Strs Ohio raised its stake in shares of Wright Medical Group N.V. (NASDAQ:WMGI) by 290.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,200 shares of the medical device company’s stock after buying an additional 38,100 shares during the period. Strs Ohio’s holdings in Wright Medical Group N.V. were worth $1,407,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in WMGI. US Bancorp DE increased its position in Wright Medical Group N.V. by 41.3% in the second quarter. US Bancorp DE now owns 5,624 shares of the medical device company’s stock valued at $155,000 after buying an additional 1,644 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Wright Medical Group N.V. during the first quarter valued at about $207,000. Prudential Financial Inc. acquired a new position in Wright Medical Group N.V. during the first quarter valued at about $219,000. Teacher Retirement System of Texas acquired a new position in Wright Medical Group N.V. during the first quarter valued at about $230,000. Finally, Fairfield Bush & CO. acquired a new position in Wright Medical Group N.V. during the first quarter valued at about $233,000.
Shares of Wright Medical Group N.V. (NASDAQ:WMGI) opened at 27.80 on Friday. The firm’s market capitalization is $2.90 billion. The firm has a 50-day moving average of $27.24 and a 200-day moving average of $27.94. Wright Medical Group N.V. has a 12-month low of $20.50 and a 12-month high of $31.53.
Wright Medical Group N.V. (NASDAQ:WMGI) last issued its quarterly earnings data on Wednesday, August 2nd. The medical device company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. Wright Medical Group N.V. had a negative net margin of 36.04% and a negative return on equity of 6.22%. The business had revenue of $179.69 million during the quarter, compared to analyst estimates of $178.17 million. During the same period in the prior year, the business earned ($0.11) EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities analysts anticipate that Wright Medical Group N.V. will post ($0.29) earnings per share for the current year.
TRADEMARK VIOLATION WARNING: This story was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://stocknewstimes.com/2017/08/13/strs-ohio-has-1-41-million-position-in-wright-medical-group-n-v-wmgi.html.
Several equities analysts have recently issued reports on WMGI shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $33.00 price target on shares of Wright Medical Group N.V. in a research note on Friday, August 4th. Piper Jaffray Companies reissued a “buy” rating and set a $34.00 target price on shares of Wright Medical Group N.V. in a research note on Thursday, August 3rd. BMO Capital Markets reissued a “buy” rating and set a $34.00 target price on shares of Wright Medical Group N.V. in a research note on Thursday, May 4th. BidaskClub raised shares of Wright Medical Group N.V. from a “sell” rating to a “hold” rating in a research note on Friday. Finally, ValuEngine raised shares of Wright Medical Group N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $32.25.
In other Wright Medical Group N.V. news, SVP Jennifer S. Walker sold 10,000 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $26.77, for a total value of $267,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lance A. Berry sold 6,685 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $27.14, for a total transaction of $181,430.90. The disclosure for this sale can be found here. Insiders sold a total of 40,655 shares of company stock valued at $1,116,708 over the last 90 days. Company insiders own 9.30% of the company’s stock.
Wright Medical Group N.V. Company Profile
Wright Medical Group, Inc is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients’ lifestyles. The Company operates through three segments: U.S., International and BioMimetic.
Receive News & Ratings for Wright Medical Group N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wright Medical Group N.V. and related companies with MarketBeat.com's FREE daily email newsletter.
