Arizona State Retirement System lifted its holdings in Invacare (NYSE:IVC) by 224.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,179 shares of the health services provider’s stock after purchasing an additional 38,155 shares during the period. Arizona State Retirement System owned about 0.14% of Invacare worth $930,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Fox Run Management L.L.C. bought a new position in shares of Invacare in the 4th quarter worth approximately $238,000. Royce & Associates LP lifted its stake in shares of Invacare by 4.4% in the 3rd quarter. Royce & Associates LP now owns 1,414,169 shares of the health services provider’s stock worth $22,273,000 after purchasing an additional 59,430 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Invacare by 40.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 20,619 shares of the health services provider’s stock worth $325,000 after purchasing an additional 5,973 shares during the period. Keeley Teton Advisors LLC lifted its stake in shares of Invacare by 1,779.1% in the 3rd quarter. Keeley Teton Advisors LLC now owns 442,715 shares of the health services provider’s stock worth $6,973,000 after purchasing an additional 419,155 shares during the period. Finally, Monarch Partners Asset Management LLC lifted its stake in shares of Invacare by 14.5% in the 4th quarter. Monarch Partners Asset Management LLC now owns 222,385 shares of the health services provider’s stock worth $3,747,000 after purchasing an additional 28,090 shares during the period.
Several brokerages have recently weighed in on IVC. KeyCorp reiterated a “buy” rating on shares of Invacare in a research note on Thursday. ValuEngine raised shares of Invacare from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research raised shares of Invacare from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. One 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 company has a consensus rating of “Hold” and an average target price of $16.50.
Shares of Invacare stock opened at $17.60 on Monday. The stock has a market cap of $689.69, a P/E ratio of -7.49 and a beta of 2.50. Invacare has a fifty-two week low of $10.20 and a fifty-two week high of $19.05. The company has a quick ratio of 1.54, a current ratio of 2.10 and a debt-to-equity ratio of 0.57.
Invacare (NYSE:IVC) last released its earnings results on Wednesday, February 7th. The health services provider reported ($0.42) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.02. The company had revenue of $250.35 million during the quarter, compared to analyst estimates of $241.07 million. Invacare had a negative net margin of 7.92% and a negative return on equity of 14.95%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.46) EPS. analysts predict that Invacare will post -1.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, April 4th will be issued a $0.0125 dividend. This represents a $0.05 annualized dividend and a yield of 0.28%. The ex-dividend date is Tuesday, April 3rd. Invacare’s dividend payout ratio is -2.13%.
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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 four segments: North America/Home Medical Equipment, Institutional Products Group, Europe, and the Asia/Pacific.
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