Orthofix International (NASDAQ:OFIX) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Orthofix International from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. TheStreet downgraded Orthofix International from a “b” rating to a “c+” rating in a report on Tuesday, October 31st. Finally, BTIG Research set a $56.00 target price on Orthofix International and gave the stock a “buy” rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $54.42.
Orthofix International (OFIX) traded up $1.40 during trading on Thursday, hitting $55.00. The company had a trading volume of 267,746 shares, compared to its average volume of 116,978. Orthofix International has a 12-month low of $33.90 and a 12-month high of $56.53. The firm has a market capitalization of $977.18, a P/E ratio of 785.83, a price-to-earnings-growth ratio of 2.33 and a beta of 0.14.
In other Orthofix International news, Director Luke T. Faulstick sold 4,800 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $51.22, for a total value of $245,856.00. Following the completion of the transaction, the director now directly owns 7,729 shares of the company’s stock, valued at $395,879.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradley V. Niemann sold 5,547 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $52.08, for a total value of $288,887.76. Following the completion of the transaction, the insider now directly owns 34,631 shares of the company’s stock, valued at $1,803,582.48. The disclosure for this sale can be found here. Insiders sold 15,347 shares of company stock valued at $802,144 over the last three months. 5.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Acadian Asset Management LLC lifted its holdings in Orthofix International by 20.4% in the fourth quarter. Acadian Asset Management LLC now owns 269,799 shares of the medical device company’s stock valued at $14,757,000 after acquiring an additional 45,706 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Orthofix International by 6.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 124,067 shares of the medical device company’s stock valued at $6,787,000 after acquiring an additional 7,673 shares during the period. Bank of Montreal Can lifted its holdings in Orthofix International by 193.9% in the fourth quarter. Bank of Montreal Can now owns 49,364 shares of the medical device company’s stock valued at $2,699,000 after acquiring an additional 32,570 shares during the period. Invictus RG acquired a new position in Orthofix International in the third quarter valued at approximately $342,000. Finally, Oakview Capital Management L.P. acquired a new position in shares of Orthofix International during the 3rd quarter worth approximately $12,756,000. 94.61% of the stock is owned by institutional investors.
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Orthofix International Company Profile
Orthofix International N.V. (Orthofix) is a global medical device company. The Company is focused on providing reconstructive and regenerative orthopedic and spine solutions to physicians. The company operates in four segments: BioStim, Biologics, Extremity Fixation and Spine Fixation. Its BioStim solutions products include Cervical-Stim, Spinal-Stim and Physio-Stim.
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