Geode Capital Management LLC lowered its position in Exactech, Inc. (NASDAQ:EXAC) by 19.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,385 shares of the medical equipment provider’s stock after selling 23,040 shares during the quarter. Geode Capital Management LLC owned 0.68% of Exactech worth $4,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Highbridge Capital Management LLC acquired a new position in shares of Exactech in the third quarter valued at approximately $201,000. AMP Capital Investors Ltd bought a new stake in Exactech in the third quarter valued at approximately $215,000. Virtu Financial LLC bought a new stake in Exactech in the fourth quarter valued at approximately $227,000. Paragon Capital Management Ltd bought a new stake in Exactech in the fourth quarter valued at approximately $277,000. Finally, SG Americas Securities LLC bought a new stake in Exactech in the fourth quarter valued at approximately $300,000. 61.22% of the stock is owned by institutional investors.
Several brokerages recently commented on EXAC. BidaskClub cut Exactech from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 30th. Zacks Investment Research upgraded Exactech from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $49.00.
Shares of EXAC stock opened at $49.25 on Thursday. Exactech, Inc. has a one year low of $23.75 and a one year high of $50.95. The company has a current ratio of 4.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06.
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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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