Northpointe Capital LLC Stake in Invacare Corp (IVC) Decreased by $4.02 Million

April 17, 2018 - By Darrin Black

Invacare Corporation (NYSE:IVC) LogoInvestors sentiment decreased to 1.37 in Q4 2017. Its down 0.26, from 1.63 in 2017Q3. It turned negative, 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. Heartland Advsrs reported 226,819 shares. Atlantic Grp Ltd Limited Liability Company invested in 130 shares. Legal & General Group Inc Public Ltd Co holds 0% or 59,583 shares in its portfolio. Invesco Limited invested in 1.74M shares or 0.01% of the stock. Krensavage Asset Mgmt Ltd Limited Liability Company has invested 5.82% of its portfolio in Invacare Corporation (NYSE:IVC). Ls Investment Advsr Ltd Liability Corp owns 0% invested in Invacare Corporation (NYSE:IVC) for 994 shares. Renaissance Techs Ltd Liability owns 309,100 shares or 0.01% of their US portfolio. Harvey Limited Liability Company reported 127,000 shares. Glenmede Trust Na owns 124 shares or 0% of their US portfolio. Mason Street Advsr Ltd Company reported 0% stake. Public Employees Retirement Sys Of Ohio stated it has 7,179 shares. Ny State Common Retirement Fund holds 0% or 72,478 shares. Goldman Sachs Grp Inc has 1.23M shares. Blackrock Inc accumulated 4.47M shares. State Street Corporation stated it has 0% of its portfolio in Invacare Corporation (NYSE:IVC).

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 $15.17 million, down from 1.15 million 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 $622.78 million 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 Johnson & Johnson (NYSE:JNJ) by 22,216 shares to 78,929 shares, valued at $11.03 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 1.07 million shares, and has risen its stake in Meta Finl Group Inc (NASDAQ:CASH).

Analysts await Invacare Corporation (NYSE:IVC) to report earnings on May, 14. They expect $-0.48 EPS, down 2.13 % or $0.01 from last year’s $-0.47 per share. After $-0.42 actual EPS 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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