Rutabaga Capital Management LLC MA trimmed its position in RTI Surgical Inc (NASDAQ:RTIX) by 59.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 556,874 shares of the medical equipment provider’s stock after selling 804,691 shares during the quarter. Rutabaga Capital Management LLC MA owned approximately 0.92% of RTI Surgical worth $2,283,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Paradigm Capital Management Inc. NY grew its stake in shares of 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 purchasing an additional 131,052 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of RTI Surgical by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,120,015 shares of the medical equipment provider’s stock worth $18,746,000 after purchasing an additional 63,083 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of RTI Surgical by 4.6% in the second quarter. Vanguard Group Inc. now owns 2,019,627 shares of the medical equipment provider’s stock valued at $11,815,000 after buying an additional 88,758 shares during the period. State Street Corp lifted its holdings 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 valued at $6,577,000 after buying an additional 106,204 shares during the period. Finally, Foundry Partners LLC lifted its holdings in shares of 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 valued at $4,542,000 after buying an additional 292,320 shares during the period. Hedge funds and other institutional investors own 59.83% of the company’s stock.
Shares of RTI Surgical Inc (NASDAQ RTIX) traded up $0.05 during trading on Monday, reaching $4.65. The company had a trading volume of 156,100 shares, compared to its average volume of 134,615. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.21 and a current ratio of 3.34. RTI Surgical Inc has a 1 year low of $3.30 and a 1 year high of $6.00. The stock has a market cap of $282.87, a P/E ratio of -66.43, a P/E/G ratio of 2.07 and a beta of 1.71.
Separately, BidaskClub lowered RTI Surgical from a “sell” rating to a “strong sell” rating in a report on Thursday, December 14th.
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About RTI Surgical
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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