Russell Investments Group Ltd. increased its stake in RTI Surgical Inc (NASDAQ:RTIX) by 299.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 307,067 shares of the medical equipment provider’s stock after acquiring an additional 230,103 shares during the quarter. Russell Investments Group Ltd.’s holdings in RTI Surgical were worth $1,383,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in RTIX. ClariVest Asset Management LLC increased its stake in shares of RTI Surgical by 20.4% in the 2nd quarter. ClariVest Asset Management LLC now owns 67,697 shares of the medical equipment provider’s stock valued at $311,000 after acquiring an additional 11,486 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of RTI Surgical by 16.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 125,900 shares of the medical equipment provider’s stock valued at $580,000 after acquiring an additional 17,600 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of RTI Surgical in the 2nd quarter valued at $581,000. Strs Ohio increased its stake in shares of RTI Surgical by 7.7% in the 2nd quarter. Strs Ohio now owns 155,800 shares of the medical equipment provider’s stock valued at $716,000 after acquiring an additional 11,100 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in RTI Surgical by 6.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 245,573 shares of the medical equipment provider’s stock valued at $1,130,000 after purchasing an additional 14,806 shares in the last quarter. Institutional investors own 70.10% of the company’s stock.
RTIX has been the subject of a number of recent research reports. BidaskClub upgraded shares of RTI Surgical from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. ValuEngine lowered shares of RTI Surgical from a “buy” rating to a “hold” rating in a research note on Tuesday, November 27th.
Shares of RTIX stock opened at $3.82 on Friday. The firm has a market cap of $255.75 million, a price-to-earnings ratio of 40.30 and a beta of 1.39. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.59 and a quick ratio of 1.35. RTI Surgical Inc has a 12 month low of $3.80 and a 12 month high of $5.10.
RTI Surgical (NASDAQ:RTIX) last announced its quarterly earnings results on Thursday, November 1st. The medical equipment provider reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.02. The business had revenue of $69.06 million during the quarter, compared to analyst estimates of $70.09 million. RTI Surgical had a negative net margin of 3.91% and a positive return on equity of 4.04%. Analysts forecast that RTI Surgical Inc will post 0.11 EPS for the current year.
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RTI Surgical Profile
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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