Brown Capital Management LLC recently announced the acquisition of new stake in OrthoPediatrics Corp. (NASDAQ:KIDS). The institutional investor has increased its shareholding in the Healthcare company by 0.32% to 3.38 million shares with purchase of 10930.0 shares. This fresh investment now brings its stake to 14.77% valued currently at $148.73 million. In addition, Brown Advisory LLC raised its holdings by 7059.0 to 1.57 million shares. And Riverbridge Partners LLC has lifted its position by 9.75% or 98883.0 shares – to 1.11 million shares.
With over 0.43 million OrthoPediatrics Corp. (KIDS) shares trading Tuesday and a closing price of $44.00 on the day, the dollar volume was approximately $19.0 million. The shares have shown a positive half year performance of 4.89% and its price on 01/10/23 lost nearly -0.59%. Currently, there are 21.15M common shares owned by the public and among those 15.35M shares have been available to trade.
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Insiders at the company have transacted a total of 30 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 4,674,477 shares. Insider sales of the common stock occurred on 9 occasions, with total insider shares sold totaling 39,957 shares.
The top 3 mutual fund holders in OrthoPediatrics Corp. are Brown Capital Management – Small, Brown Advisory Small Cap Growth F, and Vanguard Total Stock Market Index. Brown Capital Management – Small owns 1.8 million shares of the company’s stock, all valued at over $78.97 million. The company sold 7222.0 shares recently to bring their total holdings to about 7.84% of the shares outstanding. Vanguard Total Stock Market Index now owns shares totaling to 1.91% of the shares outstanding.
Shares of OrthoPediatrics Corp. (NASDAQ: KIDS) opened at $43.22, down -$1.04 from a prior closing price of $44.26. However, the script later moved the day high at 44.92, down -0.59%. The company’s stock has a 5-day price change of 7.40% and 2.56% over the past three months. KIDS shares are trading 10.75% year to date (YTD), with the 12-month market performance down to -16.59% lower. It has a 12-month low price of $35.67 and touched a high of $60.75 over the same period. KIDS has an average intraday trading volume of 130.49K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.68%, 7.56%, and -3.69% respectively.
Institutional ownership of OrthoPediatrics Corp. (NASDAQ: KIDS) shares accounts for 69.70% of the company’s 21.15M shares outstanding. Mutual fund holders own 31.23%, while other institutional holders and individual stakeholders account for 36.56% and 26.83% respectively.
It has a market capitalization of $1.02B and a beta (3y monthly) value of 0.84. The stock’s trailing 12-month PE ratio is 113.40, while the earnings-per-share (ttm) stands at $0.39. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.78% over the week and 5.42% over the month.
Analysts forecast that OrthoPediatrics Corp. (KIDS) will achieve an EPS of -$0.2 for the current quarter, -$0.23 for the next quarter and -$0.64 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.27 while analysts give the company a high EPS estimate of -$0.15. Comparatively, EPS for the current quarter was -$0.11 a year ago. Earnings per share for the fiscal year are expected to increase by 53.70%, and -613.30% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate OrthoPediatrics Corp. (KIDS) as a “Strong Buy” at a consensus score of 1.90. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 1 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the KIDS, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on June 14, 2021, with the firm’s price target at $70-$77. Needham coverage for the OrthoPediatrics Corp. (KIDS) stock in a research note released on April 02, 2020 offered a Buy rating with a price target of $46. SunTrust was of a view on January 08, 2020 that the stock is Buy, while Needham gave the stock Buy rating on June 19, 2019, issuing a price target of $53. JMP Securities on their part issued Mkt Outperform rating on February 20, 2019.
