22Nw LP boosted its position in RTI Surgical Inc (NASDAQ:RTIX) by 34.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407,370 shares of the medical equipment provider’s stock after buying an additional 103,691 shares during the quarter. 22Nw LP owned approximately 0.67% of RTI Surgical worth $1,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of RTIX. Rutabaga Capital Management LLC MA purchased a new stake in RTI Surgical in the second quarter worth approximately $4,939,000. AJO LP purchased a new stake in RTI Surgical in the second quarter worth approximately $2,597,000. Wedge Capital Management L L P NC purchased a new stake in RTI Surgical in the second quarter worth approximately $1,471,000. Dimensional Fund Advisors LP boosted its stake in shares of RTI Surgical by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,056,932 shares of the medical equipment provider’s stock valued at $23,733,000 after purchasing an additional 156,901 shares during the period. Finally, Kopp Investment Advisors LLC boosted its stake in shares of RTI Surgical by 18.9% during the second quarter. Kopp Investment Advisors LLC now owns 973,388 shares of the medical equipment provider’s stock valued at $5,694,000 after purchasing an additional 154,922 shares during the period. 69.92% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on RTIX. BidaskClub lowered RTI Surgical from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research raised RTI Surgical from a “sell” rating to a “hold” rating in a research note on Friday, October 13th.
RTI Surgical (NASDAQ:RTIX) last released its quarterly earnings data on Thursday, November 2nd. The medical equipment provider reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $66.69 million during the quarter, compared to analyst estimates of $65.63 million. RTI Surgical had a return on equity of 2.29% and a net margin of 1.01%. The business’s revenue for the quarter was up .2% on a year-over-year basis. sell-side analysts forecast that RTI Surgical Inc will post 0.05 EPS for the current 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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