Pura Vida Investments buys $3,641,625 stake in Invacare Corporation (IVC)

Invacare Corporation (IVC) : Pura Vida Investments scooped up 67,500 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 292,500 shares of Invacare Corporation which is valued at $3,641,625.Invacare Corporation makes up approximately 1.79% of Pura Vida Investments’s portfolio.

Other Hedge Funds, Including , Walleye Trading added IVC to its portfolio by purchasing 1,600 company shares during the most recent quarter which is valued at $19,920.Parametric Portfolio Associates boosted its stake in IVC in the latest quarter, The investment management firm added 103,247 additional shares and now holds a total of 224,092 shares of Invacare Corporation which is valued at $2,789,945.Tiaa Cref Investment Management boosted its stake in IVC in the latest quarter, The investment management firm added 40,214 additional shares and now holds a total of 188,322 shares of Invacare Corporation which is valued at $2,344,609.Dimensional Fund Advisors Lp boosted its stake in IVC in the latest quarter, The investment management firm added 15,633 additional shares and now holds a total of 2,475,603 shares of Invacare Corporation which is valued at $29,286,383. Invacare Corporation makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio.Barrow Hanley Mewhinney Strauss boosted its stake in IVC in the latest quarter, The investment management firm added 46,592 additional shares and now holds a total of 254,128 shares of Invacare Corporation which is valued at $3,209,637.

Invacare Corporation closed down -0.08 points or -0.67% at $11.79 with 3,80,429 shares getting traded on Thursday. Post opening the session at $11.84, the shares hit an intraday low of $11.565 and an intraday high of $11.89 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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