Vanguard Group Inc. increased its position in shares of Invacare Corporation (NYSE:IVC) by 7.1% during the first quarter, Holdings Channel reports. The fund owned 2,827,234 shares of the health services provider’s stock after buying an additional 187,697 shares during the period. Vanguard Group Inc. owned about 0.09% of Invacare Corporation worth $33,644,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Invacare Corporation during the fourth quarter worth $3,143,000. Teachers Advisors LLC raised its stake in shares of Invacare Corporation by 33.4% in the fourth quarter. Teachers Advisors LLC now owns 66,187 shares of the health services provider’s stock worth $864,000 after buying an additional 16,576 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Invacare Corporation by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the health services provider’s stock worth $154,000 after buying an additional 100 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Invacare Corporation by 5.8% in the first quarter. Wells Fargo & Company MN now owns 308,371 shares of the health services provider’s stock worth $3,669,000 after buying an additional 16,896 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Invacare Corporation by 10.9% in the first quarter. Great West Life Assurance Co. Can now owns 44,139 shares of the health services provider’s stock worth $523,000 after buying an additional 4,329 shares during the last quarter.

Shares of Invacare Corporation (NYSE IVC) remained flat at $13.70 on Wednesday. 24,763 shares of the stock were exchanged. The stock’s 50 day moving average price is $13.91 and its 200-day moving average price is $12.92. Invacare Corporation has a one year low of $8.00 and a one year high of $16.65. The firm’s market cap is $450.32 million.

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

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A number of equities research analysts have recently weighed in on IVC shares. Stephens raised shares of Invacare Corporation from an “equal weight” rating to an “overweight” rating in a research note on Friday, April 28th. ValuEngine raised shares of Invacare Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Sidoti reissued a “neutral” rating and set a $12.00 price target (down from $14.00) on shares of Invacare Corporation in a research report on Monday, June 12th. Zacks Investment Research cut shares of Invacare Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Finally, BidaskClub cut shares of Invacare Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has an average 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.

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

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