OrthoPediatrics Corp. (NASDAQ:KIDS) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lowered its stake in OrthoPediatrics Corp. (NASDAQ:KIDS) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 299,621 shares of the company’s stock after selling 3,837 shares during the quarter. Lord Abbett & CO. LLC’s holdings in OrthoPediatrics were worth $19,628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Brown Capital Management LLC lifted its position in OrthoPediatrics by 8.2% in the second quarter. Brown Capital Management LLC now owns 2,720,131 shares of the company’s stock valued at $171,858,000 after buying an additional 207,211 shares during the last quarter. Vanguard Group Inc. lifted its position in OrthoPediatrics by 3.4% in the second quarter. Vanguard Group Inc. now owns 730,616 shares of the company’s stock valued at $46,161,000 after buying an additional 23,764 shares during the last quarter. Invesco Ltd. lifted its position in OrthoPediatrics by 0.7% in the second quarter. Invesco Ltd. now owns 411,762 shares of the company’s stock valued at $26,015,000 after buying an additional 2,920 shares during the last quarter. FMR LLC lifted its position in OrthoPediatrics by 319.2% in the second quarter. FMR LLC now owns 382,852 shares of the company’s stock valued at $24,189,000 after buying an additional 291,512 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in OrthoPediatrics by 4.7% in the second quarter. Geode Capital Management LLC now owns 232,382 shares of the company’s stock valued at $14,681,000 after buying an additional 10,501 shares during the last quarter. 75.04% of the stock is currently owned by institutional investors.

A number of analysts have issued reports on KIDS shares. Zacks Investment Research lowered shares of OrthoPediatrics from a “buy” rating to a “hold” rating in a research note on Wednesday, October 6th. BTIG Research cut their price target on shares of OrthoPediatrics from $75.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, December 22nd. Finally, Truist Securities cut their price target on shares of OrthoPediatrics from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, December 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $75.14.

In other news, major shareholder Jennifer N. Pritzker acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, December 9th. The stock was acquired at an average cost of $60.42 per share, with a total value of $60,420.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 30.30% of the stock is currently owned by corporate insiders.

KIDS stock opened at $53.41 on Friday. The company’s 50 day moving average price is $59.43 and its 200 day moving average price is $63.00. OrthoPediatrics Corp. has a fifty-two week low of $40.02 and a fifty-two week high of $73.91.

OrthoPediatrics (NASDAQ:KIDS) last released its earnings results on Wednesday, November 3rd. The company reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.13. OrthoPediatrics had a negative net margin of 32.93% and a negative return on equity of 7.10%. The firm had revenue of $25.08 million for the quarter. Analysts anticipate that OrthoPediatrics Corp. will post -0.78 EPS for the current year.

OrthoPediatrics Profile

OrthoPediatrics Corp. is a medical device company, which engages in the design, development, and marketing of anatomically appropriate implants and devices for children with orthopedic conditions. Its products includes PediLoc, PediPlates, Cannulated Screws, PediFlexTM nail, PediNailTM, PediLoc Tibia, ACL Reconstruction System, Locking Cannulated Blade, Locking Proximal Femur, RESPONSE Spine, Bandloc and Pediguard.

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Institutional Ownership by Quarter for OrthoPediatrics (NASDAQ:KIDS)

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