RTI Surgical, Inc. (RTIX) Director Acquires $25,850.00 in Stock
RTI Surgical, Inc. (NASDAQ:RTIX) Director Nicholas J. Valeriani acquired 5,500 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was acquired at an average price of $4.70 per share, for a total transaction of $25,850.00. Following the acquisition, the director now owns 47,754 shares in the company, valued at approximately $224,443.80. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
RTI Surgical, Inc. (NASDAQ RTIX) remained flat at $4.55 on Friday. 226,673 shares of the stock traded hands. The company’s 50-day moving average is $5.30 and its 200 day moving average is $4.60. The company’s market cap is $268.60 million. RTI Surgical, Inc. has a 12-month low of $2.50 and a 12-month high of $6.00.
RTI Surgical (NASDAQ:RTIX) last issued its quarterly earnings results on Tuesday, August 8th. The medical equipment provider reported $0.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The company had revenue of $72.10 million for the quarter, compared to the consensus estimate of $70.25 million. RTI Surgical had a positive return on equity of 2.07% and a negative net margin of 6.53%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. On average, equities analysts predict that RTI Surgical, Inc. will post $0.06 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the stock. Cigna Investments Inc. New acquired a new stake in shares of RTI Surgical during the second quarter valued at about $105,000. Citigroup Inc. boosted its stake in RTI Surgical by 2,850.1% in the second quarter. Citigroup Inc. now owns 21,152 shares of the medical equipment provider’s stock valued at $124,000 after buying an additional 20,435 shares during the last quarter. First Quadrant L P CA bought a new stake in RTI Surgical during the second quarter valued at $137,000. Thompson Davis & CO. Inc. boosted its stake in RTI Surgical by 138.8% in the second quarter. Thompson Davis & CO. Inc. now owns 25,077 shares of the medical equipment provider’s stock valued at $147,000 after buying an additional 14,577 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new stake in RTI Surgical during the second quarter valued at $183,000. 68.34% of the stock is currently owned by institutional investors.
RTIX has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded RTI Surgical from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. TheStreet upgraded RTI Surgical from a “d+” rating to a “c-” rating in a report on Friday, May 5th. ValuEngine upgraded RTI Surgical from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub downgraded RTI Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th.
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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