Wright Medical Group N.V. (NASDAQ:WMGI) saw some unusual options trading on Thursday. Investors purchased 1,234 call options on the stock. This is an increase of approximately Infinity compared to the typical daily volume of 0 call options.

Several institutional investors and hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in shares of Wright Medical Group N.V. in the third quarter valued at $1,060,000. Stevens Capital Management LP raised its stake in shares of Wright Medical Group N.V. by 25.5% in the third quarter. Stevens Capital Management LP now owns 15,298 shares of the medical device company’s stock valued at $396,000 after buying an additional 3,112 shares during the period. Deltec Asset Management LLC bought a new stake in shares of Wright Medical Group N.V. in the third quarter valued at $402,000. American Capital Management Inc. raised its stake in shares of Wright Medical Group N.V. by 88.3% in the third quarter. American Capital Management Inc. now owns 107,468 shares of the medical device company’s stock valued at $2,780,000 after buying an additional 50,393 shares during the period. Finally, Peregrine Capital Management LLC raised its stake in shares of Wright Medical Group N.V. by 3.5% in the third quarter. Peregrine Capital Management LLC now owns 982,434 shares of the medical device company’s stock valued at $25,416,000 after buying an additional 33,400 shares during the period.

Wright Medical Group N.V. (NASDAQ WMGI) opened at $24.56 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.45 and a debt-to-equity ratio of 1.27. Wright Medical Group N.V. has a 1 year low of $20.69 and a 1 year high of $31.53.

Wright Medical Group N.V. (NASDAQ:WMGI) last posted its quarterly earnings data on Wednesday, November 1st. The medical device company reported ($0.16) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.16). The business had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $173.50 million. Wright Medical Group N.V. had a negative return on equity of 5.99% and a negative net margin of 38.40%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. sell-side analysts predict that Wright Medical Group N.V. will post -0.28 EPS for the current year.

WMGI has been the topic of several analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $33.00 target price on shares of Wright Medical Group N.V. in a research report on Thursday, October 12th. Oppenheimer Holdings, Inc. set a $30.00 target price on Wright Medical Group N.V. and gave the company a “hold” rating in a research report on Thursday, August 3rd. Robert W. Baird reaffirmed a “buy” rating and set a $33.00 target price on shares of Wright Medical Group N.V. in a research report on Friday, October 6th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $31.00 target price on shares of Wright Medical Group N.V. in a research report on Tuesday, October 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Wright Medical Group N.V. in a research report on Friday, September 1st. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Wright Medical Group N.V. presently has an average rating of “Buy” and a consensus target price of $32.22.

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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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