Rutabaga Capital Management LLC MA grew its holdings in RTI Surgical Inc (NASDAQ:RTIX) by 2.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,406,388 shares of the medical equipment provider’s stock after purchasing an additional 31,098 shares during the quarter. Rutabaga Capital Management LLC MA’s holdings in RTI Surgical were worth $6,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Strs Ohio boosted its position in shares of RTI Surgical by 7.7% in the second quarter. Strs Ohio now owns 155,800 shares of the medical equipment provider’s stock valued at $716,000 after acquiring an additional 11,100 shares during the period. ClariVest Asset Management LLC boosted its position in shares of RTI Surgical by 20.4% in the second quarter. ClariVest Asset Management LLC now owns 67,697 shares of the medical equipment provider’s stock valued at $311,000 after acquiring an additional 11,486 shares during the period. Bank of New York Mellon Corp boosted its position in shares of RTI Surgical by 6.4% in the second quarter. Bank of New York Mellon Corp now owns 245,573 shares of the medical equipment provider’s stock valued at $1,130,000 after acquiring an additional 14,806 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of RTI Surgical by 16.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 125,900 shares of the medical equipment provider’s stock valued at $580,000 after acquiring an additional 17,600 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of RTI Surgical by 204.0% in the first quarter. JPMorgan Chase & Co. now owns 44,163 shares of the medical equipment provider’s stock valued at $204,000 after acquiring an additional 29,634 shares during the period. 69.00% of the stock is owned by institutional investors.

Several brokerages recently commented on RTIX. Zacks Investment Research raised RTI Surgical from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research report on Tuesday, August 7th. BidaskClub cut RTI Surgical from a “hold” rating to a “sell” rating in a research report on Wednesday, September 5th.

Shares of RTIX stock opened at $4.30 on Wednesday. The firm has a market capitalization of $272.25 million, a P/E ratio of 86.00 and a beta of 1.44. RTI Surgical Inc has a one year low of $3.90 and a one year high of $5.10. 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 (NASDAQ:RTIX) last issued its earnings results on Thursday, November 1st. The medical equipment provider reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $69.06 million during the quarter, compared to analysts’ expectations of $70.09 million. RTI Surgical had a positive return on equity of 4.04% and a negative net margin of 3.91%. As a group, sell-side analysts predict that RTI Surgical Inc will post 0.11 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for RTI Surgical (NASDAQ:RTIX)

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