Engineers Gate Manager LP boosted its holdings in shares of Invacare Corporation (NYSE:IVC) by 33.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,387 shares of the health services provider’s stock after buying an additional 13,119 shares during the period. Engineers Gate Manager LP owned about 0.16% of Invacare worth $825,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of IVC. Elk Creek Partners LLC acquired a new stake in shares of Invacare in the 2nd quarter valued at $9,760,000. Northpointe Capital LLC boosted its stake in shares of Invacare by 96.8% in the 3rd quarter. Northpointe Capital LLC now owns 1,151,700 shares of the health services provider’s stock valued at $18,139,000 after purchasing an additional 566,574 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Invacare by 326.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 723,650 shares of the health services provider’s stock valued at $9,552,000 after purchasing an additional 553,954 shares in the last quarter. Marshall Wace North America L.P. boosted its stake in shares of Invacare by 688.0% in the 2nd quarter. Marshall Wace North America L.P. now owns 511,462 shares of the health services provider’s stock valued at $6,649,000 after purchasing an additional 446,558 shares in the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of Invacare in the 2nd quarter valued at $255,000. Hedge funds and other institutional investors own 94.65% of the company’s stock.

Shares of Invacare Corporation (NYSE IVC) traded down $0.35 during midday trading on Friday, reaching $17.05. 227,300 shares of the company traded hands, compared to its average volume of 488,583. Invacare Corporation has a 1-year low of $9.90 and a 1-year high of $17.95. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.57 and a current ratio of 2.28.

Invacare (NYSE:IVC) last announced its quarterly earnings data on Tuesday, November 7th. The health services provider reported ($0.41) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.02. The firm had revenue of $250.91 million during the quarter, compared to analysts’ expectations of $239.88 million. Invacare had a negative return on equity of 13.33% and a negative net margin of 7.95%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.37) EPS. sell-side analysts forecast that Invacare Corporation will post -2 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be issued 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 0.29%. Invacare’s dividend payout ratio is currently -2.13%.

IVC has been the topic of several research reports. Zacks Investment Research downgraded shares of Invacare from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. KeyCorp reiterated a “buy” rating and set a $18.00 price target on shares of Invacare in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $15.00.

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About Invacare

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.

Institutional Ownership by Quarter for Invacare (NYSE:IVC)

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