RTW Investments LP Purchases Shares of 225,000 Orthopediatrics Corp (KIDS)

RTW Investments LP purchased a new stake in Orthopediatrics Corp (NASDAQ:KIDS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 225,000 shares of the company’s stock, valued at approximately $7,848,000. RTW Investments LP owned 1.76% of Orthopediatrics as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in KIDS. Northern Trust Corp boosted its holdings in shares of Orthopediatrics by 64.0% in the second quarter. Northern Trust Corp now owns 88,863 shares of the company’s stock valued at $2,367,000 after purchasing an additional 34,687 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Orthopediatrics by 20.5% in the third quarter. JPMorgan Chase & Co. now owns 70,225 shares of the company’s stock valued at $2,573,000 after purchasing an additional 11,931 shares during the period. Rhumbline Advisers purchased a new stake in shares of Orthopediatrics in the third quarter valued at approximately $207,000. PNC Financial Services Group Inc. purchased a new stake in shares of Orthopediatrics in the third quarter valued at approximately $448,000. Finally, BlackRock Inc. boosted its holdings in shares of Orthopediatrics by 18.8% in the third quarter. BlackRock Inc. now owns 405,478 shares of the company’s stock valued at $14,856,000 after purchasing an additional 64,282 shares during the period. Hedge funds and other institutional investors own 45.14% of the company’s stock.

A number of analysts recently issued reports on KIDS shares. Zacks Investment Research upgraded Orthopediatrics from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Wednesday, January 2nd. JMP Securities began coverage on Orthopediatrics in a report on Wednesday, February 20th. They issued an “outperform” rating and a $44.00 price target for the company. BidaskClub downgraded shares of Orthopediatrics from a “buy” rating to a “hold” rating in a research note on Thursday, December 27th. Finally, BTIG Research boosted their price objective on shares of Orthopediatrics to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, January 2nd. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $41.00.

NASDAQ:KIDS traded down $0.43 during trading hours on Monday, reaching $44.12. The company’s stock had a trading volume of 1,012 shares, compared to its average volume of 101,989. The company has a market capitalization of $653.99 million, a price-to-earnings ratio of -46.97 and a beta of 0.18. Orthopediatrics Corp has a 12 month low of $14.00 and a 12 month high of $47.82. The company has a quick ratio of 7.77, a current ratio of 10.54 and a debt-to-equity ratio of 0.26.

Orthopediatrics (NASDAQ:KIDS) last issued its quarterly earnings data on Wednesday, March 6th. The company reported ($0.19) EPS for the quarter, hitting analysts’ consensus estimates of ($0.19). The company had revenue of $14.60 million during the quarter, compared to the consensus estimate of $14.50 million. Orthopediatrics had a negative net margin of 20.89% and a negative return on equity of 22.99%. Orthopediatrics’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.41) earnings per share. On average, sell-side analysts expect that Orthopediatrics Corp will post -0.41 EPS for the current year.

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About Orthopediatrics

OrthoPediatrics Corp., a medical device company, designs, develops, and markets anatomically appropriate implants and devices for the treatment of children with orthopedic conditions in the United States and internationally. The company's products comprise PediLoc, PediPlates, cannulated screws, PediFlex nail, PediNail products, PediLoc tibia products, anterior cruciate ligament reconstruction systems, locking cannulated blades, locking proximal femurs, RESPONSE Spine systems, Bandloc, and Pediguard.

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Institutional Ownership by Quarter for Orthopediatrics (NASDAQ:KIDS)

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