RTI Surgical Inc (RTIX) Stake Lifted by BlackRock Inc.

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BlackRock Inc. lifted its holdings in RTI Surgical Inc (NASDAQ:RTIX) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,007,470 shares of the medical equipment provider’s stock after acquiring an additional 50,239 shares during the quarter. BlackRock Inc. owned approximately 7.89% of RTI Surgical worth $18,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RTIX. Vanguard Group Inc boosted its holdings in shares of RTI Surgical by 15.0% in the 3rd quarter. Vanguard Group Inc now owns 2,883,306 shares of the medical equipment provider’s stock worth $12,975,000 after acquiring an additional 375,027 shares in the last quarter. Vanguard Group Inc. raised its position in RTI Surgical by 15.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,883,306 shares of the medical equipment provider’s stock worth $12,975,000 after purchasing an additional 375,027 shares during the last quarter. Boston Partners raised its position in RTI Surgical by 47.1% in the 4th quarter. Boston Partners now owns 427,556 shares of the medical equipment provider’s stock worth $1,582,000 after purchasing an additional 136,853 shares during the last quarter. Dimensional Fund Advisors LP raised its position in RTI Surgical by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,662,902 shares of the medical equipment provider’s stock worth $20,983,000 after purchasing an additional 101,811 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in RTI Surgical by 5.3% in the 3rd quarter. Renaissance Technologies LLC now owns 1,627,432 shares of the medical equipment provider’s stock worth $7,323,000 after purchasing an additional 81,677 shares during the last quarter. 60.40% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on RTIX shares. Zacks Investment Research upgraded shares of RTI Surgical from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Wednesday, January 16th. TheStreet upgraded shares of RTI Surgical from a “c” rating to a “b-” rating in a research report on Thursday, March 7th. ValuEngine cut shares of RTI Surgical from a “buy” rating to a “hold” rating in a research report on Tuesday, December 25th. BidaskClub upgraded shares of RTI Surgical from a “hold” rating to a “buy” rating in a research report on Thursday, January 17th. Finally, JMP Securities restated a “buy” rating and issued a $8.00 price objective on shares of RTI Surgical in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $6.25.

Shares of RTI Surgical stock opened at $5.19 on Tuesday. The firm has a market cap of $400.22 million, a price-to-earnings ratio of 49.46 and a beta of 1.35. RTI Surgical Inc has a 52 week low of $3.51 and a 52 week high of $6.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.14 and a quick ratio of 1.22.

RTI Surgical (NASDAQ:RTIX) last issued its earnings results on Thursday, February 28th. The medical equipment provider reported $0.04 EPS for the quarter. The company had revenue of $71.22 million during the quarter. RTI Surgical had a negative net margin of 0.45% and a positive return on equity of 4.30%.

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RTI Surgical Profile

RTI Surgical, Inc, together with its subsidiaries, designs, develops, manufactures, and distributes biologic, metal, and synthetic implants worldwide. It processes donated human musculoskeletal and other tissues, as well as bovine and porcine animal tissues to produce allograft and xenograft implants by using its proprietary BIOCLEANSE, TUTOPLAST, and CANCELLE SP sterilization processes.

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Institutional Ownership by Quarter for RTI Surgical (NASDAQ:RTIX)

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