S. Muoio & CO. LLC purchased a new stake in Cotiviti Holdings Inc (NYSE:COTV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,000 shares of the business services provider’s stock, valued at approximately $883,000.

Several other hedge funds have also recently made changes to their positions in COTV. SG Americas Securities LLC purchased a new stake in shares of Cotiviti during the first quarter valued at $124,000. Bank of Montreal Can bought a new position in Cotiviti in the second quarter worth about $213,000. GSA Capital Partners LLP acquired a new position in shares of Cotiviti during the first quarter valued at about $214,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Cotiviti during the first quarter valued at about $239,000. Finally, Amalgamated Bank acquired a new position in shares of Cotiviti during the second quarter valued at about $262,000. 90.36% of the stock is owned by institutional investors.

In other Cotiviti news, COO David Beaulieu sold 5,000 shares of Cotiviti stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $44.41, for a total transaction of $222,050.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jonathan Olefson sold 20,000 shares of Cotiviti stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $41.10, for a total transaction of $822,000.00. Following the completion of the transaction, the senior vice president now owns 20,884 shares of the company’s stock, valued at approximately $858,332.40. The disclosure for this sale can be found here. 7.50% of the stock is owned by company insiders.

COTV has been the topic of a number of recent research reports. Zacks Investment Research lowered Cotiviti from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 3rd. Citigroup downgraded Cotiviti from a “buy” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research note on Wednesday, July 18th. Credit Suisse Group downgraded Cotiviti from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $46.00 to $44.75 in a research note on Thursday, June 21st. Leerink Swann cut Cotiviti from an “outperform” rating to a “market perform” rating and set a $48.00 target price for the company. in a report on Tuesday, July 3rd. Finally, William Blair cut Cotiviti from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 19th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Cotiviti currently has an average rating of “Hold” and a consensus target price of $36.07.

Shares of Cotiviti stock remained flat at $$44.74 on Friday. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.61. The stock has a market cap of $4.20 billion, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 2.10 and a beta of 0.52. Cotiviti Holdings Inc has a one year low of $30.84 and a one year high of $44.76.

Cotiviti (NYSE:COTV) last released its quarterly earnings data on Thursday, July 26th. The business services provider reported $0.46 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $183.38 million. During the same period last year, the company posted $0.38 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. research analysts anticipate that Cotiviti Holdings Inc will post 1.67 earnings per share for the current fiscal year.

About Cotiviti

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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