Renaissance Technologies LLC raised its stake in Exactech, Inc. (NASDAQ:EXAC) by 33.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,600 shares of the medical equipment provider’s stock after purchasing an additional 50,729 shares during the period. Renaissance Technologies LLC owned about 1.40% of Exactech worth $10,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Paragon Capital Management Ltd acquired a new stake in Exactech in the 4th quarter valued at about $277,000. Koch Industries Inc. acquired a new stake in Exactech in the 4th quarter valued at about $3,146,000. Chicago Capital Management LLC acquired a new stake in Exactech in the 4th quarter valued at about $1,087,000. Lombard Odier Asset Management USA Corp acquired a new stake in Exactech in the 4th quarter valued at about $371,000. Finally, Macquarie Group Ltd. acquired a new stake in Exactech in the 3rd quarter valued at about $574,000. 61.22% of the stock is currently owned by institutional investors.
Shares of NASDAQ EXAC opened at $49.25 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 4.08. Exactech, Inc. has a fifty-two week low of $23.75 and a fifty-two week high of $50.95.
EXAC has been the topic of several research analyst reports. Zacks Investment Research raised Exactech from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. BidaskClub lowered Exactech from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $49.00.
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Exactech Company Profile
Exactech, Inc develops, manufactures, markets, distributes and sells orthopedic implant devices, related surgical instrumentation and biologic services to hospitals and physicians. The Company’s segments include knee, hip, biologics and spine, extremity and other products. Its other products segment includes miscellaneous sales categories, such as bone cement, instrument rental fees, shipping charges and other product lines.
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