RTI Surgical, Inc. (RTIX) Position Lifted by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY increased its stake in shares of RTI Surgical, Inc. (NASDAQ:RTIX) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,799,165 shares of the medical equipment provider’s stock after purchasing an additional 106,995 shares during the period. RTI Surgical accounts for about 2.3% of Paradigm Capital Management Inc. NY’s holdings, making the stock its 10th biggest position. Paradigm Capital Management Inc. NY owned about 9.53% of RTI Surgical worth $26,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its position in shares of RTI Surgical by 2.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 87,767 shares of the medical equipment provider’s stock worth $513,000 after purchasing an additional 1,782 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of RTI Surgical by 1.1% during the 2nd quarter. Victory Capital Management Inc. now owns 220,569 shares of the medical equipment provider’s stock worth $1,290,000 after purchasing an additional 2,295 shares during the last quarter. American International Group Inc. raised its position in shares of RTI Surgical by 7.0% during the 1st quarter. American International Group Inc. now owns 35,371 shares of the medical equipment provider’s stock worth $141,000 after purchasing an additional 2,327 shares during the last quarter. Bank of America Corp DE raised its position in shares of RTI Surgical by 6.4% during the 1st quarter. Bank of America Corp DE now owns 39,786 shares of the medical equipment provider’s stock worth $159,000 after purchasing an additional 2,389 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in RTI Surgical by 12.1% in the 2nd quarter. Voya Investment Management LLC now owns 40,247 shares of the medical equipment provider’s stock worth $235,000 after acquiring an additional 4,356 shares during the period. Hedge funds and other institutional investors own 69.90% of the company’s stock.

Several analysts have commented on the stock. Zacks Investment Research raised shares of RTI Surgical from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. BidaskClub cut shares of RTI Surgical from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th.

RTI Surgical, Inc. (RTIX) remained flat at $$4.75 during mid-day trading on Friday. The company had a trading volume of 188,100 shares, compared to its average volume of 137,439. The stock has a market capitalization of $288.95, a PE ratio of 118.75, a PEG ratio of 6.33 and a beta of 1.73. The company has a current ratio of 3.34, a quick ratio of 1.03 and a debt-to-equity ratio of 0.25. RTI Surgical, Inc. has a 52-week low of $2.70 and a 52-week high of $6.00.

RTI Surgical (NASDAQ:RTIX) last released its earnings results on Thursday, November 2nd. The medical equipment provider reported $0.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. RTI Surgical had a net margin of 1.01% and a return on equity of 2.29%. The firm had revenue of $66.69 million during the quarter, compared to analysts’ expectations of $65.63 million. RTI Surgical’s revenue was up .2% compared to the same quarter last year. analysts predict that RTI Surgical, Inc. will post 0.05 EPS for the current year.

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In related news, Director Nicholas J. Valeriani acquired 5,500 shares of the stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of $4.70 per share, with a total value of $25,850.00. Following the purchase, the director now directly owns 47,754 shares of the company’s stock, valued at $224,443.80. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.90% of the stock is owned by insiders.

About RTI Surgical

RTI Surgical, Inc is engaged in producing orthopedic and other surgical implants that repair and promote the natural healing of human bone and other human tissues. The Company uses natural tissues, metals and synthetics process to produce its products. The Company’s business primarily consists of six categories, such as spine, sports medicine, ortho fixation, bone graft substitutes and general orthopedic (BGS and general orthopedic), dental and surgical specialties.

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Institutional Ownership by Quarter for RTI Surgical (NASDAQ:RTIX)

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