Voya Investment Management LLC Raises Stake in RTI Surgical, Inc. (RTIX)
Voya Investment Management LLC lifted its position in RTI Surgical, Inc. (NASDAQ:RTIX) by 12.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,247 shares of the medical equipment provider’s stock after acquiring an additional 4,356 shares during the quarter. Voya Investment Management LLC owned 0.07% of RTI Surgical worth $235,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in shares of RTI Surgical by 1.1% in the 2nd quarter. Victory Capital Management Inc. now owns 220,569 shares of the medical equipment provider’s stock worth $1,290,000 after purchasing an additional 2,295 shares during the last quarter. American International Group Inc. raised its stake in RTI Surgical by 7.0% during the 1st quarter. American International Group Inc. now owns 35,371 shares of the medical equipment provider’s stock valued at $141,000 after acquiring an additional 2,327 shares in the last quarter. Bank of America Corp DE raised its stake in RTI Surgical by 6.4% during the 1st quarter. Bank of America Corp DE now owns 39,786 shares of the medical equipment provider’s stock valued at $159,000 after acquiring an additional 2,389 shares in the last quarter. Federated Investors Inc. PA raised its stake in RTI Surgical by 16.3% during the 2nd quarter. Federated Investors Inc. PA now owns 43,245 shares of the medical equipment provider’s stock valued at $253,000 after acquiring an additional 6,065 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in RTI Surgical by 11.2% during the 2nd quarter. Alliancebernstein L.P. now owns 65,649 shares of the medical equipment provider’s stock valued at $384,000 after acquiring an additional 6,600 shares in the last quarter. Institutional investors own 68.55% of the company’s stock.
Several analysts have weighed in on RTIX shares. BidaskClub downgraded RTI Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded RTI Surgical from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th.
Shares of RTI Surgical, Inc. (NASDAQ RTIX) opened at $4.65 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.21 and a current ratio of 3.34. The firm has a market capitalization of $282.87, a price-to-earnings ratio of 116.25, a price-to-earnings-growth ratio of 6.20 and a beta of 1.73. RTI Surgical, Inc. has a 12 month low of $2.70 and a 12 month high of $6.00.
RTI Surgical (NASDAQ:RTIX) last issued its quarterly earnings results on Thursday, November 2nd. The medical equipment provider reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. RTI Surgical had a return on equity of 2.29% and a net margin of 1.01%. The company had revenue of $66.69 million for the quarter, compared to analysts’ expectations of $65.63 million. The firm’s revenue for the quarter was up .2% on a year-over-year basis. equities research analysts expect that RTI Surgical, Inc. will post 0.05 earnings per share for the current fiscal year.
In other news, Director Nicholas J. Valeriani purchased 5,500 shares of the stock in a transaction dated Monday, August 21st. The shares were bought at an average cost of $4.70 per share, for a total transaction of $25,850.00. Following the transaction, the director now owns 47,754 shares in the company, valued at $224,443.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.90% of the stock is currently owned by company insiders.
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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