Tygh Capital Management Inc. increased its position in shares of Cotiviti Holdings Inc (NYSE:COTV) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,762 shares of the business services provider’s stock after acquiring an additional 3,602 shares during the quarter. Tygh Capital Management Inc. owned about 0.14% of Cotiviti worth $4,180,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of COTV. Schwab Charles Investment Management Inc. lifted its stake in Cotiviti by 95.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 128,017 shares of the business services provider’s stock valued at $4,755,000 after buying an additional 62,477 shares during the period. Legal & General Group Plc increased its holdings in shares of Cotiviti by 237.7% in the second quarter. Legal & General Group Plc now owns 6,716 shares of the business services provider’s stock worth $250,000 after acquiring an additional 4,727 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Cotiviti by 29.5% in the second quarter. Alliancebernstein L.P. now owns 46,100 shares of the business services provider’s stock worth $1,712,000 after acquiring an additional 10,500 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Cotiviti by 111.9% in the second quarter. Teachers Advisors LLC now owns 48,278 shares of the business services provider’s stock worth $1,793,000 after acquiring an additional 25,497 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Cotiviti by 80.1% in the second quarter. TIAA CREF Investment Management LLC now owns 180,669 shares of the business services provider’s stock worth $6,710,000 after acquiring an additional 80,367 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.
COTV has been the subject of a number of research reports. Citigroup initiated coverage on Cotiviti in a report on Thursday, January 4th. They set a “buy” rating for the company. Zacks Investment Research downgraded Cotiviti from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 2nd. SunTrust Banks restated a “buy” rating and issued a $45.00 price target on shares of Cotiviti in a research note on Friday, November 10th. Deutsche Bank initiated coverage on Cotiviti in a research note on Friday, December 8th. They issued a “hold” rating and a $34.00 price target for the company. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Cotiviti in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.14.
Shares of Cotiviti Holdings Inc (COTV) traded up $0.48 on Wednesday, reaching $32.79. The company’s stock had a trading volume of 144,508 shares, compared to its average volume of 406,671. The firm has a market cap of $3,040.00 and a P/E ratio of 33.29. Cotiviti Holdings Inc has a 52-week low of $30.84 and a 52-week high of $45.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 1.44.
In other Cotiviti news, SVP Jonathan Olefson sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was 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 directly owns 15,149 shares of the company’s stock, valued at approximately $490,373.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Douglas Williams sold 16,655 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $31.25, for a total value of $520,468.75. Following the sale, the chief executive officer now directly owns 2,776,606 shares of the company’s stock, valued at $86,768,937.50. The disclosure for this sale can be found here. Insiders have sold a total of 176,566 shares of company stock worth $5,864,814 over the last ninety days. Company 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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