InnovAge Holding Corp. (NASDAQ:INNV) Stake Lifted by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. boosted its stake in InnovAge Holding Corp. (NASDAQ:INNV - Free Report) by 5.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,037,688 shares of the company's stock after purchasing an additional 281,551 shares during the period. T. Rowe Price Investment Management Inc. owned about 3.72% of InnovAge worth $19,799,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of InnovAge in the fourth quarter worth $43,000. JPMorgan Chase & Co. raised its position in InnovAge by 191.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 24,687 shares of the company's stock valued at $148,000 after purchasing an additional 16,217 shares in the last quarter. Barclays PLC raised its position in InnovAge by 289.0% in the 3rd quarter. Barclays PLC now owns 25,614 shares of the company's stock valued at $154,000 after purchasing an additional 19,029 shares in the last quarter. Renaissance Technologies LLC raised its position in InnovAge by 14.5% in the 4th quarter. Renaissance Technologies LLC now owns 162,000 shares of the company's stock valued at $637,000 after purchasing an additional 20,500 shares in the last quarter. Finally, State Street Corp raised its position in InnovAge by 1.2% in the 3rd quarter. State Street Corp now owns 344,905 shares of the company's stock valued at $2,069,000 after purchasing an additional 4,218 shares in the last quarter. Institutional investors and hedge funds own 12.26% of the company's stock.

InnovAge Stock Performance

INNV stock remained flat at $3.05 during mid-day trading on Tuesday. The company's stock had a trading volume of 36,831 shares, compared to its average volume of 52,447. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $412.49 million, a P/E ratio of -16.05 and a beta of 0.41. The company has a fifty day moving average of $3.07 and a two-hundred day moving average of $4.01. InnovAge Holding Corp. has a 52 week low of $2.21 and a 52 week high of $6.69.

InnovAge (NASDAQ:INNV - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.10) earnings per share (EPS) for the quarter. InnovAge had a negative net margin of 3.19% and a negative return on equity of 9.45%. As a group, analysts predict that InnovAge Holding Corp. will post -0.12 earnings per share for the current year.

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.