Ancora Advisors LLC acquired a new position in shares of K2M Group Holdings Inc (NASDAQ:KTWO) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 15,000 shares of the medical device company’s stock, valued at approximately $411,000.

A number of other hedge funds also recently made changes to their positions in the business. Rhumbline Advisers grew its holdings in K2M Group by 7.4% during the 2nd quarter. Rhumbline Advisers now owns 39,058 shares of the medical device company’s stock worth $879,000 after acquiring an additional 2,682 shares in the last quarter. Sei Investments Co. grew its holdings in K2M Group by 4.3% during the 2nd quarter. Sei Investments Co. now owns 96,897 shares of the medical device company’s stock worth $2,181,000 after acquiring an additional 4,001 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in K2M Group during the 3rd quarter worth $115,000. Waddell & Reed Financial Inc. grew its holdings in K2M Group by 0.3% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 2,220,769 shares of the medical device company’s stock worth $49,967,000 after acquiring an additional 6,790 shares in the last quarter. Finally, Broadview Advisors LLC grew its holdings in K2M Group by 1.4% during the 3rd quarter. Broadview Advisors LLC now owns 504,915 shares of the medical device company’s stock worth $13,820,000 after acquiring an additional 6,950 shares in the last quarter.

Several research analysts have recently commented on the stock. BidaskClub raised shares of K2M Group from a “hold” rating to a “buy” rating in a report on Saturday, August 25th. ValuEngine raised shares of K2M Group from a “buy” rating to a “strong-buy” rating in a report on Monday, October 8th. Royal Bank of Canada lowered shares of K2M Group from an “outperform” rating to a “sector perform” rating in a report on Monday, September 24th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $28.00 price target on shares of K2M Group in a report on Thursday, August 30th. Finally, Needham & Company LLC lowered shares of K2M Group from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $26.80.

NASDAQ KTWO opened at $27.50 on Thursday. K2M Group Holdings Inc has a one year low of $16.44 and a one year high of $27.50. The company has a quick ratio of 1.79, a current ratio of 3.10 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.20 billion, a PE ratio of -31.61 and a beta of 1.43.

K2M Group (NASDAQ:KTWO) last posted its quarterly earnings results on Thursday, November 8th. The medical device company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.12). K2M Group had a negative net margin of 16.66% and a negative return on equity of 19.69%. Equities analysts forecast that K2M Group Holdings Inc will post -0.77 EPS for the current year.

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About K2M Group

K2M Group Holdings, Inc, a medical device company, provides spine and minimally invasive solutions in the United States and internationally. The company offers implants, disposables, and instruments primarily to hospitals for use by spine surgeons to treat spinal pathologies, such as deformity, trauma, and tumor.

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

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