The stock of Alphatec Holdings Inc (NASDAQ:ATEC) is a huge mover today! The stock decreased 12.55% or $1.18 on October 3, hitting $8.22. About 201,529 shares traded hands. Alphatec Holdings Inc (NASDAQ:ATEC) has risen 312.28% since February 29, 2016 and is uptrending. It has outperformed by 300.06% the S&P500.
The move comes after 5 months negative chart setup for the $70.74M company. It was reported on Oct, 4 by Barchart.com. We have $7.07 PT which if reached, will make NASDAQ:ATEC worth $9.90 million less.
Analysts await Alphatec Holdings Inc (NASDAQ:ATEC) to report earnings on November, 1.
Alphatec Holdings Inc (NASDAQ:ATEC) Ratings Coverage
Out of 2 analysts covering Alphatec Holdings Inc. (NASDAQ:ATEC), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Alphatec Holdings Inc. has been the topic of 3 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Canaccord Genuity downgraded the shares of ATEC in a report on Wednesday, August 5 to “Hold” rating. As per Friday, August 7, the company rating was downgraded by Zacks. The stock of Alphatec Holdings Inc (NASDAQ:ATEC) earned “Underperform” rating by Northland Capital on Monday, March 14.
According to Zacks Investment Research, “Alphatec Holdings, Inc. is a medical technology company focused on the design, development, manufacturing and marketing of products for the surgical treatment of spine disorders. The Company’s principal product offering includes a variety of spinal implant products and systems consisted of components, such as spine screws and rods, spinal spacers, plates, and various biologics offerings. Alphatec Holdings, Inc. is headquartered in Carlsbad, California.”
Insitutional Activity: The institutional sentiment increased to 0.67 in Q2 2016. Its up 0.51, from 0.16 in 2016Q1. The ratio increased, as 8 funds sold all Alphatec Holdings Inc shares owned while 4 reduced positions. 3 funds bought stakes while 5 increased positions. They now own 14.37 million shares or 6.30% less from 15.34 million shares in 2016Q1.
Wells Fargo Mn accumulated 0% or 7,106 shares. The Pennsylvania-based Mycio Wealth Ltd Llc has invested 0% in Alphatec Holdings Inc (NASDAQ:ATEC). State Street Corporation last reported 32,677 shares in the company. Geode Capital Lc, a Massachusetts-based fund reported 306,249 shares. Moreover, Savings Bank Of America De has 0% invested in Alphatec Holdings Inc (NASDAQ:ATEC) for 76,855 shares. Hightower Advsr Limited Com holds 0% of its portfolio in Alphatec Holdings Inc (NASDAQ:ATEC) for 118,375 shares. Wesbanco Savings Bank holds 0% of its portfolio in Alphatec Holdings Inc (NASDAQ:ATEC) for 10,000 shares. Northern Trust has invested 0% of its portfolio in Alphatec Holdings Inc (NASDAQ:ATEC). Morgan Stanley holds 0% of its portfolio in Alphatec Holdings Inc (NASDAQ:ATEC) for 75,826 shares. 1832 Asset Lp has 0% invested in the company for 14,000 shares. The California-based Blackrock Institutional Co Na has invested 0% in Alphatec Holdings Inc (NASDAQ:ATEC). Deutsche Retail Bank Ag accumulated 0% or 1,250 shares. Blackrock Fund Advsr accumulated 11,864 shares or 0% of the stock. Goldman Sachs Grp accumulated 102,485 shares or 0% of the stock. Financial Bank Of New York Mellon reported 62,457 shares or 0% of all its holdings.
More notable recent Alphatec Holdings Inc (NASDAQ:ATEC) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on December 21, 2009, also Globenewswire.com with their article: “Alphatec Holdings Announces Company Updates” published on September 15, 2016, Reuters.com published: “BRIEF-Alphatec Holdings announces one-for-twelve reverse stock split” on August 24, 2016. More interesting news about Alphatec Holdings Inc (NASDAQ:ATEC) were released by: Streetinsider.com and their article: “Globus Medical (GMED) to Acquire Alphatec International Business in $80M Deal” published on July 26, 2016 as well as Globenewswire.com‘s news article titled: “Alphatec Spine Introduces New Titanium-Coated PEEK Interbody Fusion System” with publication date: October 12, 2015.
ATEC Company Profile
Alphatec Holdings, Inc., incorporated on March 4, 2005, is a medical technology company. The Firm through its subsidiary, Alphatec Spine, Inc. and its subsidiaries (Alphatec Spine), designs, develops, makes and markets products for the surgical treatment of spine disorders. The Company’s product portfolio and pipeline addresses the cervical, thoracolumbar and intervertebral regions of the spine and covers a range of spinal disorders and surgical procedures. The Company’s principal product offerings are focused on the global market for fusion spinal disorder solutions. The Company’s products include Cervical and Cervico-Thoracic Products; Thoracolumbar Fixation Products; Spinal Spacers; minimally invasive surgery (MIS) Products, and Biologics.
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