The Connor Clark & Lunn Investment Management Ltd. Boosts Position in Orthofix International N.V. (OFIX), Report finds

The Connor Clark & Lunn Investment Management Ltd. Boosts Position in Orthofix International N.V. (OFIX), Report finds

Several other large investors also recently bought and sold shares of the stock. Shell Asset Management Co. bought a new position in shares of Orthofix International N.V. during the third quarter valued at about $527,000. Strs Ohio increased its position in shares of Orthofix International N.V. by 2.8% in the third quarter. Strs Ohio now owns 18,500 shares of the medical device company’s stock valued at $791,000 after buying an additional 500 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Orthofix International N.V. by 1.7% in the third quarter. Acadian Asset Management LLC now owns 671,530 shares of the medical device company’s stock valued at $28,721,000 after buying an additional 11,334 shares in the last quarter. Bank of Montreal Can increased its position in shares of Orthofix International N.V. by 856.7% in the third quarter. Bank of Montreal Can now owns 102,618 shares of the medical device company’s stock valued at $4,390,000 after buying an additional 91,892 shares in the last quarter. Finally, Dorsey Wright & Associates increased its position in shares of Orthofix International N.V. by 40.4% in the third quarter. Dorsey Wright & Associates now owns 12,443 shares of the medical device company’s stock valued at $532,000 after buying an additional 3,581 shares in the last quarter. Institutional investors own 93.94% of the company’s stock.

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Orthofix International N.V. (NASDAQ:OFIX) by 33.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,600 shares of the medical device company’s stock after buying an additional 11,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.27% of Orthofix International N.V. worth $2,036,000 as of its most recent filing with the SEC.

Orthofix International N.V. (NASDAQ:OFIX) traded up 0.67% during mid-day trading on Friday, reaching $37.74. 93,569 shares of the company’s stock traded hands. The company has a 50-day moving average of $36.20 and a 200-day moving average of $39.72. The company has a market capitalization of $672.75 million, a price-to-earnings ratio of 72.16 and a beta of 0.36. Orthofix International N.V. has a 52-week low of $32.51 and a 52-week high of $48.25.

Separately, Zacks Investment Research cut shares of Orthofix International N.V. from a “buy” rating to a “hold” rating in a research note on Wednesday, January 18th.

About Orthofix International N.V.

Orthofix International N.V. (Orthofix) is a global medical device company. The Company is focused on providing reconstructive and regenerative orthopedic and spine solutions to physicians. The company operates in four segments: BioStim, Biologics, Extremity Fixation and Spine Fixation. Its BioStim solutions products include Cervical-Stim, Spinal-Stim and Physio-Stim.

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