Polar Asset Management Partners Inc. Makes New $2.29 Million Investment in OrthoPediatrics Corp. (NASDAQ:KIDS)

Polar Asset Management Partners Inc. purchased a new stake in shares of OrthoPediatrics Corp. (NASDAQ:KIDS) during the third quarter, Holdings Channel.com reports. The firm purchased 84,400 shares of the company’s stock, valued at approximately $2,288,000.

A number of other large investors have also made changes to their positions in KIDS. Harbor Capital Advisors Inc. grew its position in OrthoPediatrics by 268.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 246,860 shares of the company’s stock worth $6,692,000 after purchasing an additional 179,803 shares in the last quarter. Portolan Capital Management LLC boosted its position in shares of OrthoPediatrics by 66.2% in the third quarter. Portolan Capital Management LLC now owns 308,099 shares of the company’s stock worth $8,353,000 after buying an additional 122,770 shares during the period. Mutual of America Capital Management LLC grew its holdings in shares of OrthoPediatrics by 195.1% during the third quarter. Mutual of America Capital Management LLC now owns 107,609 shares of the company’s stock valued at $2,917,000 after buying an additional 71,146 shares in the last quarter. Sei Investments Co. raised its position in OrthoPediatrics by 345.2% during the second quarter. Sei Investments Co. now owns 30,747 shares of the company’s stock valued at $884,000 after buying an additional 23,841 shares during the period. Finally, Divisadero Street Capital Management LP purchased a new stake in OrthoPediatrics in the 2nd quarter worth about $514,000. Institutional investors and hedge funds own 69.05% of the company’s stock.

OrthoPediatrics Stock Down 5.3 %

Shares of OrthoPediatrics stock opened at $23.10 on Friday. The firm has a market cap of $559.48 million, a price-to-earnings ratio of -18.78 and a beta of 1.14. The stock has a 50-day simple moving average of $25.89 and a 200-day simple moving average of $28.93. OrthoPediatrics Corp. has a 52-week low of $22.41 and a 52-week high of $36.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 7.17 and a quick ratio of 3.68.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KIDS shares. Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 target price on shares of OrthoPediatrics in a research note on Friday, November 8th. Truist Financial dropped their price objective on shares of OrthoPediatrics from $34.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, October 14th. Finally, JMP Securities reissued a “market outperform” rating and set a $50.00 target price on shares of OrthoPediatrics in a research note on Friday, September 13th.

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.