Municipal Employees Retirement System of Michigan raised its position in shares of Orthofix International N.V. (NASDAQ:OFIX) by 60.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,770 shares of the medical device company’s stock after acquiring an additional 2,560 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Orthofix International were worth $320,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pinebridge Investments L.P. boosted its position in shares of Orthofix International by 2.3% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,378 shares of the medical device company’s stock worth $111,000 after purchasing an additional 53 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Orthofix International by 64.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,651 shares of the medical device company’s stock worth $356,000 after purchasing an additional 2,995 shares in the last quarter. Candriam Luxembourg S.C.A. bought a new stake in shares of Orthofix International in the 3rd quarter worth approximately $371,000. Voya Investment Management LLC boosted its position in shares of Orthofix International by 10.7% in the 2nd quarter. Voya Investment Management LLC now owns 8,622 shares of the medical device company’s stock worth $401,000 after purchasing an additional 832 shares in the last quarter. Finally, Stevens Capital Management LP bought a new stake in shares of Orthofix International in the 3rd quarter worth approximately $427,000. 94.61% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on OFIX shares. BidaskClub raised Orthofix International from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research lowered shares of Orthofix International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. BTIG Research set a $56.00 price objective on shares of Orthofix International and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, TheStreet lowered shares of Orthofix International from a “b” rating to a “c+” rating in a report on Tuesday, October 31st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.42.

Orthofix International N.V. (OFIX) opened at $52.85 on Monday. Orthofix International N.V. has a 1-year low of $32.51 and a 1-year high of $54.73. The firm has a market cap of $963.51, a P/E ratio of 34.54, a P/E/G ratio of 2.62 and a beta of 0.14.

Orthofix International (NASDAQ:OFIX) last announced its quarterly earnings data on Monday, October 30th. The medical device company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Orthofix International had a net margin of 3.18% and a return on equity of 4.78%. The company had revenue of $105.30 million during the quarter, compared to analyst estimates of $100.67 million. During the same period in the previous year, the business earned $0.36 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. analysts forecast that Orthofix International N.V. will post 1.61 EPS for the current year.

In other Orthofix International news, Director Luke T. Faulstick sold 4,800 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $51.22, for a total transaction of $245,856.00. Following the completion of the sale, the director now directly owns 7,729 shares in the company, valued at approximately $395,879.38. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Brad Mason sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $53.48, for a total transaction of $267,400.00. Following the sale, the chief executive officer now owns 183,053 shares of the company’s stock, valued at $9,789,674.44. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: “Municipal Employees Retirement System of Michigan Boosts Holdings in Orthofix International N.V. (OFIX)” was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://www.watchlistnews.com/municipal-employees-retirement-system-of-michigan-boosts-holdings-in-orthofix-international-n-v-ofix/1756932.html.

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.

Institutional Ownership by Quarter for Orthofix International (NASDAQ:OFIX)

Receive News & Ratings for Orthofix International N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orthofix International N.V. and related companies with MarketBeat.com's FREE daily email newsletter.