Charles Schwab Investment Management Inc. Grows Stock Holdings in InnovAge Holding Corp. $INNV

Charles Schwab Investment Management Inc. raised its stake in InnovAge Holding Corp. (NASDAQ:INNV) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,322 shares of the company’s stock after buying an additional 4,535 shares during the period. Charles Schwab Investment Management Inc. owned about 0.12% of InnovAge worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in INNV. BNP Paribas Financial Markets purchased a new stake in InnovAge in the 4th quarter valued at about $123,000. Welch Capital Partners LLC NY lifted its position in shares of InnovAge by 8.4% in the 1st quarter. Welch Capital Partners LLC NY now owns 365,907 shares of the company’s stock worth $1,090,000 after purchasing an additional 28,349 shares during the period. Jane Street Group LLC lifted its position in shares of InnovAge by 230.6% in the 4th quarter. Jane Street Group LLC now owns 39,398 shares of the company’s stock worth $155,000 after purchasing an additional 27,481 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of InnovAge in the 4th quarter worth approximately $68,000. Finally, Northern Trust Corp lifted its position in shares of InnovAge by 4.7% in the 4th quarter. Northern Trust Corp now owns 330,099 shares of the company’s stock worth $1,297,000 after purchasing an additional 14,900 shares during the period. 12.26% of the stock is owned by hedge funds and other institutional investors.

InnovAge Price Performance

Shares of INNV opened at $3.77 on Thursday. The company has a 50 day moving average price of $3.80 and a 200-day moving average price of $3.54. InnovAge Holding Corp. has a fifty-two week low of $2.60 and a fifty-two week high of $6.69. The stock has a market capitalization of $509.00 million, a PE ratio of -16.39 and a beta of 0.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.78 and a current ratio of 0.78.

About InnovAge

InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in its homes and communities. The company manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. It also offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to the PACE center and third-party medical appointments; and care management.