of 1.85 and a beta of 0.39. Cotiviti Holdings Inc has a 52-week low of $30.84 and a 52-week high of $45.97.

Cotiviti (NYSE:COTV) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. The firm had revenue of $174.20 million for the quarter, compared to the consensus estimate of $174.01 million. Cotiviti had a net margin of 13.86% and a return on equity of 13.61%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm posted $0.36 EPS. research analysts predict that Cotiviti Holdings Inc will post 1.41 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the stock. BidaskClub raised shares of Cotiviti from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Mitsubishi UFJ Financial Group assumed coverage on shares of Cotiviti in a research report on Thursday, September 21st. They issued an “overweight” rating and a $42.00 price objective on the stock. Zacks Investment Research downgraded shares of Cotiviti from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. SunTrust Banks reissued a “buy” rating and issued a $45.00 price objective on shares of Cotiviti in a research report on Friday, November 10th. Finally, Deutsche Bank assumed coverage on shares of Cotiviti in a research report on Friday, December 8th. They issued a “hold” rating and a $34.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Cotiviti currently has a consensus rating of “Hold” and an average target price of $40.38.

In related news, COO David Beaulieu sold 5,000 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the transaction, the chief operating officer now directly owns 43,133 shares of the company’s stock, valued at approximately $1,509,655. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO J Douglas Williams sold 30,000 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $33.22, for a total transaction of $996,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,766,660 shares in the company, valued at $91,908,445.20. The disclosure for this sale can be found here. Insiders sold a total of 173,332 shares of company stock worth $5,782,763 over the last ninety days. Insiders own 15.80% of the company’s stock.

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Cotiviti Company Profile

Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company focuses primarily on the healthcare sector. The Company operates through two segments: Healthcare, and Global Retail and Other. Through its Healthcare segment, the Company offers prospective and retrospective claims accuracy solutions to healthcare payers in the United States.

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Institutional Ownership by Quarter for Cotiviti (NYSE:COTV)

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