Wellington Management Group LLP Acquires 122,846 Shares of OrthoPediatrics Corp. (NASDAQ:KIDS)

Wellington Management Group LLP increased its holdings in OrthoPediatrics Corp. (NASDAQ:KIDS) by 16.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 883,221 shares of the company’s stock after buying an additional 122,846 shares during the period. Wellington Management Group LLP’s holdings in OrthoPediatrics were worth $23,944,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KIDS. Divisadero Street Capital Management LP purchased a new position in OrthoPediatrics during the second quarter worth $514,000. Harbor Capital Advisors Inc. boosted its stake in OrthoPediatrics by 268.1% during the third 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 during the period. 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 worth $27,000 after buying an additional 966 shares during the period. Sei Investments Co. boosted its stake 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 buying an additional 23,841 shares during the period. Finally, American Century Companies Inc. boosted its stake in OrthoPediatrics by 63.0% during the second quarter. American Century Companies Inc. now owns 15,669 shares of the company’s stock worth $451,000 after buying an additional 6,059 shares during the period. Institutional investors own 69.05% of the company’s stock.

Analysts Set New Price Targets

KIDS has been the subject of several recent analyst reports. Truist Financial dropped their price objective on shares of OrthoPediatrics from $34.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, October 14th. 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, 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.

OrthoPediatrics Stock Up 0.9 %

Shares of KIDS opened at $22.12 on Friday. The firm has a market capitalization of $535.75 million, a P/E ratio of -17.98 and a beta of 1.14. OrthoPediatrics Corp. has a 12-month low of $21.02 and a 12-month high of $36.23. The company has a current ratio of 7.17, a quick ratio of 3.68 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average price of $25.47 and a 200-day moving average price of $28.51.

OrthoPediatrics Company Profile

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.