Invacare Corp. (IVC) Stake Maintained by Swiss National Bank
Swiss National Bank continued to hold its position in Invacare Corp. (NYSE:IVC) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 53,600 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned 0.17% of Invacare Corp. worth $650,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. raised its position in Invacare Corp. by 16.9% in the first quarter. Franklin Resources Inc. now owns 2,494,237 shares of the company’s stock valued at $32,849,000 after buying an additional 360,000 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new position in Invacare Corp. during the second quarter worth $2,582,000. JPMorgan Chase & Co. purchased a new position in Invacare Corp. during the first quarter worth $2,666,000. Amici Capital LLC increased its position in Invacare Corp. by 200.0% in the first quarter. Amici Capital LLC now owns 300,000 shares of the company’s stock worth $3,951,000 after buying an additional 200,000 shares during the period. Finally, Bogle Investment Management L P DE purchased a new position in Invacare Corp. during the first quarter worth $2,039,000.
Invacare Corp. (NYSE:IVC) traded up 0.09% during midday trading on Wednesday, reaching $11.43. The company had a trading volume of 27,144 shares. The stock’s 50 day moving average is $11.58 and its 200 day moving average is $11.93. The firm’s market capitalization is $371.12 million. Invacare Corp. has a 12-month low of $9.89 and a 12-month high of $20.41.
Invacare Corp. (NYSE:IVC) last announced its earnings results on Thursday, July 28th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.09. The company had revenue of $275 million for the quarter, compared to analysts’ expectations of $270.10 million. Invacare Corp. had a negative net margin of 2.81% and a negative return on equity of 5.16%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.23) EPS. Equities research analysts expect that Invacare Corp. will post ($0.95) earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, October 13th will be given a dividend of $0.0125 per share. The ex-dividend date is Tuesday, October 11th. This represents a $0.05 annualized dividend and a dividend yield of 0.44%. Invacare Corp.’s payout ratio is -5.21%.
IVC has been the subject of a number of recent research reports. Zacks Investment Research raised Invacare Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. KeyCorp set a $17.00 price target on Invacare Corp. and gave the company a “buy” rating in a research note on Thursday, October 6th.
About Invacare Corp.
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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