Vanguard Group Inc. Increases Stake in Invacare Corporation (IVC)

Vanguard Group Inc. increased its position in Invacare Corporation (NYSE:IVC) by 7.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,827,234 shares of the health services provider’s stock after buying an additional 187,697 shares during the period. Vanguard Group Inc. owned about 8.72% of Invacare Corporation worth $33,644,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of IVC. Brandes Investment Partners LP boosted its stake in shares of Invacare Corporation by 5.1% in the first quarter. Brandes Investment Partners LP now owns 2,018,749 shares of the health services provider’s stock valued at $24,023,000 after buying an additional 97,100 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of Invacare Corporation by 29.8% in the first quarter. Pacific Ridge Capital Partners LLC now owns 41,450 shares of the health services provider’s stock valued at $493,000 after buying an additional 9,510 shares in the last quarter. AlphaOne Investment Services LLC boosted its stake in shares of Invacare Corporation by 3.3% in the first quarter. AlphaOne Investment Services LLC now owns 349,848 shares of the health services provider’s stock valued at $4,163,000 after buying an additional 11,069 shares in the last quarter. Alambic Investment Management L.P. boosted its stake in shares of Invacare Corporation by 20.3% in the first quarter. Alambic Investment Management L.P. now owns 146,231 shares of the health services provider’s stock valued at $1,740,000 after buying an additional 24,700 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in shares of Invacare Corporation by 17.8% in 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 buying an additional 4,150 shares in the last quarter.

Invacare Corporation (NYSE:IVC) remained flat at $13.70 during trading on Wednesday. 24,763 shares of the company’s stock were exchanged. The stock’s market capitalization is $450.32 million. Invacare Corporation has a 12 month low of $8.00 and a 12 month high of $16.65. The firm has a 50-day moving average of $13.91 and a 200 day moving average of $12.92.

Invacare Corporation (NYSE:IVC) last announced its quarterly earnings results on Monday, August 7th. The health services provider reported ($0.63) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by $0.21. The firm had revenue of $233.50 million during the quarter, compared to the consensus estimate of $243.03 million. Invacare Corporation had a negative return on equity of 12.79% and a negative net margin of 6.42%. Invacare Corporation’s revenue was down 15.1% on a year-over-year basis. During the same period last year, the business earned ($0.33) EPS. On average, analysts expect that Invacare Corporation will post ($1.65) earnings per share for the current year.

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Several research firms recently issued reports on IVC. Stephens upgraded shares of Invacare Corporation from an “equal weight” rating to an “overweight” rating in a report on Friday, April 28th. Zacks Investment Research lowered shares of Invacare Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 16th. ValuEngine upgraded shares of Invacare Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Invacare Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Sidoti restated a “neutral” rating and issued a $12.00 target price (down previously from $14.00) on shares of Invacare Corporation in a report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.50.

About Invacare Corporation

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.

Institutional Ownership by Quarter for Invacare Corporation (NYSE:IVC)

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