Cotiviti Holdings Inc (COTV) Given Average Recommendation of “Hold” by Analysts
Cotiviti Holdings Inc (NYSE:COTV) has been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $35.09.
Separately, Zacks Investment Research raised shares of Cotiviti from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 21st.
Several large investors have recently bought and sold shares of the stock. California Public Employees Retirement System raised its holdings in shares of Cotiviti by 4.8% in the 2nd quarter. California Public Employees Retirement System now owns 47,680 shares of the business services provider’s stock worth $2,104,000 after purchasing an additional 2,180 shares during the period. First Quadrant L P CA grew its stake in Cotiviti by 21.2% in the 2nd quarter. First Quadrant L P CA now owns 14,005 shares of the business services provider’s stock valued at $618,000 after buying an additional 2,453 shares in the last quarter. Mint Tower Capital Management B.V. purchased a new position in Cotiviti in the 2nd quarter valued at approximately $114,000. Bellevue Group AG grew its stake in Cotiviti by 14.1% in the 2nd quarter. Bellevue Group AG now owns 24,774 shares of the business services provider’s stock valued at $1,093,000 after buying an additional 3,066 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Cotiviti by 11.3% in the 2nd quarter. Rhumbline Advisers now owns 38,291 shares of the business services provider’s stock valued at $1,690,000 after buying an additional 3,895 shares in the last quarter. 90.36% of the stock is currently owned by institutional investors.
Cotiviti Company Profile
Cotiviti Holdings, Inc, through its subsidiaries, provides analytics-driven payment accuracy and spend management solutions primarily for the healthcare sector in the United States, Canada, the United Kingdom, and India. It operates through two segments, Healthcare, and Global Retail and Other. The company offers prospective claims accuracy solutions that enable healthcare clients identify and address claim discrepancies immediately following claim adjudication and before a claim is paid to a healthcare provider; and retrospective claims accuracy solutions that enable health insurers identify and resolve payment inaccuracies after a claim has been paid to a healthcare provider.
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