Wright Medical Group N.V. (WMGI) Stake Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in Wright Medical Group N.V. (NASDAQ:WMGI) by 13.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 300,968 shares of the medical device company’s stock after selling 46,833 shares during the period. New York State Common Retirement Fund owned 0.29% of Wright Medical Group N.V. worth $8,274,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Wright Medical Group N.V. by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,797 shares of the medical device company’s stock worth $104,000 after purchasing an additional 396 shares during the period. First Mercantile Trust Co. increased its stake in shares of Wright Medical Group N.V. by 21.7% in the second quarter. First Mercantile Trust Co. now owns 4,380 shares of the medical device company’s stock worth $120,000 after purchasing an additional 780 shares during the period. Fortaleza Asset Management Inc. bought a new position in shares of Wright Medical Group N.V. in the second quarter worth about $148,000. US Bancorp DE increased its stake in shares of 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 worth $155,000 after purchasing an additional 1,644 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Wright Medical Group N.V. by 9.1% in the second quarter. Prudential Financial Inc. now owns 7,678 shares of the medical device company’s stock worth $211,000 after purchasing an additional 640 shares during the period.

WARNING: “Wright Medical Group N.V. (WMGI) Stake Lowered by New York State Common Retirement Fund” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/wright-medical-group-n-v-wmgi-stake-lowered-by-new-york-state-common-retirement-fund.html.

In other Wright Medical Group N.V. news, SVP Jennifer S. Walker sold 20,000 shares of the stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $28.00, for a total value of $560,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.50% of the stock is owned by corporate insiders.

A number of equities analysts have recently commented on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $31.00 price objective on shares of Wright Medical Group N.V. in a research note on Tuesday, October 3rd. BidaskClub upgraded Wright Medical Group N.V. from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $33.00 price objective on shares of Wright Medical Group N.V. in a research note on Friday, August 4th. Piper Jaffray Companies reiterated a “buy” rating and issued a $34.00 price objective on shares of Wright Medical Group N.V. in a research note on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. set a $30.00 price objective on Wright Medical Group N.V. and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $32.20.

Wright Medical Group N.V. (NASDAQ:WMGI) opened at 26.08 on Tuesday. Wright Medical Group N.V. has a 52 week low of $20.50 and a 52 week high of $31.53. The company’s 50-day moving average price is $27.48 and its 200 day moving average price is $27.98. The company’s market capitalization is $2.72 billion.

Wright Medical Group N.V. (NASDAQ:WMGI) last released its quarterly earnings results on Wednesday, August 2nd. The medical device company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The firm had revenue of $179.69 million for the quarter, compared to analysts’ expectations of $178.17 million. Wright Medical Group N.V. had a negative net margin of 36.04% and a negative return on equity of 6.22%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm

Other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Wright Medical Group N.V. by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,797 shares of the medical device company’s stock worth $104,000 after purchasing an additional 396 shares during the period. First Mercantile Trust Co. increased its stake in shares of Wright Medical Group N.V. by 21.7% in the second quarter. First Mercantile Trust Co. now owns 4,380 shares of the medical device company’s stock worth $120,000 after purchasing an additional 780 shares during the period. Fortaleza Asset Management Inc. bought a new position in shares of Wright Medical Group N.V. in the second quarter worth about $148,000. US Bancorp DE increased its stake in shares of 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 worth $155,000 after purchasing an additional 1,644 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Wright Medical Group N.V. by 9.1% in the second quarter. Prudential Financial Inc. now owns 7,678 shares of the medical device company’s stock worth $211,000 after purchasing an additional 640 shares during the period.

WARNING: “Wright Medical Group N.V. (WMGI) Stake Lowered by New York State Common Retirement Fund” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/wright-medical-group-n-v-wmgi-stake-lowered-by-new-york-state-common-retirement-fund.html.

In other Wright Medical Group N.V. news, SVP Jennifer S. Walker sold 20,000 shares of the stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $28.00, for a total value of $560,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.50% of the stock is owned by corporate insiders.

A number of equities analysts have recently commented on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $31.00 price objective on shares of Wright Medical Group N.V. in a research note on Tuesday, October 3rd. BidaskClub upgraded Wright Medical Group N.V. from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $33.00 price objective on shares of Wright Medical Group N.V. in a research note on Friday, August 4th. Piper Jaffray Companies reiterated a “buy” rating and issued a $34.00 price objective on shares of Wright Medical Group N.V. in a research note on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. set a $30.00 price objective on Wright Medical Group N.V. and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $32.20.

Wright Medical Group N.V. (NASDAQ:WMGI) opened at 26.08 on Tuesday. Wright Medical Group N.V. has a 52 week low of $20.50 and a 52 week high of $31.53. The company’s 50-day moving average price is $27.48 and its 200 day moving average price is $27.98. The company’s market capitalization is $2.72 billion.

Wright Medical Group N.V. (NASDAQ:WMGI) last released its quarterly earnings results on Wednesday, August 2nd. The medical device company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The firm had revenue of $179.69 million for the quarter, compared to analysts’ expectations of $178.17 million. Wright Medical Group N.V. had a negative net margin of 36.04% and a negative return on equity of 6.22%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) EPS. On average, analysts predict that Wright Medical Group N.V. will post ($0.29) EPS for the current year.

Wright Medical Group N.V. 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.

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Institutional Ownership by Quarter for Wright Medical Group N.V. (NASDAQ:WMGI)

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