RTI Surgical (RTIX) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC increased its stake in RTI Surgical (NASDAQ:RTIX) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,311,455 shares of the medical equipment provider’s stock after purchasing an additional 87,900 shares during the quarter. Renaissance Technologies LLC owned about 2.16% of RTI Surgical worth $5,377,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Foundry Partners LLC lifted its holdings in RTI Surgical by 35.8% in the 4th quarter. Foundry Partners LLC now owns 1,107,745 shares of the medical equipment provider’s stock valued at $4,542,000 after acquiring an additional 292,320 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in RTI Surgical by 69.0% in the 4th quarter. Allianz Asset Management GmbH now owns 398,085 shares of the medical equipment provider’s stock valued at $1,632,000 after acquiring an additional 162,525 shares during the last quarter. Paradigm Capital Management Inc. NY lifted its holdings in RTI Surgical by 2.3% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 5,930,217 shares of the medical equipment provider’s stock valued at $24,314,000 after acquiring an additional 131,052 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in RTI Surgical by 33.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 335,700 shares of the medical equipment provider’s stock valued at $1,376,000 after acquiring an additional 84,200 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in RTI Surgical by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,120,015 shares of the medical equipment provider’s stock valued at $18,746,000 after acquiring an additional 63,083 shares during the last quarter. 69.77% of the stock is owned by institutional investors and hedge funds.

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Shares of NASDAQ RTIX opened at $4.70 on Monday. RTI Surgical has a twelve month low of $3.85 and a twelve month high of $6.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.50 and a quick ratio of 1.39. The stock has a market capitalization of $290.14, a price-to-earnings ratio of 94.00, a price-to-earnings-growth ratio of 2.61 and a beta of 1.57.

RTI Surgical (NASDAQ:RTIX) last issued its quarterly earnings results on Thursday, March 1st. The medical equipment provider reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). RTI Surgical had a net margin of 2.24% and a return on equity of 2.88%. The business had revenue of $70.82 million during the quarter, compared to analyst estimates of $70.16 million. equities research analysts forecast that RTI Surgical will post 0.12 EPS for the current year.

A number of equities research analysts have weighed in on the stock. BidaskClub raised shares of RTI Surgical from a “sell” rating to a “hold” rating in a report on Tuesday, April 10th. Zacks Investment Research downgraded shares of RTI Surgical from a “hold” rating to a “sell” rating in a report on Tuesday, March 6th. Finally, Craig Hallum raised shares of RTI Surgical from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold”.

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About RTI Surgical

RTI Surgical, Inc, together with its subsidiaries, designs, develops, manufactures, and distributes biologic, metal, and synthetic implants worldwide. It processes donated human musculoskeletal and other tissues, as well as bovine and porcine animal tissues to produce allograft and xenograft implants by using its proprietary BIOCLEANSE, TUTOPLAST, and CANCELLE SP sterilization processes.

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

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