Louisiana State Employees Retirement System Buys New Stake in Orthofix International N.V. (OFIX)

Louisiana State Employees Retirement System purchased a new stake in shares of Orthofix International N.V. (NASDAQ:OFIX) during the first quarter, according to its most recent disclosure with the SEC. The fund purchased 7,300 shares of the medical device company’s stock, valued at approximately $278,000.

Other institutional investors also recently bought and sold shares of the company. Capstone Asset Management Co. bought a new position in Orthofix International N.V. during the first quarter valued at about $204,000. Highbridge Capital Management LLC purchased a new stake in Orthofix International N.V. during the fourth quarter worth approximately $1,023,000. Teachers Advisors LLC increased its position in shares of Orthofix International N.V. by 18.2% in the fourth quarter. Teachers Advisors LLC now owns 35,600 shares of the medical device company’s stock worth $1,288,000 after buying an additional 5,489 shares during the last quarter. Norges Bank bought a new position in shares of Orthofix International N.V. during the fourth quarter worth about $5,664,000. Finally, Senzar Asset Management LLC acquired a new stake in Orthofix International N.V. during the fourth quarter worth approximately $4,030,000. Institutional investors own 97.31% of the company’s stock.

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

Orthofix International N.V. (NASDAQ:OFIX) traded up 0.83% on Monday, hitting $45.18. The stock had a trading volume of 86,680 shares. The firm’s market cap is $815.23 million. Orthofix International N.V. has a 12-month low of $32.51 and a 12-month high of $48.25. The company’s 50 day moving average is $42.15 and its 200 day moving average is $38.40.

Orthofix International N.V. (NASDAQ:OFIX) last released its earnings results on Thursday, May 4th. The medical device company reported $0.27 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.27. The company had revenue of $102.70 million during the quarter, compared to analyst estimates of $97.17 million. Orthofix International N.V. had a positive return on equity of 10.03% and a negative net margin of 0.82%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. On average, equities research analysts expect that Orthofix International N.V. will post $1.53 EPS for the current fiscal year.

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OFIX has been the subject of several research reports. Zacks Investment Research cut Orthofix International N.V. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. SunTrust Banks, Inc. began coverage on Orthofix International N.V. in a report on Tuesday, May 23rd. They issued a “buy” rating and a $49.00 target price for the company. Ladenburg Thalmann Financial Services assumed coverage on Orthofix International N.V. in a report on Wednesday, June 14th. They issued a “buy” rating and a $53.25 target price for the company. Finally, Langenberg & Company reaffirmed a “buy” rating and issued a $53.25 price target on shares of Orthofix International N.V. in a research note on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $51.13.

About Orthofix International N.V.

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.

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