Wedge Capital Management L L P NC raised its position in shares of RTI Surgical Inc (NASDAQ:RTIX) by 33.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 335,700 shares of the medical equipment provider’s stock after acquiring an additional 84,200 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.55% of RTI Surgical worth $1,376,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Prudential Financial Inc. purchased a new position in RTI Surgical in the 3rd quarter worth approximately $111,000. SG Americas Securities LLC purchased a new stake in RTI Surgical during the 4th quarter valued at $113,000. Citadel Advisors LLC raised its stake in RTI Surgical by 85.7% during the 3rd quarter. Citadel Advisors LLC now owns 26,786 shares of the medical equipment provider’s stock valued at $122,000 after buying an additional 12,361 shares during the last quarter. Citigroup Inc. raised its stake in RTI Surgical by 2,850.1% during the 2nd quarter. Citigroup Inc. now owns 21,152 shares of the medical equipment provider’s stock valued at $124,000 after buying an additional 20,435 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in RTI Surgical during the 3rd quarter valued at $144,000. 70.17% of the stock is currently owned by institutional investors and hedge funds.
RTI Surgical Inc (NASDAQ:RTIX) traded up $0.10 on Wednesday, hitting $4.50. 93,700 shares of the company’s stock traded hands, compared to its average volume of 130,592. RTI Surgical Inc has a twelve month low of $3.01 and a twelve month high of $6.00. The company has a market cap of $267.66, a P/E ratio of -63.57, a PEG ratio of 1.96 and a beta of 1.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.34 and a quick ratio of 1.21.
Separately, BidaskClub lowered RTI Surgical from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 14th.
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RTI Surgical Profile
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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