Heartland Advisors Inc buys $39,953,206 stake in Invacare Corporation (IVC)

Invacare Corporation (IVC) : Heartland Advisors Inc scooped up 88,747 additional shares in Invacare Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 3,605,885 shares of Invacare Corporation which is valued at $39,953,206.Invacare Corporation makes up approximately 2.09% of Heartland Advisors Inc’s portfolio.

Other Hedge Funds, Including , Globeflex Capital L P boosted its stake in IVC in the latest quarter, The investment management firm added 10,400 additional shares and now holds a total of 27,306 shares of Invacare Corporation which is valued at $302,550. Invacare Corporation makes up approx 0.08% of Globeflex Capital L P’s portfolio.Rhumbline Advisers boosted its stake in IVC in the latest quarter, The investment management firm added 4,665 additional shares and now holds a total of 56,739 shares of Invacare Corporation which is valued at $628,668. Quadrant Capital Group added IVC to its portfolio by purchasing 52 company shares during the most recent quarter which is valued at $584.

Invacare Corporation opened for trading at $10.94 and hit $11.05 on the upside on Tuesday, eventually ending the session at $11, with a gain of 0.82% or 0.09 points. The heightened volatility saw the trading volume jump to 4,94,794 shares. Company has a market cap of $357 M.

On the company’s financial health, Invacare Corporation reported $-0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.22. The company had revenue of $257.60 million for the quarter, compared to analysts expectations of $272.17 million. The company’s revenue was down -10.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.21 EPS.

Invacare Corporation is a manufacturer and distributor for medical equipment used in the home and long-term care settings based upon its distribution channels breadth of product line and net sales. The Company designs manufactures and distributes health care products for the non-acute care environment including the home health care and extended care markets. It operates in North America Asia/Pacific and Europe and includes North America/Home Medical Equipment with Mobility and Seating Lifestyle and Respiratory Therapy product lines and Institutional Products Group segments in the United States and Canada. The Company sells its products to home health care and medical equipment providers distributors and government locations in the United States Europe Canada New Zealand Australia and Asia. Its products are sold through its sales force telesales associates and independent manufacturers’ representatives and distributors across the world.

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