Tudor Investment Corp ET AL cut its holdings in K2M Group Holdings, Inc. (NASDAQ:KTWO) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,898 shares of the medical device company’s stock after selling 522 shares during the period. Tudor Investment Corp ET AL owned 0.07% of K2M Group Holdings worth $753,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TimesSquare Capital Management LLC raised its holdings in shares of K2M Group Holdings by 31.5% during the 2nd quarter. TimesSquare Capital Management LLC now owns 2,888,020 shares of the medical device company’s stock worth $70,352,000 after acquiring an additional 691,000 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of K2M Group Holdings by 10.4% during the 1st quarter. Wellington Management Group LLP now owns 1,875,913 shares of the medical device company’s stock worth $38,475,000 after acquiring an additional 175,998 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of K2M Group Holdings by 1.6% during the 2nd quarter. Schroder Investment Management Group now owns 1,560,340 shares of the medical device company’s stock worth $37,401,000 after acquiring an additional 24,671 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of K2M Group Holdings by 12.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,550,592 shares of the medical device company’s stock worth $37,772,000 after acquiring an additional 171,502 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of K2M Group Holdings by 54.3% during the 1st quarter. JPMorgan Chase & Co. now owns 1,409,360 shares of the medical device company’s stock worth $28,906,000 after acquiring an additional 495,749 shares in the last quarter. 97.86% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on KTWO shares. Cowen and Company reaffirmed a “buy” rating and set a $26.00 price objective on shares of K2M Group Holdings in a report on Wednesday, July 19th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of K2M Group Holdings in a report on Thursday, June 22nd. JMP Securities reaffirmed an “outperform” rating and set a $30.00 price objective (up from $27.00) on shares of K2M Group Holdings in a report on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $26.00 price objective on shares of K2M Group Holdings in a report on Thursday, July 20th. Finally, Zacks Investment Research raised K2M Group Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $27.75.

In related news, CFO Gregory S. Cole sold 39,357 shares of K2M Group Holdings stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $23.37, for a total transaction of $919,773.09. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Gregory S. Cole sold 2,350 shares of K2M Group Holdings stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $24.08, for a total value of $56,588.00. Following the transaction, the chief financial officer now owns 55,158 shares in the company, valued at approximately $1,328,204.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,129 shares of company stock worth $1,033,644. 5.80% of the stock is currently owned by company insiders.

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K2M Group Holdings, Inc. (NASDAQ:KTWO) opened at 21.78 on Friday. The stock’s 50 day moving average price is $22.26 and its 200 day moving average price is $22.49. The company’s market cap is $942.38 million. K2M Group Holdings, Inc. has a 52-week low of $16.32 and a 52-week high of $25.99.

K2M Group Holdings (NASDAQ:KTWO) last announced its quarterly earnings data on Tuesday, August 1st. The medical device company reported ($0.21) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.01. K2M Group Holdings had a negative return on equity of 15.45% and a negative net margin of 16.21%. The firm had revenue of $65.70 million for the quarter, compared to the consensus estimate of $66.26 million. During the same quarter last year, the business posted ($0.27) earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. Analysts expect that K2M Group Holdings, Inc. will post ($0.78) earnings per share for the current year.

About K2M Group Holdings

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.

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

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