Kopp Investment Advisors LLC lowered its position in shares of RTI Surgical Inc (NASDAQ:RTIX) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 905,787 shares of the medical equipment provider’s stock after selling 52,036 shares during the quarter. RTI Surgical accounts for about 3.7% of Kopp Investment Advisors LLC’s investment portfolio, making the stock its 4th largest position. Kopp Investment Advisors LLC owned approximately 1.49% of RTI Surgical worth $3,714,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of RTIX. Foundry Partners LLC lifted its holdings in RTI Surgical by 35.8% during the fourth quarter. Foundry Partners LLC now owns 1,107,745 shares of the medical equipment provider’s stock valued at $4,542,000 after purchasing an additional 292,320 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in RTI Surgical by 69.0% during the fourth quarter. Allianz Asset Management GmbH now owns 398,085 shares of the medical equipment provider’s stock valued at $1,632,000 after purchasing an additional 162,525 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its holdings in RTI Surgical by 2.3% during the fourth 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 purchasing an additional 131,052 shares in the last quarter. Deutsche Bank AG lifted its holdings in RTI Surgical by 117.1% during the fourth quarter. Deutsche Bank AG now owns 209,499 shares of the medical equipment provider’s stock valued at $857,000 after purchasing an additional 113,003 shares in the last quarter. Finally, State Street Corp lifted its holdings in RTI Surgical by 10.4% during the second quarter. State Street Corp now owns 1,123,603 shares of the medical equipment provider’s stock valued at $6,577,000 after purchasing an additional 106,204 shares in the last quarter. 68.63% of the stock is currently owned by institutional investors and hedge funds.
RTIX has been the topic of several research analyst reports. BidaskClub downgraded shares of RTI Surgical from a “sell” rating to a “strong sell” rating in a report on Thursday, December 14th. 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. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold”.
RTI Surgical (NASDAQ:RTIX) last released its earnings results on Thursday, March 1st. The medical equipment provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $70.82 million during the quarter, compared to analysts’ expectations of $70.16 million. RTI Surgical had a return on equity of 2.88% and a net margin of 2.24%. research analysts expect that RTI Surgical Inc will post 0.14 EPS for the current fiscal year.
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RTI Surgical Company Profile
RTI Surgical, Inc is engaged in producing orthopedic and other surgical implants that repair and promote the natural healing of human bone and other human tissues. The Company uses natural tissues, metals and synthetics process to produce its products. The Company’s business primarily consists of six categories, such as spine, sports medicine, ortho fixation, bone graft substitutes and general orthopedic (BGS and general orthopedic), dental and surgical specialties.
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