SG Americas Securities LLC purchased a new position in shares of Exactech, Inc. (NASDAQ:EXAC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,065 shares of the medical equipment provider’s stock, valued at approximately $300,000.
Other hedge funds have also recently modified their holdings of the company. Highbridge Capital Management LLC bought a new stake in Exactech during the third quarter worth about $201,000. AMP Capital Investors Ltd bought a new stake in Exactech during the third quarter worth about $215,000. Voya Investment Management LLC bought a new stake in Exactech during the second quarter worth about $243,000. The Manufacturers Life Insurance Company lifted its stake in Exactech by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 9,323 shares of the medical equipment provider’s stock worth $278,000 after purchasing an additional 289 shares during the last quarter. Finally, Scout Investments Inc. bought a new stake in Exactech during the third quarter worth about $418,000. 61.22% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. Robert W. Baird reiterated a “hold” rating and issued a $49.00 price objective on shares of Exactech in a report on Thursday, December 7th. BidaskClub downgraded Exactech from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 30th. Zacks Investment Research upgraded Exactech from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, ValuEngine downgraded Exactech from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Exactech currently has an average rating of “Hold” and a consensus target price of $49.00.
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Exactech, Inc develops, manufactures, markets, distributes and sells orthopedic implant devices, related surgical instrumentation and biologic services to hospitals and physicians. The Company’s segments include knee, hip, biologics and spine, extremity and other products. Its other products segment includes miscellaneous sales categories, such as bone cement, instrument rental fees, shipping charges and other product lines.
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