Vanguard Group Inc. Acquires 547,968 Shares of Restoration Robotics Inc (HAIR)

Vanguard Group Inc. raised its holdings in shares of Restoration Robotics Inc (NASDAQ:HAIR) by 173.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 864,368 shares of the company’s stock after purchasing an additional 547,968 shares during the quarter. Vanguard Group Inc. owned approximately 2.12% of Restoration Robotics worth $2,507,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Restoration Robotics in the 3rd quarter valued at $527,000. Blair William & Co. IL acquired a new stake in Restoration Robotics in the 3rd quarter valued at $174,000. Finally, Royce & Associates LP increased its holdings in Restoration Robotics by 180.6% in the 3rd quarter. Royce & Associates LP now owns 982,000 shares of the company’s stock valued at $2,848,000 after purchasing an additional 632,000 shares in the last quarter. 31.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of Restoration Robotics stock traded down $0.03 during trading hours on Thursday, hitting $0.81. 199,533 shares of the company’s stock traded hands, compared to its average volume of 597,461. The company has a debt-to-equity ratio of 2.08, a current ratio of 4.24 and a quick ratio of 3.72. The company has a market capitalization of $37.63 million, a PE ratio of -0.32 and a beta of 4.98. Restoration Robotics Inc has a twelve month low of $0.35 and a twelve month high of $8.20.

Several brokerages recently issued reports on HAIR. Maxim Group reiterated a “buy” rating and issued a $6.00 price target on shares of Restoration Robotics in a report on Monday, February 11th. Roth Capital reiterated a “buy” rating on shares of Restoration Robotics in a report on Tuesday, February 5th. Finally, Zacks Investment Research upgraded Restoration Robotics from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 8th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $6.58.

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Restoration Robotics Profile

Restoration Robotics, Inc, a medical device company, develops and commercializes image-guided robotic systems in the United States and internationally. The company offers ARTAS System, a physician-assisted robotic system that identifies and dissects hair follicular units directly from the scalp and creates recipient implant sites.

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