Invacare Corporation (IVC) Position Raised by Voya Investment Management LLC

Voya Investment Management LLC boosted its position in Invacare Corporation (NYSE:IVC) by 10.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 17,271 shares of the health services provider’s stock after purchasing an additional 1,648 shares during the period. Voya Investment Management LLC owned about 0.05% of Invacare Corporation worth $228,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. New York State Teachers Retirement System lifted its stake in Invacare Corporation by 0.3% in the 1st quarter. New York State Teachers Retirement System now owns 75,964 shares of the health services provider’s stock valued at $904,000 after purchasing an additional 200 shares during the last quarter. Leucadia National Corp acquired a new stake in Invacare Corporation in the 2nd quarter valued at about $161,000. California Public Employees Retirement System lifted its stake in Invacare Corporation by 5.3% in the 1st quarter. California Public Employees Retirement System now owns 182,328 shares of the health services provider’s stock valued at $2,170,000 after purchasing an additional 9,200 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Invacare Corporation by 4.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 368,717 shares of the health services provider’s stock valued at $4,868,000 after purchasing an additional 17,025 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in Invacare Corporation by 11.8% in the 2nd quarter. Royce & Associates LP now owns 1,354,739 shares of the health services provider’s stock valued at $17,883,000 after purchasing an additional 143,027 shares during the last quarter. Institutional investors and hedge funds own 94.65% of the company’s stock.

In other Invacare Corporation news, SVP Dean J. Childers sold 6,249 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $15.15, for a total transaction of $94,672.35. Following the completion of the sale, the senior vice president now directly owns 44,875 shares in the company, valued at $679,856.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.

Several brokerages have issued reports on IVC. BidaskClub downgraded shares of Invacare Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of Invacare Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. KeyCorp restated an “overweight” rating and set a $17.00 price objective on shares of Invacare Corporation in a research report on Tuesday, September 26th. Finally, ValuEngine upgraded shares of Invacare Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $15.00.

Shares of Invacare Corporation (NYSE:IVC) opened at $17.60 on Friday. The company has a quick ratio of 1.57, a current ratio of 2.28 and a debt-to-equity ratio of 0.55. Invacare Corporation has a 1 year low of $9.90 and a 1 year high of $17.95.

Invacare Corporation (NYSE:IVC) last issued its quarterly earnings data on Tuesday, November 7th. The health services provider reported ($0.41) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.02. The firm had revenue of $250.91 million during the quarter, compared to the consensus estimate of $239.88 million. Invacare Corporation had a negative net margin of 7.95% and a negative return on equity of 13.33%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the business posted ($0.37) earnings per share. equities research analysts forecast that Invacare Corporation will post -2 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be given a dividend of $0.0125 per share. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $0.05 annualized dividend and a yield of 0.28%. Invacare Corporation’s dividend payout ratio (DPR) is presently -2.13%.

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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.

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

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