238,292 Shares in Cotiviti Holdings Inc (NYSE:COTV) Acquired by CI Global Investments Inc.

CI Global Investments Inc. purchased a new stake in Cotiviti Holdings Inc (NYSE:COTV) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 238,292 shares of the business services provider’s stock, valued at approximately $7,675,000. CI Global Investments Inc. owned about 0.26% of Cotiviti at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Great West Life Assurance Co. Can increased its stake in Cotiviti by 92.1% in the third quarter. Great West Life Assurance Co. Can now owns 5,570 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 2,670 shares during the period. Strategic Global Advisors LLC acquired a new position in shares of Cotiviti during the third quarter worth about $200,000. Koch Industries Inc. acquired a new position in shares of Cotiviti during the second quarter worth about $237,000. Legal & General Group Plc increased its stake in shares of Cotiviti by 237.7% during the second quarter. Legal & General Group Plc now owns 6,716 shares of the business services provider’s stock worth $250,000 after acquiring an additional 4,727 shares during the period. Finally, First Quadrant L P CA acquired a new position in shares of Cotiviti during the fourth quarter worth about $254,000. 85.93% of the stock is owned by hedge funds and other institutional investors.

Shares of Cotiviti Holdings Inc (COTV) opened at $32.33 on Friday. Cotiviti Holdings Inc has a 52-week low of $30.84 and a 52-week high of $45.97. The stock has a market cap of $2,986.29, a price-to-earnings ratio of 33.33, a PEG ratio of 1.65 and a beta of 0.65. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.73.

In other news, CEO J Douglas Williams sold 8,364 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $31.71, for a total value of $265,222.44. Following the transaction, the chief executive officer now directly owns 2,759,951 shares in the company, valued at approximately $87,518,046.21. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jonathan Olefson sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $32.37, for a total transaction of $485,550.00. Following the completion of the transaction, the senior vice president now owns 15,149 shares in the company, valued at $490,373.13. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 176,566 shares of company stock valued at $5,864,814. Company insiders own 15.80% of the company’s stock.

Several brokerages have weighed in on COTV. Citigroup began coverage on shares of Cotiviti in a research report on Thursday, January 4th. They set a “buy” rating on the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 price target on shares of Cotiviti in a report on Friday, November 3rd. Deutsche Bank assumed coverage on shares of Cotiviti in a report on Friday, December 8th. They issued a “hold” rating and a $34.00 price target on the stock. SunTrust Banks reaffirmed a “buy” rating and issued a $45.00 price target on shares of Cotiviti in a report on Friday, November 10th. Finally, Zacks Investment Research downgraded shares of Cotiviti from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $41.14.

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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.

Institutional Ownership by Quarter for Cotiviti (NYSE:COTV)

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