Russell Investments Group Ltd. boosted its holdings in shares of RTI Surgical Inc (NASDAQ:RTIX) by 299.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 307,067 shares of the medical equipment provider’s stock after purchasing an additional 230,103 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.48% of RTI Surgical worth $1,383,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of RTIX. Bank of New York Mellon Corp boosted its position 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 worth $1,130,000 after buying an additional 14,806 shares during the period. Strs Ohio boosted its position in RTI Surgical by 7.7% during the 2nd quarter. Strs Ohio now owns 155,800 shares of the medical equipment provider’s stock worth $716,000 after buying an additional 11,100 shares during the period. Rutabaga Capital Management LLC MA boosted its position in RTI Surgical by 22.4% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,375,290 shares of the medical equipment provider’s stock worth $6,326,000 after buying an additional 251,894 shares during the period. Schwab Charles Investment Management Inc. boosted its position in RTI Surgical by 16.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 125,900 shares of the medical equipment provider’s stock worth $580,000 after buying an additional 17,600 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in RTI Surgical during the 2nd quarter worth approximately $581,000. Institutional investors own 70.10% of the company’s stock.
RTI Surgical stock opened at $3.82 on Friday. 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 52-week low of $3.80 and a 52-week high of $5.10. The company has a market cap of $255.75 million, a price-to-earnings ratio of 40.30 and a beta of 1.39.
RTI Surgical (NASDAQ:RTIX) last released its quarterly earnings results on Thursday, November 1st. The medical equipment provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. RTI Surgical had a negative net margin of 3.91% and a positive return on equity of 4.04%. The firm had revenue of $69.06 million during the quarter, compared to analyst estimates of $70.09 million. Analysts forecast that RTI Surgical Inc will post 0.11 earnings per share for the current year.
Several equities research analysts recently commented on RTIX shares. ValuEngine downgraded shares of RTI Surgical from a “buy” rating to a “hold” rating in a research report on Tuesday, November 27th. BidaskClub downgraded shares of RTI Surgical from a “buy” rating to a “hold” rating in a research report on Tuesday.
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About RTI Surgical
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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