Y Intercept Hong Kong Ltd Takes $147,000 Position in Alphatec Holdings, Inc. (NASDAQ:ATEC)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Alphatec Holdings, Inc. (NASDAQ:ATEC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 26,365 shares of the medical technology company’s stock, valued at approximately $147,000.

A number of other large investors have also recently added to or reduced their stakes in ATEC. XTX Topco Ltd acquired a new stake in Alphatec during the third quarter worth $69,000. State Street Corp grew its holdings in shares of Alphatec by 10.1% during the 3rd quarter. State Street Corp now owns 3,138,960 shares of the medical technology company’s stock worth $17,453,000 after purchasing an additional 287,350 shares during the period. Stifel Financial Corp increased its position in shares of Alphatec by 19.7% during the 3rd quarter. Stifel Financial Corp now owns 178,702 shares of the medical technology company’s stock worth $994,000 after purchasing an additional 29,411 shares during the last quarter. Polar Asset Management Partners Inc. raised its holdings in Alphatec by 381.9% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 621,224 shares of the medical technology company’s stock valued at $3,454,000 after buying an additional 492,324 shares during the period. Finally, HighTower Advisors LLC lifted its position in Alphatec by 16.2% in the third quarter. HighTower Advisors LLC now owns 52,232 shares of the medical technology company’s stock valued at $290,000 after buying an additional 7,299 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ATEC shares. Canaccord Genuity Group reiterated a “buy” rating and set a $20.00 price target on shares of Alphatec in a research report on Friday, August 30th. HC Wainwright restated a “buy” rating and set a $20.00 price target on shares of Alphatec in a research note on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and set a $13.00 price target on shares of Alphatec in a research report on Thursday, October 31st. Barclays boosted their price objective on Alphatec from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Finally, Lake Street Capital lowered their target price on Alphatec from $32.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Alphatec has an average rating of “Moderate Buy” and a consensus target price of $17.11.

Alphatec Stock Performance

Shares of ATEC opened at $8.85 on Friday. The stock has a 50-day simple moving average of $8.29 and a 200-day simple moving average of $8.13. The stock has a market capitalization of $1.26 billion, a PE ratio of -6.91 and a beta of 1.38. Alphatec Holdings, Inc. has a 1 year low of $4.88 and a 1 year high of $17.34. The company has a debt-to-equity ratio of 30.21, a quick ratio of 1.15 and a current ratio of 2.32.

Alphatec Profile

Alphatec Holdings, Inc, a medical technology company, designs, develops, and advances technologies for the surgical treatment of spinal disorders in the United States and internationally. It manufactures and sells implants and instruments through third-party suppliers. The company offers Alpha InformatiX product platform, including EOS imaging system that provides full-body imaging; VEA alignment mobile application, which leverages EOS technology to more quickly quantify alignment parameters on a mobile device; SafeOp Neural InformatiX System that automates electromyographic and somatosensory evoked potential monitoring; and Valence, an intra-operative system that integrates navigation and robotics into spine procedures, as well as Sigma Prone TransPsoas (PTP) Access and PTP Patient Positioning Systems.