The stock of RTI Surgical Inc (NASDAQ:RTIX) is a huge mover today! About 68,528 shares traded hands. RTI Surgical Inc (NASDAQ:RTIX) has declined 28.74% since April 13, 2016 and is downtrending. It has underperformed by 32.67% the S&P500.
The move comes after 8 months negative chart setup for the $157.19M company. It was reported on Nov, 15 by Barchart.com. We have $2.52 PT which if reached, will make NASDAQ:RTIX worth $17.29 million less.
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 Q2 2016. Its down 0.03, from 1.05 in 2016Q1. The ratio worsened, 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.
Moreover, Kcg Hldg Inc has 0% invested in RTI Surgical Inc (NASDAQ:RTIX) for 30,173 shares. Schwab Charles Investment Mgmt accumulated 0% or 224,600 shares. Us Retail Bank De, a Minnesota-based fund reported 2,770 shares. Walleye Trading Ltd Limited Liability Company owns 2,400 shares or 0% of their US portfolio. The New Jersey-based Landscape Capital Management Lc has invested 0.03% in RTI Surgical Inc (NASDAQ:RTIX). Lsv Asset Management reported 878,925 shares or 0.01% of all its holdings. Millennium Mngmt Ltd Liability Company last reported 519,815 shares in the company. Credit Suisse Ag owns 62,437 shares or 0% of their US portfolio. The Massachusetts-based Fmr Limited Liability Corp has invested 0% in RTI Surgical Inc (NASDAQ:RTIX). First Light Asset Ltd owns 987,225 shares or 1.64% of their US portfolio. Manufacturers Life Insurance Com The accumulated 46,303 shares or 0% of the stock. Teton holds 0.02% or 66,000 shares in its portfolio. Invesco Limited has 55,607 shares for 0% of their US portfolio. Hillman Co has 2.68 million shares for 4.77% of their US portfolio. Krensavage Asset Mgmt Limited Co holds 4.72% or 3.65 million shares in its portfolio.
More notable recent RTI Surgical Inc (NASDAQ:RTIX) news were published by: Marketwatch.com which released: “RTI Surgical Inc.” on December 22, 2009, also Businesswire.com with their article: “RTI Surgical® Announces Agreement with Oxford Performance Materials” published on February 11, 2016, Businesswire.com published: “RTI Surgical â„¢ Launches Two Natural Bone Grafting Solutions at AAOS Annual …” on March 12, 2014. More interesting news about RTI Surgical Inc (NASDAQ:RTIX) were released by: Seekingalpha.com and their article: “RTI Surgical Inc: M&A Target?” published on May 19, 2016 as well as Finance.Yahoo.com‘s news article titled: “Krensavage Poses Questions to RTI Surgical in Open Letter” with publication date: July 28, 2016.
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.
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