Today: Today: Cohen Capital Management Inc. decides to keep it stake in Cotiviti Holdings Inc (COTV) to the level of $5,278,000

Today: Cohen Capital Management Inc. decides to keep it stake in Cotiviti Holdings Inc (COTV) to the level of $5,278,000

Cohen Capital Management Inc. increased its stake in Cotiviti Holdings Inc (NASDAQ:COTV) by 10.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,411 shares of the company’s stock after buying an additional 14,646 shares during the period. Cotiviti Holdings accounts for approximately 1.5% of Cohen Capital Management Inc.’s investment portfolio, making the stock its 28th largest position. Cohen Capital Management Inc.’s holdings in Cotiviti Holdings were worth $5,278,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Point72 Asset Management L.P. bought a new stake in shares of Cotiviti Holdings during the second quarter valued at approximately $123,000. American International Group Inc. bought a new stake in shares of Cotiviti Holdings during the second quarter valued at approximately $154,000. BlackRock Inc. bought a new stake in shares of Cotiviti Holdings during the second quarter valued at approximately $164,000. Nationwide Fund Advisors bought a new stake in shares of Cotiviti Holdings during the second quarter valued at approximately $180,000. Finally, Barclays PLC bought a new stake in shares of Cotiviti Holdings during the second quarter valued at approximately $180,000.

Cotiviti Holdings Inc (NASDAQ:COTV) traded down 1.35% during mid-day trading on Monday, reaching $31.45. 267,766 shares of the company were exchanged. Cotiviti Holdings Inc has a 12 month low of $17.00 and a 12 month high of $36.44. The stock has a market capitalization of $2.84 billion and a P/E ratio of 80.64. The company’s 50 day moving average price is $32.76 and its 200-day moving average price is $27.76.

Cotiviti Holdings (NASDAQ:COTV) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.05. The company had revenue of $156.20 million for the quarter, compared to the consensus estimate of $151.40 million. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities analysts expect that Cotiviti Holdings Inc will post $1.35 earnings per share for the current fiscal year.

A number of research firms have commented on COTV. SunTrust Banks Inc. set a $33.00 price objective on shares of Cotiviti Holdings and gave the company a “buy” rating in a research note on Thursday, August 11th. Barclays PLC set a $36.00 price target on shares of Cotiviti Holdings and gave the stock a “buy” rating in a research note on Thursday, November 10th. Zacks Investment Research upgraded shares of Cotiviti Holdings from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Wednesday, October 19th. Citigroup Inc. boosted their price target on shares of Cotiviti Holdings from $21.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, August 11th. Finally, JPMorgan Chase & Co. started coverage on shares of Cotiviti Holdings in a research note on Friday, October 28th. They set an “overweight” rating on the stock. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $29.25.

About Cotiviti Holdings

Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company is focused primarily on the healthcare sector. The Company’s integrated solutions help clients manage payment accuracy in healthcare environment. The Company operates in two segments: Healthcare, and Global Retail and Other.

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