Invacare Corporation (IVC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in Invacare Corporation (NYSE:IVC) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 80,035 shares of the health services provider’s stock after selling 6,899 shares during the quarter. Victory Capital Management Inc. owned approximately 0.24% of Invacare Corporation worth $1,261,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Invacare Corporation by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,974 shares of the health services provider’s stock valued at $343,000 after buying an additional 119 shares during the period. Legal & General Group Plc raised its holdings in shares of Invacare Corporation by 0.3% in the 1st quarter. Legal & General Group Plc now owns 52,617 shares of the health services provider’s stock valued at $627,000 after buying an additional 159 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Invacare Corporation by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the health services provider’s stock valued at $173,000 after buying an additional 200 shares during the period. Arizona State Retirement System raised its holdings in shares of Invacare Corporation by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 16,724 shares of the health services provider’s stock valued at $221,000 after buying an additional 200 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its holdings in shares of Invacare Corporation by 4.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,580 shares of the health services provider’s stock valued at $100,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 94.65% of the company’s stock.

Several research firms recently issued reports on IVC. KeyCorp reiterated an “overweight” rating and issued a $17.00 price objective on shares of Invacare Corporation in a report on Tuesday, September 26th. ValuEngine upgraded Invacare Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research upgraded Invacare Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, BidaskClub downgraded Invacare Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $15.00.

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In related news, SVP Dean J. Childers sold 6,249 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $15.15, for a total transaction of $94,672.35. Following the completion of the transaction, the senior vice president now directly owns 44,875 shares of the company’s stock, valued at approximately $679,856.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.60% of the company’s stock.

Invacare Corporation (NYSE:IVC) opened at $17.85 on Thursday. Invacare Corporation has a one year low of $9.90 and a one year high of $17.95. 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 (NYSE:IVC) last released its earnings results on Tuesday, November 7th. The health services provider reported ($0.41) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.02. Invacare Corporation had a negative return on equity of 13.33% and a negative net margin of 7.95%. The firm had revenue of $250.91 million during the quarter, compared to analysts’ expectations of $239.88 million. During the same period in the previous year, the firm posted ($0.37) EPS. Invacare Corporation’s revenue for the quarter was down 6.4% on a year-over-year basis. equities analysts anticipate that Invacare Corporation will post -2 earnings per share for the current fiscal year.

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

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.

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

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