The stock of RTI Surgical Inc (NASDAQ:RTIX) is a huge mover today! About 137,046 shares traded hands or 4.01% up from the average. RTI Surgical Inc (NASDAQ:RTIX) has declined 36.41% since April 5, 2016 and is downtrending. It has underperformed by 38.37% the S&P500.
The move comes after 7 months positive chart setup for the $158.99M company. It was reported on Nov, 7 by Barchart.com. We have $5.64 PT which if reached, will make NASDAQ:RTIX worth $163.76 million more.
According to Zacks Investment Research, “RTI Surgical Inc. is a surgical implant company. Its implants are used in sports medicine, general surgery, spine, orthopedic, trauma and cardiothoracic procedures. RTI Surgical Inc., formerly known as RTI Biologics, Inc., is headquartered in Alachua, Fla.”
Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.03, from 1.05 in 2016Q1. The ratio dived, as 8 funds sold all RTI Surgical Inc shares owned while 35 reduced positions. 13 funds bought stakes while 31 increased positions. They now own 41.02 million shares or 1.08% less from 41.47 million shares in 2016Q1.
The Us-based Ancora Advisors Lc has invested 0.09% in RTI Surgical Inc (NASDAQ:RTIX). Millennium Mngmt last reported 519,815 shares in the company. Blackrock Inv Ltd Liability last reported 0% of its portfolio in the stock. Allianz Asset Ag accumulated 659,718 shares or 0% of the stock. State Street accumulated 964,124 shares or 0% of the stock. Pnc Services Grp last reported 0% of its portfolio in the stock. Moreover, Citigroup has 0% invested in RTI Surgical Inc (NASDAQ:RTIX) for 6,315 shares. Jacobs Levy Equity Mngmt, a New Jersey-based fund reported 17,700 shares. Tiaa Cref Mgmt Limited Liability Corporation holds 0% of its portfolio in RTI Surgical Inc (NASDAQ:RTIX) for 203,252 shares. Kennedy Cap Management has 0.08% invested in the company for 1.05 million shares. Paradigm Cap Ny has invested 2.23% of its portfolio in RTI Surgical Inc (NASDAQ:RTIX). Legal General Grp Inc Public Ltd Company holds 10,891 shares or 0% of its portfolio. Moreover, Royal Commercial Bank Of Canada has 0% invested in RTI Surgical Inc (NASDAQ:RTIX) for 10,000 shares. Credit Suisse Ag has 62,437 shares for 0% of their US portfolio. Citadel Advsr Ltd has 0% invested in the company for 10,912 shares.
More recent RTI Surgical Inc (NASDAQ:RTIX) news were published by: Businesswire.com which released: “RTI Surgical® Announces Agreement with Oxford Performance Materials” on February 11, 2016. Also Businesswire.com published the news titled: “RTI Surgical Announces Additional 510(k) Clearance for the Streamline® OCT System” on October 26, 2016. Seekingalpha.com‘s news article titled: “RTI Surgical Inc: M&A Target?” with publication date: May 19, 2016 was also an interesting one.
RTIX Company Profile
RTI Surgical, Inc., incorporated on April 25, 2000, is engaged in producing orthopedic and other surgical implants that repair and promote the natural healing of human bone and other human tissues. The Firm uses natural tissues, metals and synthetics process to produce its products. The Company’s business primarily consists of over six categories, such as spine, sports medicine, ortho fixation, bone graft substitutes and general orthopedic (BGS and general orthopedic), dental and surgical specialties. The Firm processes donated human musculoskeletal and other tissue, including bone, cartilage, tendon, ligament, fascia lata, pericardium, sclera and dermal tissue, and bovine and porcine animal tissue in producing allograft and xenograft implants utilizing BIOCLEANSE, TUTOPLAST and CANCELLE SP sterilization processes, and makes metal and synthetic implants for distribution to hospitals and surgeons.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.