Alphaone Investment Services buys $4,248,600 stake in Invacare Corporation (IVC)

Invacare Corporation (IVC) : Alphaone Investment Services scooped up 54,253 additional shares in Invacare Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 341,253 shares of Invacare Corporation which is valued at $4,248,600.Invacare Corporation makes up approximately 1.62% of Alphaone Investment Services’s portfolio.

Other Hedge Funds, Including , Millennium Management boosted its stake in IVC in the latest quarter, The investment management firm added 552,400 additional shares and now holds a total of 682,269 shares of Invacare Corporation which is valued at $8,494,249. Invacare Corporation makes up approx 0.02% of Millennium Management’s portfolio.Oppenheimerfunds boosted its stake in IVC in the latest quarter, The investment management firm added 9,586 additional shares and now holds a total of 47,226 shares of Invacare Corporation which is valued at $587,964. Los Angeles Capital Management Equity Research Inc added IVC to its portfolio by purchasing 23,250 company shares during the most recent quarter which is valued at $293,648.Royce Associates Lp reduced its stake in IVC by selling 47,800 shares or 5.19% in the most recent quarter. The Hedge Fund company now holds 872,850 shares of IVC which is valued at $11,024,096. Invacare Corporation makes up approx 0.07% of Royce Associates Lp’s portfolio.California State Teachers Retirement System reduced its stake in IVC by selling 2,044 shares or 2.98% in the most recent quarter. The Hedge Fund company now holds 66,471 shares of IVC which is valued at $769,069.

Invacare Corporation opened for trading at $12.42 and hit $12.58 on the upside on Wednesday, eventually ending the session at $12.49, with a gain of 0.24% or 0.03 points. The heightened volatility saw the trading volume jump to 137,058 shares. Company has a market cap of $406 M.

On the company’s financial health, Invacare Corporation reported $-0.33 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.24. The company had revenue of $275.00 million for the quarter, compared to analysts expectations of $267.60 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.23 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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