OrthoPediatrics Corp. (NASDAQ:KIDS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its stake in shares of OrthoPediatrics Corp. (NASDAQ:KIDS) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,405 shares of the company’s stock after selling 2,243 shares during the quarter. Jane Street Group LLC owned about 0.12% of OrthoPediatrics worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Divisadero Street Capital Management LP bought a new stake in OrthoPediatrics during the second quarter worth approximately $514,000. Wellington Management Group LLP raised its stake in shares of OrthoPediatrics by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 883,221 shares of the company’s stock worth $23,944,000 after buying an additional 122,846 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of OrthoPediatrics by 268.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 246,860 shares of the company’s stock worth $6,692,000 after buying an additional 179,803 shares in the last quarter. International Assets Investment Management LLC boosted its stake in OrthoPediatrics by 2,610.8% during the third quarter. International Assets Investment Management LLC now owns 1,003 shares of the company’s stock valued at $27,000 after buying an additional 966 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in OrthoPediatrics by 345.2% during the second quarter. Sei Investments Co. now owns 30,747 shares of the company’s stock worth $884,000 after acquiring an additional 23,841 shares during the period. 69.05% of the stock is owned by institutional investors and hedge funds.

OrthoPediatrics Trading Down 1.3 %

Shares of KIDS opened at $22.87 on Friday. The company has a current ratio of 7.17, a quick ratio of 3.68 and a debt-to-equity ratio of 0.19. OrthoPediatrics Corp. has a 1-year low of $21.02 and a 1-year high of $35.99. The stock has a market capitalization of $553.82 million, a P/E ratio of -18.59 and a beta of 1.14. The business’s 50-day moving average price is $24.58 and its 200 day moving average price is $27.67.

Analysts Set New Price Targets

KIDS has been the subject of a number of research analyst reports. JMP Securities reissued a “market outperform” rating and issued a $50.00 price target on shares of OrthoPediatrics in a report on Friday, September 13th. Needham & Company LLC reissued a “buy” rating and set a $42.00 target price on shares of OrthoPediatrics in a research note on Friday, November 8th. Finally, Truist Financial decreased their price target on shares of OrthoPediatrics from $28.00 to $25.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th.

About OrthoPediatrics

OrthoPediatrics Corp., a medical device company, engages in designing, developing, and marketing anatomically appropriate implants, instruments, and specialized braces for children with orthopedic conditions in the United States and internationally. The company offers pediatric trauma and deformity correction products; scoliosis procedures for the treatment of spinal deformity; and sports medicine and other products.