Cotiviti Holdings Inc (COTV) Shares Bought by SG Americas Securities LLC

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SG Americas Securities LLC boosted its stake in shares of Cotiviti Holdings Inc (NYSE:COTV) by 134.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,445 shares of the business services provider’s stock after buying an additional 4,848 shares during the period. SG Americas Securities LLC’s holdings in Cotiviti were worth $373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Barclays PLC grew its stake in shares of Cotiviti by 21.6% in the 1st quarter. Barclays PLC now owns 11,068 shares of the business services provider’s stock valued at $381,000 after buying an additional 1,966 shares in the last quarter. First Quadrant L P CA boosted its position in Cotiviti by 21.2% during the second quarter. First Quadrant L P CA now owns 14,005 shares of the business services provider’s stock worth $618,000 after purchasing an additional 2,453 shares during the period. BB&T Securities LLC boosted its position in Cotiviti by 28.2% during the first quarter. BB&T Securities LLC now owns 11,432 shares of the business services provider’s stock worth $393,000 after purchasing an additional 2,517 shares during the period. Swiss National Bank boosted its position in Cotiviti by 4.6% during the first quarter. Swiss National Bank now owns 72,300 shares of the business services provider’s stock worth $2,490,000 after purchasing an additional 3,200 shares during the period. Finally, Rhumbline Advisers boosted its position in Cotiviti by 11.3% during the second quarter. Rhumbline Advisers now owns 38,291 shares of the business services provider’s stock worth $1,690,000 after purchasing an additional 3,895 shares during the period. Hedge funds and other institutional investors own 90.36% of the company’s stock.

COTV has been the subject of a number of research analyst reports. Zacks Investment Research lowered Cotiviti from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 3rd. Citigroup lowered Cotiviti from a “buy” rating to a “neutral” rating and set a $29.00 target price for the company. in a research note on Wednesday, July 18th. Credit Suisse Group cut Cotiviti from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $46.00 to $44.75 in a research report on Thursday, June 21st. Leerink Swann cut Cotiviti from an “outperform” rating to a “market perform” rating and set a $48.00 price target on the stock. in a research report on Tuesday, July 3rd. Finally, William Blair cut Cotiviti from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 19th. One equities research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. Cotiviti currently has a consensus rating of “Hold” and an average target price of $35.48.

Cotiviti stock remained flat at $$44.74 during mid-day trading on Friday. The company has a market cap of $4.20 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 2.10 and a beta of 0.52. Cotiviti Holdings Inc has a 12-month low of $30.84 and a 12-month high of $44.76. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.61.

Cotiviti (NYSE:COTV) last posted its quarterly earnings results on Thursday, July 26th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. Cotiviti had a return on equity of 12.44% and a net margin of 21.49%. The business had revenue of $176.85 million for the quarter, compared to analysts’ expectations of $183.38 million. During the same quarter last year, the business earned $0.38 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Cotiviti Holdings Inc will post 1.67 EPS for the current fiscal year.

In other Cotiviti news, COO David Beaulieu sold 5,000 shares of the stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $44.41, for a total value of $222,050.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 7.50% of the company’s stock.

Cotiviti Profile

Cotiviti Holdings, Inc, through its subsidiaries, provides analytics-driven payment accuracy and spend management solutions primarily for the healthcare sector in the United States, Canada, the United Kingdom, and India. It operates through two segments, Healthcare, and Global Retail and Other. The company offers prospective claims accuracy solutions that enable healthcare clients identify and address claim discrepancies immediately following claim adjudication and before a claim is paid to a healthcare provider; and retrospective claims accuracy solutions that enable health insurers identify and resolve payment inaccuracies after a claim has been paid to a healthcare provider.

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Institutional Ownership by Quarter for Cotiviti (NYSE:COTV)

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