Posted by admin on Aug 19th, 2022
Alphatec Holdings, Inc. (NASDAQ:ATEC – Get Rating) EVP Craig E. Hunsaker sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $9.70, for a total transaction of $291,000.00. Following the sale, the executive vice president now directly owns 1,261,969 shares of the company’s stock, valued at approximately $12,241,099.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of NASDAQ ATEC opened at $8.75 on Friday. The company has a debt-to-equity ratio of 29.74, a quick ratio of 1.34 and a current ratio of 2.19. Alphatec Holdings, Inc. has a 52-week low of $5.73 and a 52-week high of $15.31. The firm has a 50 day moving average price of $7.37 and a two-hundred day moving average price of $9.25.
Large investors have recently modified their holdings of the company. Blair William & Co. IL increased its position in shares of Alphatec by 24.9% during the fourth quarter. Blair William & Co. IL now owns 37,575 shares of the medical technology company’s stock worth $429,000 after buying an additional 7,500 shares during the period. Advisor Group Holdings Inc. increased its position in shares of Alphatec by 65.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 35,787 shares of the medical technology company’s stock worth $408,000 after buying an additional 14,153 shares during the period. Granite Point Capital Management L.P. increased its position in shares of Alphatec by 459.5% during the fourth quarter. Granite Point Capital Management L.P. now owns 235,000 shares of the medical technology company’s stock worth $2,686,000 after buying an additional 193,000 shares during the period. Winning Points Advisors LLC acquired a new stake in shares of Alphatec during the first quarter worth $521,000. Finally, Baker Tilly Wealth Management LLC acquired a new stake in shares of Alphatec during the fourth quarter worth $144,000. 53.52% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the stock. HC Wainwright upped their price target on shares of Alphatec from $19.00 to $20.00 in a report on Friday, May 6th. Lake Street Capital reissued a “buy” rating and issued a $9.00 price objective on shares of Alphatec in a research note on Friday, July 15th. Needham & Company LLC dropped their price objective on shares of Alphatec from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, May 26th. Finally, The Goldman Sachs Group dropped their price objective on shares of Alphatec from $11.00 to $9.50 and set a “neutral” rating for the company in a research note on Monday, August 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Alphatec has a consensus rating of “Moderate Buy” and a consensus price target of $15.08.
Alphatec Holdings, Inc, a medical technology company, designs, develops, and advances technologies for the surgical treatment of spinal disorders. The company offers SafeOp Neural InformatiX System, an Alpha InformatiX product platform designed to reduce the risk of intraoperative nerve injury; Sigma transforaminal lumbar interbody fusion pedicle-based access system that provides direct visualization of anatomical landmarks; Sigma PTP Access and Patient Positioning System; squadron lateral retractor designed to maximize patient outcomes; Invictus Spinal Fixation System, a thoracolumbar fixation system to treat a range of pathologies; and Invictus MIS SingleStep System that provides minimally invasive pedicle screw placement.
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