GW&K Investment Management LLC reduced its position in Cotiviti Holdings Inc (NYSE:COTV) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 808,218 shares of the business services provider’s stock after selling 128,377 shares during the quarter. GW&K Investment Management LLC owned approximately 0.87% of Cotiviti worth $26,033,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of COTV. BNP Paribas Arbitrage SA boosted its stake in shares of Cotiviti by 553.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,137 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 2,657 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Cotiviti by 92.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 5,570 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 2,670 shares during the last quarter. Strategic Global Advisors LLC bought a new position in Cotiviti during the third quarter worth $200,000. Koch Industries Inc. bought a new position in Cotiviti during the second quarter worth $237,000. Finally, Quantbot Technologies LP boosted its stake in Cotiviti by 34.5% during the second quarter. Quantbot Technologies LP now owns 6,420 shares of the business services provider’s stock worth $238,000 after acquiring an additional 1,645 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on COTV. Jefferies Group cut their target price on shares of Cotiviti from $41.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. Robert W. Baird reissued a “buy” rating and set a $44.00 target price on shares of Cotiviti in a research note on Friday, November 3rd. Citigroup began coverage on shares of Cotiviti in a research note on Thursday, January 4th. They set a “buy” rating on the stock. Zacks Investment Research lowered shares of Cotiviti from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Finally, BidaskClub lowered shares of Cotiviti from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Cotiviti currently has a consensus rating of “Hold” and an average target price of $41.14.
Cotiviti Holdings Inc (COTV) traded down $0.01 on Monday, reaching $32.32. 200,575 shares of the company’s stock traded hands, compared to its average volume of 424,847. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.44 and a current ratio of 1.44. Cotiviti Holdings Inc has a 1 year low of $30.84 and a 1 year high of $45.97. The firm has a market capitalization of $2,986.28, a P/E ratio of 33.32, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65.
In other news, CEO J Douglas Williams sold 8,364 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $31.71, for a total value of $265,222.44. Following the completion of the sale, the chief executive officer now owns 2,759,951 shares in the company, valued at $87,518,046.21. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jonathan Olefson sold 15,000 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $32.37, for a total transaction of $485,550.00. Following the completion of the sale, the senior vice president now owns 15,149 shares of the company’s stock, valued at approximately $490,373.13. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 176,566 shares of company stock worth $5,864,814. Corporate insiders own 15.80% of the company’s stock.
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Cotiviti Company Profile
Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company focuses primarily on the healthcare sector. The Company operates through two segments: Healthcare, and Global Retail and Other. Through its Healthcare segment, the Company offers prospective and retrospective claims accuracy solutions to healthcare payers in the United States.
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