Brandes Investment Partners LP reduced its position in shares of Invacare Co. (NYSE:IVC) by 82.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,773 shares of the health services provider’s stock after selling 1,051,107 shares during the period. Brandes Investment Partners LP’s holdings in Invacare were worth $3,804,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Invacare by 3.8% in the second quarter. Vanguard Group Inc. now owns 2,934,593 shares of the health services provider’s stock valued at $38,736,000 after acquiring an additional 107,359 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Invacare by 654.1% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,383,222 shares of the health services provider’s stock valued at $37,535,000 after acquiring an additional 2,067,186 shares in the last quarter. Royce & Associates LP raised its holdings in Invacare by 11.4% in the fourth quarter. Royce & Associates LP now owns 1,574,733 shares of the health services provider’s stock valued at $26,534,000 after acquiring an additional 160,564 shares in the last quarter. Elk Creek Partners LLC raised its holdings in Invacare by 17.5% in the third quarter. Elk Creek Partners LLC now owns 869,081 shares of the health services provider’s stock valued at $13,688,000 after acquiring an additional 129,676 shares in the last quarter. Finally, State Street Corp raised its holdings in Invacare by 8.3% in the second quarter. State Street Corp now owns 837,448 shares of the health services provider’s stock valued at $11,054,000 after acquiring an additional 63,917 shares in the last quarter.
Shares of Invacare Co. (IVC) opened at $17.90 on Wednesday. The stock has a market cap of $588.38, a price-to-earnings ratio of -7.82 and a beta of 2.54. 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 Co. has a twelve month low of $10.20 and a twelve month high of $19.05.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Wednesday, April 4th will be paid a dividend of $0.0125 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.05 annualized dividend and a yield of 0.28%. Invacare’s payout ratio is -2.18%.
In other Invacare news, Director C Martin Harris sold 3,443 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $18.15, for a total transaction of $62,490.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is owned by insiders.
Several analysts recently issued reports on IVC shares. KeyCorp reaffirmed a “buy” rating and issued a $18.00 price target on shares of Invacare in a report on Friday, November 10th. Zacks Investment Research raised shares of Invacare from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, ValuEngine raised shares of Invacare from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.50.
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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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