BidaskClub upgraded shares of RTI Surgical (NASDAQ:RTIX) from a sell rating to a hold rating in a report issued on Tuesday morning.
A number of other research analysts have also commented on the stock. Zacks Investment Research lowered shares of RTI Surgical from a hold rating to a sell rating in a research report on Tuesday, March 6th. Craig Hallum upgraded shares of RTI Surgical from a hold rating to a buy rating in a research report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold.
RTIX opened at $4.70 on Tuesday. The firm has a market cap of $296.31, a PE ratio of 94.00, a PEG ratio of 2.67 and a beta of 1.57. The company has a quick ratio of 1.39, a current ratio of 3.50 and a debt-to-equity ratio of 0.23. RTI Surgical has a one year low of $3.85 and a one year high of $6.00.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its position in shares of RTI Surgical by 73.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 235,560 shares of the medical equipment provider’s stock valued at $1,072,000 after purchasing an additional 99,780 shares in the last quarter. Foundry Partners LLC grew its position in RTI Surgical by 35.8% in the fourth quarter. Foundry Partners LLC now owns 1,107,745 shares of the medical equipment provider’s stock worth $4,542,000 after acquiring an additional 292,320 shares in the last quarter. Macquarie Group Ltd. purchased a new position in RTI Surgical in the third quarter worth $280,000. Paradigm Capital Management Inc. NY grew its position in RTI Surgical by 2.3% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 5,930,217 shares of the medical equipment provider’s stock worth $24,314,000 after acquiring an additional 131,052 shares in the last quarter. Finally, Strs Ohio grew its position in RTI Surgical by 10.3% in the fourth quarter. Strs Ohio now owns 157,000 shares of the medical equipment provider’s stock worth $643,000 after acquiring an additional 14,700 shares in the last quarter. Hedge funds and other institutional investors own 69.77% of the company’s stock.
RTI Surgical Company Profile
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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