Deutsche Bank AG Acquires 36,267 Shares of Exactech, Inc. (EXAC)

Deutsche Bank AG raised its holdings in shares of Exactech, Inc. (NASDAQ:EXAC) by 119.6% in the 4th quarter, Holdings Channel reports. The firm owned 66,602 shares of the medical equipment provider’s stock after purchasing an additional 36,267 shares during the quarter. Deutsche Bank AG’s holdings in Exactech were worth $3,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in Exactech during the fourth quarter valued at $227,000. Paragon Capital Management Ltd acquired a new position in shares of Exactech during the fourth quarter valued at $277,000. SG Americas Securities LLC acquired a new position in shares of Exactech during the fourth quarter valued at $300,000. AMP Capital Investors Ltd acquired a new position in shares of Exactech during the third quarter valued at $215,000. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Exactech during the fourth quarter valued at $331,000. Hedge funds and other institutional investors own 61.22% of the company’s stock.

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Several equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of Exactech from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. Zacks Investment Research raised shares of Exactech from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Exactech presently has an average rating of “Hold” and an average price target of $49.00.

Shares of EXAC opened at $49.25 on Friday. Exactech, Inc. has a 1 year low of $23.75 and a 1 year high of $50.95. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 4.08.

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About Exactech

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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Institutional Ownership by Quarter for Exactech (NASDAQ:EXAC)

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