C WorldWide Group Holding A S increased its position in K2M Group Holdings, Inc. (NASDAQ:KTWO) by 9.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,192 shares of the medical device company’s stock after purchasing an additional 17,615 shares during the quarter. C WorldWide Group Holding A S owned 0.46% of K2M Group Holdings worth $4,267,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. TimesSquare Capital Management LLC raised its holdings in K2M Group Holdings by 31.5% in 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 in the last quarter. Prudential Financial Inc. acquired a new stake in K2M Group Holdings in the second quarter valued at $6,595,000. Artemis Investment Management LLP raised its holdings in K2M Group Holdings by 255.4% in the second quarter. Artemis Investment Management LLP now owns 316,703 shares of the medical device company’s stock valued at $7,716,000 after acquiring an additional 227,582 shares in the last quarter. State Street Corp raised its holdings in K2M Group Holdings by 39.8% in the second quarter. State Street Corp now owns 713,257 shares of the medical device company’s stock valued at $17,378,000 after acquiring an additional 203,067 shares in the last quarter. Finally, Sectoral Asset Management Inc raised its holdings in K2M Group Holdings by 22.9% in the second quarter. Sectoral Asset Management Inc now owns 1,028,219 shares of the medical device company’s stock valued at $25,047,000 after acquiring an additional 191,699 shares in the last quarter. Institutional investors and hedge funds own 99.92% of the company’s stock.

In related news, CFO Gregory S. Cole sold 2,350 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $24.08, for a total value of $56,588.00. Following the sale, the chief financial officer now owns 55,158 shares of the company’s stock, valued at approximately $1,328,204.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John Philip Md Kostuik sold 1,332 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $23.30, for a total transaction of $31,035.60. Following the completion of the sale, the insider now directly owns 200,629 shares in the company, valued at approximately $4,674,655.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,772 shares of company stock worth $113,871. Corporate insiders own 5.80% of the company’s stock.

KTWO has been the topic of several recent analyst reports. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $28.00 price target on shares of K2M Group Holdings in a report on Tuesday, October 10th. Oppenheimer Holdings, Inc. set a $24.00 target price on shares of K2M Group Holdings and gave the stock a “buy” rating in a report on Wednesday, October 18th. Royal Bank Of Canada reissued a “buy” rating and set a $26.00 target price on shares of K2M Group Holdings in a report on Friday, September 22nd. Zacks Investment Research raised shares of K2M Group Holdings from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, October 4th. Finally, Wells Fargo & Company dropped their target price on shares of K2M Group Holdings from $28.00 to $23.00 and set an “outperform” rating on the stock in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. K2M Group Holdings currently has an average rating of “Buy” and an average price target of $25.00.

K2M Group Holdings, Inc. (KTWO) traded down $0.29 during mid-day trading on Monday, hitting $18.58. 137,900 shares of the company were exchanged, compared to its average volume of 418,122. 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 Holdings, Inc. has a 1-year low of $17.23 and a 1-year high of $25.99.

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

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K2M Group Holdings 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 Holdings (NASDAQ:KTWO)

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