Fintel reports that Gen IV Investment Opportunities
has filed a 13D/A form
with the SEC disclosing ownership of
2.94MM
shares of Alphatec Holdings Inc (ATEC).
This represents 17.3% of the company.
In their previous filing dated October 18, 2019
they reported 2.69MM shares and 16.30% of the company,
an increase in shares of 9.21%
and
an increase in total ownership of
1.00% (calculated as current – previous percent ownership).
Analyst Price Forecast Suggests 28.49% Upside
As of March 30, 2023,
the average one-year price target for Alphatec Holdings is $19.84.
The forecasts range from a low of $17.17 to a high of $23.62.
The average price target represents an increase of 28.49% from its latest reported closing price of $15.44.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Alphatec Holdings
is $420MM, an increase of 19.60%.
The projected annual non-GAAP EPS
is -$1.02.
What is the Fund Sentiment?
There are 338 funds or institutions reporting positions in Alphatec Holdings.
This is an increase
of
24
owner(s) or 7.64% in the last quarter.
Average portfolio weight of all funds dedicated to ATEC is 0.30%,
an increase
of 27.53%.
Total shares owned by institutions increased
in the last three months by 6.58% to 61,910K shares.
The put/call ratio of ATEC is 0.24, indicating a
bullish
outlook.
What are Large Shareholders Doing?
First Light Asset Management
holds 2,926K shares
representing 2.63% ownership of the company.
In it’s prior filing, the firm reported owning 2,975K shares, representing
a decrease
of 1.66%.
The firm
increased
its portfolio allocation in ATEC by 27.48% over the last quarter.
Millennium Management
holds 2,768K shares
representing 2.49% ownership of the company.
In it’s prior filing, the firm reported owning 1,357K shares, representing
an increase
of 50.97%.
The firm
increased
its portfolio allocation in ATEC by 169.61% over the last quarter.
Next Century Growth Investors
holds 2,320K shares
representing 2.09% ownership of the company.
In it’s prior filing, the firm reported owning 1,917K shares, representing
an increase
of 17.40%.
The firm
increased
its portfolio allocation in ATEC by 68.41% over the last quarter.
Jpmorgan Chase &
holds 2,072K shares
representing 1.86% ownership of the company.
In it’s prior filing, the firm reported owning 1,588K shares, representing
an increase
of 23.36%.
The firm
increased
its portfolio allocation in ATEC by 169,163.68% over the last quarter.
Janus Henderson Group
holds 1,936K shares
representing 1.74% ownership of the company.
In it’s prior filing, the firm reported owning 1,936K shares, representing
a decrease
of 0.00%.
The firm
increased
its portfolio allocation in ATEC by 34.73% over the last quarter.
Alphatec Holdings Background Information
(This description is provided by the company.)
Alphatec Holdings, Inc. (ATEC), through its wholly-owned subsidiaries, Alphatec Spine, Inc. and SafeOp Surgical, Inc., is a medical device company dedicated to revolutionizing the approach to spine surgery through clinical distinction. ATEC’s Organic Innovation Machine is focused on developing new approaches that integrate seamlessly with the SafeOp Neural InformatiX System to safely and reproducibly treat spine’s various pathologies and achieve the goals of spine surgery. Alphatec’s ultimate vision is to be the Standard Bearer in Spine.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
