Balyasny Asset Management LLC raised its holdings in shares of Wright Medical Group N.V. (NASDAQ:WMGI) by 22.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,103,896 shares of the medical device company’s stock after acquiring an additional 199,117 shares during the period. Balyasny Asset Management LLC owned approximately 1.06% of Wright Medical Group N.V. worth $30,346,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Amalgamated Bank raised its stake in Wright Medical Group N.V. by 2.0% during the 2nd quarter. Amalgamated Bank now owns 13,229 shares of the medical device company’s stock valued at $364,000 after acquiring an additional 264 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Wright Medical Group N.V. by 11.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,797 shares of the medical device company’s stock valued at $104,000 after acquiring an additional 396 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Wright Medical Group N.V. by 6.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,884 shares of the medical device company’s stock valued at $217,000 after acquiring an additional 502 shares in the last quarter. Legal & General Group Plc raised its stake in Wright Medical Group N.V. by 1.7% during the 2nd quarter. Legal & General Group Plc now owns 36,752 shares of the medical device company’s stock valued at $1,009,000 after acquiring an additional 597 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in Wright Medical Group N.V. by 9.1% during the 2nd quarter. Prudential Financial Inc. now owns 7,678 shares of the medical device company’s stock valued at $211,000 after acquiring an additional 640 shares in the last quarter.

Wright Medical Group N.V. (NASDAQ:WMGI) traded up 1.37% during mid-day trading on Friday, hitting $25.87. The stock had a trading volume of 1,689,034 shares. Wright Medical Group N.V. has a 1-year low of $20.50 and a 1-year high of $31.53. The stock has a 50 day moving average of $28.14 and a 200-day moving average of $28.30. The firm’s market cap is $2.70 billion.

Wright Medical Group N.V. (NASDAQ:WMGI) last posted its quarterly earnings data on Wednesday, August 2nd. The medical device company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.02. Wright Medical Group N.V. had a negative return on equity of 6.22% and a negative net margin of 36.04%. The firm had revenue of $179.69 million for the quarter, compared to the consensus estimate of $178.17 million. During the same quarter in the prior year, the business earned ($0.11) EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts predict that Wright Medical Group N.V. will post ($0.29) EPS for the current fiscal year.

In other Wright Medical Group N.V. news, SVP Jennifer S. Walker sold 20,000 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $28.00, for a total transaction of $560,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 9.30% of the stock is currently owned by corporate insiders.

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Several brokerages have weighed in on WMGI. BidaskClub raised Wright Medical Group N.V. from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. 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 note on Friday, August 4th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $34.00 target price on shares of Wright Medical Group N.V. in a research note on Thursday, August 3rd. 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 note on Thursday, August 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Wright Medical Group N.V. in a research note on Friday, September 1st. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $32.25.

Wright Medical Group N.V. Profile

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.

Institutional Ownership by Quarter for Wright Medical Group N.V. (NASDAQ:WMGI)

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