Kopp Investment Advisors LLC lowered its position in shares of RTI Surgical Inc (NASDAQ:RTIX) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 905,787 shares of the medical equipment provider’s stock after selling 52,036 shares during the period. RTI Surgical makes up about 3.7% of Kopp Investment Advisors LLC’s investment portfolio, making the stock its 4th largest position. Kopp Investment Advisors LLC owned approximately 1.49% of RTI Surgical worth $3,714,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prudential Financial Inc. purchased a new stake in shares of RTI Surgical during the third quarter valued at approximately $111,000. SG Americas Securities LLC bought a new stake in shares of RTI Surgical in the fourth quarter worth $113,000. Citadel Advisors LLC increased its stake in shares of RTI Surgical by 85.7% in the third quarter. Citadel Advisors LLC now owns 26,786 shares of the medical equipment provider’s stock worth $122,000 after buying an additional 12,361 shares during the last quarter. Bronfman E.L. Rothschild L.P. bought a new stake in shares of RTI Surgical in the fourth quarter worth $137,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of RTI Surgical in the third quarter worth $144,000. Institutional investors own 68.63% of the company’s stock.
A number of brokerages recently issued reports on RTIX. Zacks Investment Research lowered shares of RTI Surgical from a “hold” rating to a “sell” rating in a research note on Tuesday, March 6th. Craig Hallum upgraded shares of RTI Surgical from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Finally, BidaskClub lowered shares of RTI Surgical from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold”.
Shares of RTI Surgical stock traded up $0.05 during trading hours on Monday, hitting $4.90. 6,413 shares of the company were exchanged, compared to its average volume of 152,323. The company has a current ratio of 3.50, a quick ratio of 1.39 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $304.38, a price-to-earnings ratio of 80.83, a PEG ratio of 2.69 and a beta of 1.69. RTI Surgical Inc has a fifty-two week low of $3.58 and a fifty-two week high of $6.00.
RTI Surgical (NASDAQ:RTIX) last issued its quarterly earnings results on Thursday, March 1st. The medical equipment provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $70.82 million during the quarter, compared to the consensus estimate of $70.16 million. RTI Surgical had a return on equity of 2.88% and a net margin of 2.24%. analysts forecast that RTI Surgical Inc will post 0.12 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This piece was reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.thelincolnianonline.com/2018/03/19/kopp-investment-advisors-llc-sells-52036-shares-of-rti-surgical-inc-rtix.html.
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.
Receive News & Ratings for RTI Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTI Surgical and related companies with MarketBeat.com's FREE daily email newsletter.