Renaissance Group LLC acquired a new position in Cotiviti Holdings Inc (NYSE:COTV) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 12,818 shares of the business services provider’s stock, valued at approximately $413,000.

Other institutional investors have also bought and sold shares of the company. Strategic Global Advisors LLC acquired a new stake in shares of Cotiviti in the 3rd quarter worth $200,000. Great West Life Assurance Co. Can boosted its position in shares of Cotiviti by 92.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 5,570 shares of the business services provider’s stock worth $198,000 after purchasing an additional 2,670 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Cotiviti in the 2nd quarter worth $286,000. First Quadrant L P CA acquired a new stake in shares of Cotiviti in the 4th quarter worth $254,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Cotiviti in the 3rd quarter worth $288,000. 85.93% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on the company. Citigroup assumed coverage on Cotiviti in a research report on Thursday, January 4th. They set a “buy” rating for the company. Zacks Investment Research cut Cotiviti from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 2nd. Deutsche Bank assumed coverage on Cotiviti in a research report on Friday, December 8th. They set a “hold” rating and a $34.00 price target for the company. SunTrust Banks reaffirmed a “buy” rating and set a $45.00 price target on shares of Cotiviti in a research report on Friday, November 10th. Finally, BidaskClub cut Cotiviti from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $41.14.

In other Cotiviti news, COO David Beaulieu sold 15,000 shares of Cotiviti stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $35.00, for a total transaction of $525,000.00. Following the completion of the sale, the chief operating officer now owns 49,573 shares of the company’s stock, valued at approximately $1,735,055. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO J Douglas Williams sold 30,000 shares of Cotiviti stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $34.80, for a total value of $1,044,000.00. Following the transaction, the chief executive officer now owns 2,766,660 shares of the company’s stock, valued at approximately $96,279,768. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 176,566 shares of company stock valued at $5,864,814. 15.80% of the stock is currently owned by insiders.

Shares of Cotiviti Holdings Inc (NYSE:COTV) opened at $32.33 on Friday. Cotiviti Holdings Inc has a 52-week low of $30.84 and a 52-week high of $45.97. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $2,986.29, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65.

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Cotiviti Company Profile

Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company focuses primarily on the healthcare sector. The Company operates through two segments: Healthcare, and Global Retail and Other. Through its Healthcare segment, the Company offers prospective and retrospective claims accuracy solutions to healthcare payers in the United States.

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Institutional Ownership by Quarter for Cotiviti (NYSE:COTV)

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