Mariko Gordon’s Daruma Capital Management Llc Acquired Stake in Invacare Corp

February 15, 2018 - By Vivian Currie

 Mariko Gordon's Daruma Capital Management Llc Acquired Stake in Invacare Corp

Investors sentiment decreased to 1.63 in Q3 2017. Its down 0.31, from 1.94 in 2017Q2. It dived, as 11 investors sold Invacare Corporation shares while 29 reduced holdings. 12 funds opened positions while 53 raised stakes. 42.33 million shares or 11.81% more from 37.86 million shares in 2017Q2 were reported.

Boston Partners owns 158,290 shares for 0% of their portfolio. Manatuck Hill holds 0.08% or 10,000 shares in its portfolio. Tocqueville Asset Mngmt L P reported 0.08% stake. Geode Capital Ltd Limited Liability Company stated it has 262,365 shares or 0% of all its holdings. Axa owns 13,500 shares. Tiaa Cref Invest Lc holds 86,622 shares or 0% of its portfolio. Vanguard Gru reported 3.07 million shares or 0% of all its holdings. Blackrock Incorporated accumulated 5.17 million shares. South Dakota Investment Council has invested 0.04% in Invacare Corporation (NYSE:IVC). Arizona State Retirement System invested in 17,024 shares. Pub Employees Retirement Association Of Colorado accumulated 0% or 7,352 shares. Guggenheim Capital Ltd owns 226,446 shares for 0.01% of their portfolio. Pinebridge Invs Lp has 59,667 shares for 0.02% of their portfolio. Adage Prns Group Inc Limited Liability Company holds 0.03% of its portfolio in Invacare Corporation (NYSE:IVC) for 800,000 shares. Cornerstone Capital Ltd Limited Liability Company has 0% invested in Invacare Corporation (NYSE:IVC).

Since September 13, 2017, it had 0 insider purchases, and 1 insider sale for $94,697 activity.

The New Mariko Gordon’s Daruma Capital Management Llc Holding in Invacare Corp

Daruma Capital Management Llc reported SC 13G/A form with the SEC for Invacare Corp. Access it here: 000108514618000822. As reported by Mariko Gordon’s Daruma Capital Management Llc, the filler owns 7.82% or 2,566,583 shares of the Health Care–company.

Invacare Corp stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Mariko Gordon’s Daruma Capital Management Llc’s positive view for Invacare Corp. For a hedge fund managing $2.31 billion in assets and having 20+ experts this is interesting position.

The hedge fund is investor in the Health Care sector. In the manager’s last 13-F, we saw 12% of Mariko Gordon’s Daruma Capital Management Llc’s portfolio is in the sector.

Invacare Corp Institutional Sentiment

Filings show 113 investors own Invacare Corp. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 121383. 28161375 were owned by these investors. 7 funds opened new Invacare Corp stakes, 48 increased positions. There were 17 that closed positions and 35 reduced them.

Krensavage Asset Management Llc is an investor bullish on Invacare Corp, owning 402382 shares as of Q3 2015 for 2.11% of its portfolio. Peter Schliemann Rutabaga Capital Management Llc owns 1356691 shares or 2.42% of its portfolio. PA Irving Magee Investment Management have 2.25% of its portfolio for 299146 shares. Further, Alphaone Investment Services Llc reported stake worth 1.89% of its portfolio. The WI Heartland Advisors Inc owns 3300828 shares. Invacare Corp is 1.75% of its portfolio.

Business Profile

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. The Company manufactures and distributes three product categories: mobility and seating, lifestyle and respiratory therapy. It provides medical device solutions for congenital (cerebral palsy, muscular dystrophy and spina bifida), acquired (stroke, spinal cord injury, traumatic brain injury, post-acute recovery and pressure ulcers) and degenerative (amyotrophic lateral sclerosis, multiple sclerosis, chronic obstructive pulmonary disease (COPD), elderly and bariatric) ailments. The Company sells its products to home medical equipment providers with retail and e-commerce channels, residential living operators, distributors and government health services.

SEC Form 13G.

Mariko Gordon’s Daruma Capital Management Llc website.

It closed at $18.25 lastly. It is down 42.93% since February 15, 2017 and is uptrending. It has outperformed by 26.23% the S&P500.

Invacare Corporation, together with its subsidiaries, designs, makes, distributes, and exports medical equipment for use in home health care, retail, and extended care markets worldwide. The company has market cap of $599.27 million. The firm operates through four divisions: North America/Home Medical Equipment, Institutional Products Group, Europe, and the Asia/Pacific. It currently has negative earnings. It offers mobility and seating products, such as power wheelchairs under the Invacare TDX brand; custom manual wheelchairs under the Invacare, Invacare Top End, and Küschall brand names; and seating and positioning products.

Invacare Corporation (NYSE:IVC) Ratings Coverage

Among 2 analysts covering Invacare Corporation (NYSE:IVC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Invacare Corporation has $21 highest and $17.0 lowest target. $21’s average target is 15.07% above currents $18.25 stock price. Invacare Corporation had 4 analyst reports since April 5, 2017 according to SRatingsIntel. The stock of Invacare Corporation (NYSE:IVC) earned “Buy” rating by KeyBanc Capital Markets on Tuesday, September 26. The stock of Invacare Corporation (NYSE:IVC) has “Overweight” rating given on Monday, May 1 by Stephens. The stock of Invacare Corporation (NYSE:IVC) has “Equal Weight” rating given on Wednesday, April 5 by Stephens. KeyBanc Capital Markets maintained Invacare Corporation (NYSE:IVC) rating on Friday, February 9. KeyBanc Capital Markets has “Overweight” rating and $21 target.

More recent Invacare Corporation (NYSE:IVC) news were published by: Businesswire.com which released: “Invacare Corporation Transfers Küschall Wheelchair Production from Switzerland …” on February 12, 2018. Also Businesswire.com published the news titled: “Invacare Corporation Announces Financial Results for the Fourth Quarter and …” on February 07, 2018. Businesswire.com‘s news article titled: “Invacare Corporation to Host Conference Call and Webcast to Discuss Fourth …” with publication date: January 19, 2018 was also an interesting one.

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