Strs Ohio raised its stake in Wright Medical Group N.V. (NASDAQ:WMGI) by 290.8% during the second quarter, Holdings Channel reports. The fund owned 51,200 shares of the medical device company’s stock after buying an additional 38,100 shares during the period. Strs Ohio’s holdings in Wright Medical Group N.V. were worth $1,407,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Mcrae Capital Management Inc. raised its position in shares of Wright Medical Group N.V. by 2.7% in the first quarter. Mcrae Capital Management Inc. now owns 9,457 shares of the medical device company’s stock valued at $294,000 after buying an additional 250 shares during the last quarter. Commerce Bank raised its position in shares of Wright Medical Group N.V. by 7.4% in the first quarter. Commerce Bank now owns 18,837 shares of the medical device company’s stock valued at $586,000 after buying an additional 1,300 shares during the last quarter. Swiss National Bank raised its position in shares of Wright Medical Group N.V. by 0.9% in the first quarter. Swiss National Bank now owns 153,794 shares of the medical device company’s stock valued at $4,786,000 after buying an additional 1,400 shares during the last quarter. Legal & General Group Plc raised its position in shares of Wright Medical Group N.V. by 4.1% in the first quarter. Legal & General Group Plc now owns 36,155 shares of the medical device company’s stock valued at $1,125,000 after buying an additional 1,424 shares during the last quarter. Finally, US Bancorp DE raised its position 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 valued at $155,000 after buying an additional 1,644 shares during the last quarter.

Shares of Wright Medical Group N.V. (WMGI) opened at 27.80 on Friday. The stock’s 50 day moving average is $27.24 and its 200-day moving average is $27.94. The stock’s market cap is $2.90 billion. Wright Medical Group N.V. has a one year low of $20.50 and a one year high of $31.53.

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

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Several analysts recently commented on the stock. BMO Capital Markets reissued a “buy” rating and set a $34.00 price objective on shares of Wright Medical Group N.V. in a research report on Thursday, May 4th. ValuEngine raised shares of Wright Medical Group N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Needham & Company LLC reissued a “hold” rating on shares of Wright Medical Group N.V. in a research report on Thursday, May 4th. BidaskClub raised shares of Wright Medical Group N.V. from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Oppenheimer Holdings, Inc. set a $29.00 price objective on shares of Wright Medical Group N.V. and gave the company a “hold” rating in a research report on Thursday, May 4th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $32.25.

In other Wright Medical Group N.V. news, SVP Jonathan Wesley Porter sold 2,490 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $27.09, for a total value of $67,454.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jennifer S. Walker sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $28.00, for a total value of $560,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,655 shares of company stock worth $1,116,708. 9.30% of the stock is owned by insiders.

About Wright Medical Group N.V.

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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