Orthofix International NV (NASDAQ:OFIX) traded down 1.3% on Wednesday . The stock traded as low as $43.01 and last traded at $43.58, with a volume of 72,318 shares traded. The stock had previously closed at $44.17.

Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Orthofix International NV from a “hold” rating to a “strong-buy” rating and set a $49.00 target price on the stock in a report on Thursday, August 4th. TheStreet lowered shares of Orthofix International NV from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd.

The stock’s market cap is $789.84 million. The firm has a 50 day moving average of $43.83 and a 200-day moving average of $43.70.

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Orthofix International NV (NASDAQ:OFIX) last announced its quarterly earnings results on Monday, August 1st. The medical device company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.08. The company had revenue of $104.10 million for the quarter, compared to analyst estimates of $102.40 million. Orthofix International NV had a negative net margin of 0.37% and a positive return on equity of 8.50%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 EPS. Equities research analysts anticipate that Orthofix International NV will post $1.41 EPS for the current year.

In related news, insider Michael Finegan sold 25,000 shares of Orthofix International NV stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $45.16, for a total transaction of $1,129,000.00. Following the sale, the insider now directly owns 51,670 shares of the company’s stock, valued at approximately $2,333,417.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.10% of the company’s stock.

Several large investors have recently made changes to their positions in OFIX. Renaissance Technologies LLC raised its stake in shares of Orthofix International NV by 78.7% in the first quarter. Renaissance Technologies LLC now owns 456,379 shares of the medical device company’s stock valued at $18,949,000 after buying an additional 201,020 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Orthofix International NV by 4.7% in the first quarter. TIAA CREF Investment Management LLC now owns 95,843 shares of the medical device company’s stock valued at $3,979,000 after buying an additional 4,269 shares during the period. DIAM Co. Ltd. raised its stake in shares of Orthofix International NV by 19.3% in the second quarter. DIAM Co. Ltd. now owns 26,065 shares of the medical device company’s stock valued at $1,105,000 after buying an additional 4,214 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Orthofix International NV by 59.7% in the first quarter. Goldman Sachs Group Inc. now owns 65,550 shares of the medical device company’s stock valued at $2,721,000 after buying an additional 24,513 shares during the period. Finally, GSA Capital Partners LLP raised its stake in shares of Orthofix International NV by 66.2% in the second quarter. GSA Capital Partners LLP now owns 82,612 shares of the medical device company’s stock valued at $3,503,000 after buying an additional 32,920 shares during the period. 91.26% of the stock is currently owned by institutional investors.

About Orthofix International NV

Orthofix International N.V. (Orthofix) is a global medical device company. The Company is focused on providing reconstructive and regenerative orthopedic and spine solutions to physicians. The company operates in four segments: BioStim, Biologics, Extremity Fixation and Spine Fixation. Its BioStim solutions products include Cervical-Stim, Spinal-Stim and Physio-Stim.

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