SeaSpine Holdings Corporation (SPNE) Stake Lifted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its position in shares of SeaSpine Holdings Corporation (NASDAQ:SPNE) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,707 shares of the medical equipment provider’s stock after purchasing an additional 190 shares during the period. Schwab Charles Investment Management Inc. owned 0.16% of SeaSpine Holdings Corporation worth $216,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SPNE. Russell Investments Group Ltd. increased its stake in shares of SeaSpine Holdings Corporation by 120.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 244,247 shares of the medical equipment provider’s stock worth $2,814,000 after purchasing an additional 133,625 shares during the last quarter. Hodges Capital Management Inc. acquired a new position in shares of SeaSpine Holdings Corporation during the 2nd quarter worth about $1,382,000. Acadian Asset Management LLC acquired a new position in shares of SeaSpine Holdings Corporation during the 2nd quarter worth about $366,000. Finally, Spark Investment Management LLC increased its stake in shares of SeaSpine Holdings Corporation by 14.4% during the 2nd quarter. Spark Investment Management LLC now owns 58,000 shares of the medical equipment provider’s stock worth $668,000 after purchasing an additional 7,300 shares during the last quarter. Institutional investors own 39.36% of the company’s stock.

SPNE has been the topic of a number of research reports. Zacks Investment Research upgraded shares of SeaSpine Holdings Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Tuesday, September 12th. HC Wainwright set a $15.00 price target on shares of SeaSpine Holdings Corporation and gave the company a “buy” rating in a research note on Monday, August 7th. Piper Jaffray Companies reiterated a “buy” rating and issued a $22.00 price target on shares of SeaSpine Holdings Corporation in a research note on Sunday, August 20th. Finally, BTIG Research reiterated a “buy” rating on shares of SeaSpine Holdings Corporation in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $16.33.

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SeaSpine Holdings Corporation (SPNE) opened at $10.41 on Monday. SeaSpine Holdings Corporation has a 52 week low of $6.31 and a 52 week high of $13.46.

SeaSpine Holdings Corporation Profile

SeaSpine Holdings Corporation is a medical technology company. The Company is focused on the design, development and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders. The Company operates through the development, manufacture and marketing of orthobiologics and spinal fusion hardware segment.

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Institutional Ownership by Quarter for SeaSpine Holdings Corporation (NASDAQ:SPNE)

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