Arizona State Retirement System Has $203,000 Stock Position in Invacare Co. (NYSE:IVC)

Arizona State Retirement System lowered its stake in Invacare Co. (NYSE:IVC) by 43.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,455 shares of the health services provider’s stock after selling 17,094 shares during the period. Arizona State Retirement System owned approximately 0.07% of Invacare worth $203,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BBVA USA Bancshares Inc. acquired a new position in shares of Invacare during the 3rd quarter worth approximately $186,000. State Street Corp grew its position in shares of Invacare by 2.2% during the 3rd quarter. State Street Corp now owns 1,138,448 shares of the health services provider’s stock worth $8,538,000 after purchasing an additional 24,457 shares in the last quarter. Mackay Shields LLC acquired a new position in shares of Invacare during the 3rd quarter worth approximately $450,000. California State Teachers Retirement System grew its position in shares of Invacare by 2.6% during the 3rd quarter. California State Teachers Retirement System now owns 52,403 shares of the health services provider’s stock worth $393,000 after purchasing an additional 1,305 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Invacare by 16.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 21,000 shares of the health services provider’s stock worth $189,000 after purchasing an additional 2,900 shares in the last quarter.

Shares of NYSE:IVC opened at $8.93 on Friday. The company’s 50 day moving average price is $8.58 and its two-hundred day moving average price is $7.63. Invacare Co. has a 12-month low of $4.13 and a 12-month high of $11.63. The firm has a market cap of $309.34 million, a PE ratio of -5.58 and a beta of 2.03. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.83.

Invacare (NYSE:IVC) last issued its quarterly earnings results on Monday, February 10th. The health services provider reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.15). Invacare had a negative return on equity of 10.66% and a negative net margin of 5.75%. The firm had revenue of $232.90 million for the quarter, compared to the consensus estimate of $241.26 million. During the same period last year, the company posted ($0.16) EPS. The business’s revenue was down 4.8% on a year-over-year basis. On average, research analysts expect that Invacare Co. will post -0.04 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.0125 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, January 2nd. Invacare’s dividend payout ratio (DPR) is presently -4.72%.

A number of research analysts have issued reports on IVC shares. Zacks Investment Research lowered shares of Invacare from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine upgraded shares of Invacare from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $17.00 target price on shares of Invacare in a research report on Monday.

Invacare Company 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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