Sterling Capital Management LLC Boosts Holdings in K2M Group Holdings, Inc. (KTWO)

Sterling Capital Management LLC raised its position in shares of K2M Group Holdings, Inc. (NASDAQ:KTWO) by 20.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,493 shares of the medical device company’s stock after acquiring an additional 20,986 shares during the period. Sterling Capital Management LLC owned approximately 0.29% of K2M Group worth $2,620,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. TimesSquare Capital Management LLC grew its position in K2M Group by 31.5% during the second quarter. TimesSquare Capital Management LLC now owns 2,888,020 shares of the medical device company’s stock valued at $70,352,000 after acquiring an additional 691,000 shares during the period. Cortina Asset Management LLC grew its position in K2M Group by 5.5% during the third quarter. Cortina Asset Management LLC now owns 1,736,285 shares of the medical device company’s stock valued at $36,827,000 after acquiring an additional 90,365 shares during the period. Schroder Investment Management Group grew its position in K2M Group by 0.9% during the third quarter. Schroder Investment Management Group now owns 1,574,831 shares of the medical device company’s stock valued at $32,552,000 after acquiring an additional 14,491 shares during the period. Vanguard Group Inc. grew its position in K2M Group by 12.4% during the second quarter. Vanguard Group Inc. now owns 1,550,592 shares of the medical device company’s stock valued at $37,772,000 after acquiring an additional 171,502 shares during the period. Finally, JPMorgan Chase & Co. grew its position in K2M Group by 4.9% during the third quarter. JPMorgan Chase & Co. now owns 1,031,404 shares of the medical device company’s stock valued at $21,318,000 after acquiring an additional 48,297 shares during the period. 99.16% of the stock is owned by hedge funds and other institutional investors.

Shares of K2M Group Holdings, Inc. (NASDAQ KTWO) opened at $18.00 on Friday. K2M Group Holdings, Inc. has a 1 year low of $16.44 and a 1 year high of $25.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.67 and a current ratio of 3.06.

K2M Group (NASDAQ:KTWO) last issued its earnings results on Wednesday, November 1st. The medical device company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.01). K2M Group had a negative return on equity of 16.02% and a negative net margin of 16.22%. The company had revenue of $62.65 million during the quarter, compared to analysts’ expectations of $62.69 million. During the same period in the previous year, the company earned ($0.19) EPS. K2M Group’s quarterly revenue was up 5.6% on a year-over-year basis. analysts anticipate that K2M Group Holdings, Inc. will post -0.86 EPS for the current fiscal year.

A number of research firms have issued reports on KTWO. Piper Jaffray Companies reissued an “overweight” rating and set a $28.00 price target on shares of K2M Group in a research report on Tuesday, October 10th. UBS reaffirmed a “buy” rating and issued a $24.00 target price (down previously from $26.00) on shares of K2M Group in a research report on Tuesday, October 10th. BidaskClub downgraded K2M Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Zacks Investment Research raised K2M Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, William Blair reaffirmed an “outperform” rating on shares of K2M Group in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $24.40.

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K2M Group Company Profile

K2M Group Holdings, Inc is a medical device company focused on designing, developing and commercializing spine and minimally invasive technologies and techniques. The Company’s solutions are focused on achieving three-dimensional Total Body Balance. Its spine products are used by spine surgeons to treat spinal pathologies, such as deformity (primarily scoliosis), trauma and tumor.

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Institutional Ownership by Quarter for K2M Group (NASDAQ:KTWO)

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