Cotiviti Holdings Inc (NYSE:COTV) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $41.14.
COTV has been the subject of a number of analyst reports. SunTrust Banks restated a “buy” rating and set a $45.00 price objective on shares of Cotiviti in a research note on Friday, November 10th. Citigroup initiated coverage on Cotiviti in a research note on Thursday, January 4th. They set a “buy” rating for the company. Robert W. Baird restated a “buy” rating and set a $44.00 price objective on shares of Cotiviti in a research note on Friday, November 3rd. Deutsche Bank began coverage on Cotiviti in a research note on Friday, December 8th. They set a “hold” rating and a $34.00 price objective for the company. Finally, Jefferies Group decreased their price target on Cotiviti from $41.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, November 3rd.
Shares of Cotiviti (NYSE COTV) traded up $0.22 during midday trading on Wednesday, hitting $33.93. The company had a trading volume of 312,400 shares, compared to its average volume of 407,324. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. The stock has a market cap of $3,134.07, a PE ratio of 34.98, a P/E/G ratio of 1.73 and a beta of 0.65. Cotiviti has a 1 year low of $30.84 and a 1 year high of $45.97.
Hedge funds have recently made changes to their positions in the company. Cigna Investments Inc. New acquired a new position in shares of Cotiviti in the fourth quarter valued at about $264,000. California State Teachers Retirement System increased its holdings in shares of Cotiviti by 24.7% in the third quarter. California State Teachers Retirement System now owns 58,770 shares of the business services provider’s stock valued at $2,115,000 after purchasing an additional 11,645 shares during the period. Summit Creek Advisors LLC acquired a new position in shares of Cotiviti in the third quarter valued at about $7,504,000. American International Group Inc. increased its holdings in shares of Cotiviti by 48.8% in the third quarter. American International Group Inc. now owns 24,565 shares of the business services provider’s stock valued at $884,000 after purchasing an additional 8,057 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of Cotiviti by 233.8% in the second quarter. Royal Bank of Canada now owns 24,611 shares of the business services provider’s stock valued at $914,000 after purchasing an additional 17,238 shares during the period. 87.06% of the stock is currently owned by institutional investors and hedge funds.
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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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