TheStreet Upgrades RTI Surgical Inc (RTIX) to “C-“

TheStreet upgraded shares of RTI Surgical Inc (NASDAQ:RTIX) from a d+ rating to a c- rating in a report published on Friday, May 5th.

Separately, Zacks Investment Research downgraded shares of RTI Surgical from a hold rating to a sell rating in a report on Wednesday, May 3rd.

RTI Surgical (NASDAQ:RTIX) last issued its earnings results on Thursday, April 27th. The medical equipment provider reported ($0.05) earnings per share for the quarter. RTI Surgical had a return on equity of 4.60% and a net margin of 0.24%. The company had revenue of $69.90 million for the quarter, compared to analyst estimates of $67.68 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year.

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In other news, Director Jonathon M. Singer acquired 10,000 shares of RTI Surgical stock in a transaction that occurred on Thursday, March 2nd. The shares were acquired at an average price of $3.79 per share, with a total value of $37,900.00. Following the completion of the purchase, the director now owns 30,270 shares of the company’s stock, valued at approximately $114,723.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Camille Farhat acquired 61,693 shares of RTI Surgical stock in a transaction that occurred on Thursday, May 18th. The shares were purchased at an average cost of $4.65 per share, for a total transaction of $286,872.45. The disclosure for this purchase can be found here. Insiders acquired 122,023 shares of company stock worth $552,321 in the last ninety days. Insiders own 6.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in shares of RTI Surgical by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 255,656 shares of the medical equipment provider’s stock valued at $1,022,000 after buying an additional 8,679 shares during the last quarter. Algert Global LLC increased its position in shares of RTI Surgical by 13.4% in the first quarter. Algert Global LLC now owns 165,053 shares of the medical equipment provider’s stock valued at $660,000 after buying an additional 19,440 shares during the last quarter. IFP Advisors Inc increased its position in shares of RTI Surgical by 69.8% in the first quarter. IFP Advisors Inc now owns 146,000 shares of the medical equipment provider’s stock valued at $584,000 after buying an additional 60,000 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of RTI Surgical by 176.0% in the first quarter. Russell Investments Group Ltd. now owns 78,055 shares of the medical equipment provider’s stock valued at $313,000 after buying an additional 49,777 shares during the last quarter. Finally, Foundry Partners LLC increased its position in shares of RTI Surgical by 5.3% in the first quarter. Foundry Partners LLC now owns 1,039,300 shares of the medical equipment provider’s stock valued at $4,157,000 after buying an additional 52,125 shares during the last quarter. 77.37% of the stock is currently owned by institutional investors and hedge funds.

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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