Old Mutual Global Investors UK Ltd. Sells 127,741 Shares of MiMedx Group Inc (MDXG)

Old Mutual Global Investors UK Ltd. decreased its holdings in shares of MiMedx Group Inc (NASDAQ:MDXG) by 70.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,233 shares of the medical equipment provider’s stock after selling 127,741 shares during the quarter. Old Mutual Global Investors UK Ltd.’s holdings in MiMedx Group were worth $671,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MDXG. New York State Common Retirement Fund lifted its stake in MiMedx Group by 25.8% in the second quarter. New York State Common Retirement Fund now owns 130,805 shares of the medical equipment provider’s stock valued at $1,958,000 after acquiring an additional 26,804 shares during the last quarter. Northern Trust Corp lifted its stake in MiMedx Group by 2.2% in the second quarter. Northern Trust Corp now owns 1,381,250 shares of the medical equipment provider’s stock valued at $20,677,000 after acquiring an additional 29,265 shares during the last quarter. Vanguard Group Inc. lifted its stake in MiMedx Group by 11.1% in the second quarter. Vanguard Group Inc. now owns 5,661,111 shares of the medical equipment provider’s stock valued at $84,746,000 after acquiring an additional 566,114 shares during the last quarter. California Public Employees Retirement System lifted its stake in MiMedx Group by 60.0% in the second quarter. California Public Employees Retirement System now owns 65,100 shares of the medical equipment provider’s stock valued at $975,000 after acquiring an additional 24,400 shares during the last quarter. Finally, Virtu KCG Holdings LLC acquired a new stake in MiMedx Group in the second quarter valued at $293,000. Institutional investors and hedge funds own 69.23% of the company’s stock.

Shares of MiMedx Group Inc (NASDAQ:MDXG) opened at $14.47 on Friday. The company has a market cap of $1,606.68, a price-to-earnings ratio of 68.90, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08. MiMedx Group Inc has a 12 month low of $7.70 and a 12 month high of $18.25.

MiMedx Group announced that its board has initiated a share repurchase program on Wednesday, December 13th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the medical equipment provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

A number of analysts have commented on MDXG shares. Zacks Investment Research cut shares of MiMedx Group from a “hold” rating to a “sell” rating in a research note on Friday, December 8th. Lake Street Capital set a $18.00 price target on shares of MiMedx Group and gave the company a “buy” rating in a research note on Thursday, December 14th. Piper Jaffray Companies reiterated a “buy” rating and issued a $18.00 price target on shares of MiMedx Group in a research note on Friday, November 24th. BidaskClub cut shares of MiMedx Group from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $21.00 price target on shares of MiMedx Group in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $17.00.

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MiMedx Group Company Profile

MiMedx Group, Inc is an integrated developer, processor and marketer of regenerative biomaterial products and bioimplants human placental tissue, skin and bone. The Company’s Regenerative Biomaterials segment includes the design, manufacture, and marketing of products and tissue processing services for the Wound Care, Surgical, Sports Medicine, Ophthalmic and Dental market categories.

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Institutional Ownership by Quarter for MiMedx Group (NASDAQ:MDXG)

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