RTI Surgical, Inc. (NASDAQ:RTIX) EVP John N. Varela purchased 12,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $4.85 per share, for a total transaction of $58,200.00. Following the purchase, the executive vice president now directly owns 47,998 shares of the company’s stock, valued at $232,790.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of RTI Surgical, Inc. (RTIX) remained flat at $4.90 during midday trading on Thursday. 18,341 shares of the company’s stock traded hands. RTI Surgical, Inc. has a 12 month low of $2.50 and a 12 month high of $6.00. The stock’s market capitalization is $289.27 million. The company’s 50-day moving average is $5.51 and its 200 day moving average is $4.54.
RTI Surgical (NASDAQ:RTIX) last announced its quarterly earnings results on Tuesday, August 8th. The medical equipment provider reported $0.02 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.02. RTI Surgical had a positive return on equity of 2.07% and a negative net margin of 6.53%. The firm had revenue of $72.10 million for the quarter, compared to analyst estimates of $70.25 million. RTI Surgical’s revenue was up 6.7% compared to the same quarter last year. On average, equities research analysts forecast that RTI Surgical, Inc. will post $0.06 EPS for the current year.
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Several hedge funds have recently made changes to their positions in RTIX. Rutabaga Capital Management LLC MA purchased a new stake in shares of RTI Surgical during the second quarter worth approximately $4,939,000. State Street Corp raised its stake in shares of RTI Surgical by 10.4% in the second quarter. State Street Corp now owns 1,123,603 shares of the medical equipment provider’s stock worth $6,577,000 after buying an additional 106,204 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of RTI Surgical by 2.1% in the second quarter. Goldman Sachs Group Inc. now owns 87,767 shares of the medical equipment provider’s stock worth $513,000 after buying an additional 1,782 shares during the last quarter. Krensavage Asset Management LLC raised its stake in shares of RTI Surgical by 0.6% in the second quarter. Krensavage Asset Management LLC now owns 4,465,086 shares of the medical equipment provider’s stock worth $26,121,000 after buying an additional 26,136 shares during the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new stake in shares of RTI Surgical during the second quarter worth approximately $183,000. 68.34% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the stock. BidaskClub downgraded shares of RTI Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. TheStreet upgraded shares of RTI Surgical from a “d+” rating to a “c-” rating in a research note on Friday, May 5th. Zacks Investment Research downgraded shares of RTI Surgical from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Finally, ValuEngine upgraded shares of RTI Surgical from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd.
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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