California State Teachers Retirement System lowered its position in RTI Surgical Inc. (NASDAQ:RTIX) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 119,580 shares of the company’s stock after selling 1,900 shares during the period. California State Teachers Retirement System owned about 0.21% of RTI Surgical worth $429,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of RTIX. Renaissance Technologies LLC boosted its position in shares of RTI Surgical by 27.0% in the first quarter. Renaissance Technologies LLC now owns 326,700 shares of the company’s stock valued at $1,307,000 after buying an additional 69,500 shares during the period. Royce & Associates LP boosted its position in shares of RTI Surgical by 4.3% in the first quarter. Royce & Associates LP now owns 1,626,234 shares of the company’s stock valued at $6,505,000 after buying an additional 67,460 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of RTI Surgical during the first quarter valued at about $269,000. Strs Ohio boosted its position in shares of RTI Surgical by 44.2% in the second quarter. Strs Ohio now owns 114,100 shares of the company’s stock valued at $409,000 after buying an additional 35,000 shares during the period. Finally, Springbok Capital Management LLC raised its stake in shares of RTI Surgical by 28.7% in the first quarter. Springbok Capital Management LLC now owns 60,628 shares of the company’s stock worth $243,000 after buying an additional 13,528 shares in the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.
Shares of RTI Surgical Inc. (NASDAQ:RTIX) traded up 0.65% during midday trading on Wednesday, reaching $3.12. The company’s stock had a trading volume of 43,385 shares. RTI Surgical Inc. has a 1-year low of $2.81 and a 1-year high of $5.44. The company has a market capitalization of $180.25 million, a P/E ratio of 43.94 and a beta of 1.57. The stock has a 50 day moving average of $3.17 and a 200-day moving average of $3.61.
RTI Surgical (NASDAQ:RTIX) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.08. RTI Surgical had a net margin of 2.80% and a return on equity of 6.51%. The company had revenue of $67.60 million for the quarter, compared to analyst estimates of $66.52 million. During the same quarter in the prior year, the business earned $0.04 EPS. RTI Surgical’s revenue was down 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that RTI Surgical Inc. will post $0.10 earnings per share for the current year.
A number of equities research analysts have weighed in on RTIX shares. Zacks Investment Research raised RTI Surgical from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. Craig Hallum lowered RTI Surgical from a “buy” rating to a “hold” rating and lowered their price objective for the company from $6.00 to $4.00 in a report on Thursday, July 28th.
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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