California Public Employees Retirement System trimmed its holdings in shares of Invacare (NYSE:IVC) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 143,559 shares of the health services provider’s stock after selling 11,044 shares during the quarter. California Public Employees Retirement System owned about 0.37% of Invacare worth $2,419,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its position in Invacare by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 25,974 shares of the health services provider’s stock worth $343,000 after acquiring an additional 119 shares during the period. Principal Financial Group Inc. increased its position in Invacare by 1.5% during the third quarter. Principal Financial Group Inc. now owns 258,442 shares of the health services provider’s stock worth $4,070,000 after acquiring an additional 3,888 shares during the period. Schwab Charles Investment Management Inc. increased its position in Invacare by 1.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 372,935 shares of the health services provider’s stock worth $5,874,000 after acquiring an additional 4,218 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Invacare by 63.1% during the third quarter. Municipal Employees Retirement System of Michigan now owns 12,360 shares of the health services provider’s stock worth $195,000 after acquiring an additional 4,780 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in Invacare by 40.8% during the third quarter. BNP Paribas Arbitrage SA now owns 20,619 shares of the health services provider’s stock worth $325,000 after acquiring an additional 5,973 shares during the period.
In other Invacare news, Director C Martin Harris sold 3,443 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $18.15, for a total value of $62,490.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.20% of the stock is owned by company insiders.
Invacare (NYSE:IVC) last released its earnings results on Wednesday, February 7th. The health services provider reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.02. Invacare had a negative net margin of 7.92% and a negative return on equity of 14.95%. The firm had revenue of $250.35 million for the quarter, compared to analyst estimates of $241.07 million. During the same period last year, the firm earned ($0.46) EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. equities research analysts predict that Invacare will post -1.15 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders 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 currently -2.13%.
A number of research firms recently commented on IVC. KeyCorp raised their price target on shares of Invacare from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. 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 Thursday, March 1st. 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 stock presently has a consensus rating of “Hold” and a consensus target price of $16.50.
WARNING: This piece of content was originally published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3287361/california-public-employees-retirement-system-sells-11044-shares-of-invacare-ivc.html.
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.
Want to see what other hedge funds are holding IVC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invacare (NYSE:IVC).
Receive News & Ratings for Invacare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invacare and related companies with MarketBeat.com's FREE daily email newsletter.