Schwab Charles Investment Management Inc. increased its stake in shares of Invacare Corporation (NYSE:IVC) by 10.8% during the first quarter, Holdings Channel reports. The institutional investor owned 351,692 shares of the health services provider’s stock after buying an additional 34,189 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Invacare Corporation were worth $4,186,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in IVC. Pacific Ridge Capital Partners LLC increased its stake in shares of Invacare Corporation by 29.8% in the first quarter. Pacific Ridge Capital Partners LLC now owns 41,450 shares of the health services provider’s stock valued at $493,000 after buying an additional 9,510 shares in the last quarter. AlphaOne Investment Services LLC increased its stake in shares of Invacare Corporation by 3.3% in the first quarter. AlphaOne Investment Services LLC now owns 349,848 shares of the health services provider’s stock valued at $4,163,000 after buying an additional 11,069 shares in the last quarter. Alambic Investment Management L.P. increased its stake in shares of Invacare Corporation by 20.3% in the first quarter. Alambic Investment Management L.P. now owns 146,231 shares of the health services provider’s stock valued at $1,740,000 after buying an additional 24,700 shares in the last quarter. State of Tennessee Treasury Department increased its stake in shares of Invacare Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 27,500 shares of the health services provider’s stock valued at $327,000 after buying an additional 4,150 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Invacare Corporation by 15.1% in the first quarter. Parametric Portfolio Associates LLC now owns 167,334 shares of the health services provider’s stock valued at $1,991,000 after buying an additional 21,913 shares in the last quarter.

Shares of Invacare Corporation (NYSE IVC) traded up 0.919% during midday trading on Tuesday, reaching $13.725. The company had a trading volume of 44,378 shares. Invacare Corporation has a 52-week low of $8.00 and a 52-week high of $16.65. The company’s 50-day moving average is $13.88 and its 200-day moving average is $12.90. The firm’s market cap is $451.14 million.

Invacare Corporation (NYSE:IVC) last posted its earnings results on Monday, August 7th. The health services provider reported ($0.63) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by $0.21. The business had revenue of $233.50 million for the quarter, compared to the consensus estimate of $243.03 million. Invacare Corporation had a negative return on equity of 12.79% and a negative net margin of 6.42%. The business’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. Equities research analysts expect that Invacare Corporation will post ($1.65) EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was reported by Watch List News and is the property of of Watch List News. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.watchlistnews.com/schwab-charles-investment-management-inc-has-4-19-million-position-in-invacare-corporation-ivc/1491792.html.

Several equities research analysts have recently commented on the company. BidaskClub downgraded Invacare Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. ValuEngine raised Invacare Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Stephens raised Invacare Corporation from an “equal weight” rating to an “overweight” rating in a report on Friday, April 28th. Zacks Investment Research downgraded Invacare Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Finally, Sidoti reissued a “neutral” rating and issued a $12.00 price objective (down from $14.00) on shares of Invacare Corporation in a research note on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.50.

About Invacare Corporation

Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific.

Want to see what other hedge funds are holding IVC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invacare Corporation (NYSE:IVC).

Institutional Ownership by Quarter for Invacare Corporation (NYSE:IVC)

Receive News & Ratings for Invacare Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invacare Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.