HPM Partners LLC Purchases New Stake in Alphatec Holdings, Inc. (ATEC)

HPM Partners LLC bought a new position in shares of Alphatec Holdings, Inc. (NASDAQ:ATEC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 193,499 shares of the medical technology company’s stock, valued at approximately $515,000. HPM Partners LLC owned 1.16% of Alphatec as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in Alphatec by 10.2% during the 4th quarter. Renaissance Technologies LLC now owns 359,087 shares of the medical technology company’s stock worth $955,000 after acquiring an additional 33,300 shares during the period. Armistice Capital LLC grew its holdings in Alphatec by 18.2% during the 4th quarter. Armistice Capital LLC now owns 778,414 shares of the medical technology company’s stock worth $2,071,000 after acquiring an additional 120,000 shares during the period. Finally, Broadfin Capital LLC acquired a new stake in Alphatec during the 4th quarter worth $387,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

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A number of analysts have commented on ATEC shares. Zacks Investment Research raised shares of Alphatec from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. HC Wainwright set a $4.00 target price on shares of Alphatec and gave the stock a “buy” rating in a report on Tuesday, March 13th.

Shares of NASDAQ ATEC opened at $3.35 on Friday. The firm has a market cap of $84.05, a PE ratio of -9.31 and a beta of 1.25. Alphatec Holdings, Inc. has a twelve month low of $1.58 and a twelve month high of $4.27. The company has a current ratio of 2.23, a quick ratio of 1.32 and a debt-to-equity ratio of -1.42.

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About Alphatec

Alphatec Holdings, Inc, a medical technology company, focuses on the design, development, and promotion of products for the surgical treatment of spine disorders. Its product portfolio and pipeline address the cervical, thoracolumbar, and intervertebral regions of the spine; and cover various spinal disorders and surgical procedures.

Institutional Ownership by Quarter for Alphatec (NASDAQ:ATEC)

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