Acadian Asset Management LLC Makes New Investment in Invacare Co. (NYSE:IVC)

Acadian Asset Management LLC acquired a new stake in Invacare Co. (NYSE:IVC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 157,871 shares of the health services provider’s stock, valued at approximately $1,321,000. Acadian Asset Management LLC owned 0.47% of Invacare as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Invacare by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,289,108 shares of the health services provider’s stock valued at $47,856,000 after buying an additional 134,863 shares during the last quarter. Bank of Montreal Can grew its holdings in Invacare by 40.8% in the 4th quarter. Bank of Montreal Can now owns 10,499 shares of the health services provider’s stock valued at $45,000 after buying an additional 3,044 shares during the last quarter. Arizona State Retirement System grew its holdings in Invacare by 6.0% in the 4th quarter. Arizona State Retirement System now owns 51,120 shares of the health services provider’s stock valued at $220,000 after buying an additional 2,915 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Invacare by 109.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 23,156 shares of the health services provider’s stock valued at $100,000 after buying an additional 12,090 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Invacare by 19.1% in the 4th quarter. Rhumbline Advisers now owns 98,425 shares of the health services provider’s stock valued at $423,000 after buying an additional 15,758 shares during the last quarter.

Shares of IVC stock traded up $0.34 during mid-day trading on Friday, reaching $5.19. The stock had a trading volume of 506,900 shares, compared to its average volume of 409,081. The company has a current ratio of 1.97, a quick ratio of 1.29 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $175.21 million, a price-to-earnings ratio of -3.93 and a beta of 2.29. Invacare Co. has a one year low of $3.05 and a one year high of $19.05. The company has a 50 day moving average of $5.94.

Invacare (NYSE:IVC) last posted its earnings results on Monday, May 6th. The health services provider reported ($0.32) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.01. The business had revenue of $223.40 million during the quarter, compared to the consensus estimate of $229.93 million. Invacare had a negative return on equity of 11.69% and a negative net margin of 4.56%. Invacare’s revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.35) EPS. As a group, sell-side analysts expect that Invacare Co. will post -1.03 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Friday, July 5th will be given a dividend of $0.0125 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $0.05 annualized dividend and a dividend yield of 0.96%. Invacare’s dividend payout ratio (DPR) is presently -3.79%.

IVC has been the topic of a number of research analyst reports. Zacks Investment Research lowered Invacare from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. ValuEngine downgraded Invacare from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price objective on shares of Invacare in a research report on Tuesday, April 9th.

Invacare Profile

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 Europe, North America/Home Medical Equipment, Institutional Products Group, and the Asia/Pacific segments.

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Institutional Ownership by Quarter for Invacare (NYSE:IVC)

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