Linden Advisors Lp Exits Position in Invacare Corporation (IVC)

Invacare Corporation (IVC) : Linden Advisors Lp has sold out all of its stake in Invacare Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 48,554 shares of Invacare Corporation which is valued at $604,497.

Other Hedge Funds, Including , Gotham Asset Management sold out all of its stake in IVC during the most recent quarter. The investment firm sold 26,292 shares of IVC which is valued $327,335. Coe Capital Management added IVC to its portfolio by purchasing 19,166 company shares during the most recent quarter which is valued at $238,617. Invacare Corporation makes up approx 0.08% of Coe Capital Management’s portfolio.Krensavage Asset Management boosted its stake in IVC in the latest quarter, The investment management firm added 289,955 additional shares and now holds a total of 901,440 shares of Invacare Corporation which is valued at $11,222,928. Invacare Corporation makes up approx 3.88% of Krensavage Asset Management’s portfolio. 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.State Board Of Administration Of Florida Retirement System reduced its stake in IVC by selling 26 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 28,922 shares of IVC which is valued at $336,074.

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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