Invacare Corp (IVC) Stock Rose While Northpointe Capital LLC Has Cut Position by $4.02 Million

April 17, 2018 - By Hazel Jackson

Invacare Corporation (NYSE:IVC) LogoInvestors sentiment decreased to 1.37 in Q4 2017. Its down 0.26, from 1.63 in 2017Q3. It dropped, as 10 investors sold IVC shares while 39 reduced holdings. 21 funds opened positions while 46 raised stakes. 42.21 million shares or 0.28% less from 42.33 million shares in 2017Q3 were reported. D E Shaw & holds 0.01% or 399,063 shares. Engineers Gate Manager Ltd Partnership reported 33,376 shares. Goldman Sachs Grp Inc holds 1.23 million shares or 0% of its portfolio. Legal And General Public Ltd Llc has 59,583 shares. Glenmede Tru Na invested 0% of its portfolio in Invacare Corporation (NYSE:IVC). Hsbc Public Ltd, a United Kingdom-based fund reported 12,823 shares. Pnc Gru Incorporated reported 884 shares. Royal Savings Bank Of Canada accumulated 872,073 shares or 0.01% of the stock. Moreover, Adirondack Research & Mngmt Inc has 2.48% invested in Invacare Corporation (NYSE:IVC) for 375,609 shares. 1,600 are held by Zurcher Kantonalbank (Zurich Cantonalbank). Assetmark, California-based fund reported 11 shares. State Of Tennessee Treasury Department holds 25,965 shares. Mason Street Advsrs Ltd reported 8,539 shares. Ny State Common Retirement Fund holds 72,478 shares or 0% of its portfolio. Renaissance Ltd Llc accumulated 309,100 shares.

Since February 15, 2018, it had 0 buys, and 1 insider sale for $62,501 activity.

Northpointe Capital Llc decreased its stake in Invacare Corp (IVC) by 21.82% based on its latest 2017Q4 regulatory filing with the SEC. Northpointe Capital Llc sold 251,249 shares as the company’s stock rose 0.88% while stock markets declined. The institutional investor held 900,451 shares of the industrial specialties company at the end of 2017Q4, valued at $15.17M, down from 1.15M at the end of the previous reported quarter. Northpointe Capital Llc who had been investing in Invacare Corp for a number of months, seems to be less bullish one the $622.78M market cap company. The stock increased 0.27% or $0.05 during the last trading session, reaching $18.8. About 319,431 shares traded. Invacare Corporation (NYSE:IVC) has risen 45.34% since April 17, 2017 and is uptrending. It has outperformed by 33.79% the S&P500.

Northpointe Capital Llc, which manages about $1.18B and $892.52M US Long portfolio, upped its stake in Midland Sts Bancorp Inc Ill by 255,865 shares to 507,800 shares, valued at $16.49 million in 2017Q4, according to the filing. It also increased its holding in Horizon Global Corp by 219,992 shares in the quarter, for a total of 1.07M shares, and has risen its stake in Jpmorgan Chase & Co (NYSE:JPM).

Analysts await Invacare Corporation (NYSE:IVC) to report earnings on May, 14. They expect $-0.48 earnings per share, down 2.13 % or $0.01 from last year’s $-0.47 per share. After $-0.42 actual earnings per share reported by Invacare Corporation for the previous quarter, Wall Street now forecasts 14.29 % negative EPS growth.

Invacare Corporation (NYSE:IVC) Institutional Positions Chart

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