Spark Investment Management LLC Cuts Stake in Alphatec Holdings, Inc. (ATEC)
Spark Investment Management LLC cut its position in Alphatec Holdings, Inc. (NASDAQ:ATEC) by 7.7% during the second quarter, Holdings Channel reports. The firm owned 93,600 shares of the medical technology company’s stock after selling 7,800 shares during the period. Spark Investment Management LLC’s holdings in Alphatec Holdings were worth $173,000 at the end of the most recent quarter.
Separately, Broadfin Capital LLC acquired a new stake in Alphatec Holdings during the first quarter worth $527,000. 20.69% of the stock is owned by institutional investors and hedge funds.
Shares of Alphatec Holdings, Inc. (NASDAQ:ATEC) opened at 1.84 on Friday. Alphatec Holdings, Inc. has a 1-year low of $1.58 and a 1-year high of $9.65. The company has a 50-day moving average of $1.73 and a 200-day moving average of $2.29.
Alphatec Holdings (NASDAQ:ATEC) last released its earnings results on Thursday, August 10th. The medical technology company reported ($0.32) earnings per share for the quarter. The business had revenue of $24.38 million during the quarter. Equities analysts predict that Alphatec Holdings, Inc. will post ($1.20) EPS for the current fiscal year.
A number of analysts recently weighed in on ATEC shares. ValuEngine lowered shares of Alphatec Holdings from a “sell” rating to a “strong sell” rating in a research note on Thursday. HC Wainwright started coverage on shares of Alphatec Holdings in a research note on Monday. They issued a “buy” rating and a $4.00 price objective for the company.
Alphatec Holdings Company Profile
Alphatec Holdings, Inc is a medical technology company. The Company through its subsidiary, Alphatec Spine, Inc and its subsidiaries, designs, develops, manufactures and markets products for the surgical treatment of spine disorders. Its product portfolio and pipeline addresses the cervical, thoracolumbar and intervertebral regions of the spine and covers a range of spinal disorders and surgical procedures.
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