Wright Medical Group Inc (NASDAQ:WMGI) saw some unusual options trading activity on Tuesday. Stock traders acquired 910 put options on the company. This represents an increase of 838% compared to the typical volume of 97 put options.

Large investors have recently made changes to their positions in the stock. Prudential Financial Inc. increased its stake in Wright Medical Group by 9.1% in the second 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 during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Wright Medical Group by 15.2% during the second quarter. PNC Financial Services Group Inc. now owns 12,424 shares of the medical device company’s stock worth $342,000 after buying an additional 1,636 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Wright Medical Group during the third quarter worth $370,000. Landscape Capital Management L.L.C. bought a new stake in shares of Wright Medical Group during the fourth quarter worth $376,000. Finally, Stevens Capital Management LP grew its stake in shares of Wright Medical Group by 25.5% during the third quarter. Stevens Capital Management LP now owns 15,298 shares of the medical device company’s stock worth $396,000 after buying an additional 3,112 shares during the last quarter.

A number of equities research analysts have recently weighed in on WMGI shares. BidaskClub downgraded shares of Wright Medical Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Jefferies Group reiterated a “buy” rating on shares of Wright Medical Group in a research report on Friday, November 3rd. TheStreet downgraded shares of Wright Medical Group from a “c-” rating to a “d+” rating in a research report on Wednesday, December 27th. ValuEngine downgraded shares of Wright Medical Group from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $30.00 price target on shares of Wright Medical Group in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $31.89.

Shares of Wright Medical Group (WMGI) traded up $0.64 during trading hours on Wednesday, reaching $20.51. 1,888,328 shares of the company were exchanged, compared to its average volume of 1,152,756. The company has a market capitalization of $2,117.77, a PE ratio of -7.50, a price-to-earnings-growth ratio of 153.42 and a beta of 0.60. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.31 and a quick ratio of 0.96. Wright Medical Group has a fifty-two week low of $19.04 and a fifty-two week high of $31.53.

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Wright Medical Group Company 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.

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