K2M Group Holdings, Inc. (KTWO) Stake Maintained by Swiss National Bank

Swiss National Bank maintained its stake in shares of K2M Group Holdings, Inc. (NASDAQ:KTWO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,700 shares of the medical device company’s stock at the close of the second quarter. Swiss National Bank owned 0.13% of K2M Group Holdings worth $1,357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of K2M Group Holdings by 10.4% during the first quarter. Wellington Management Group LLP now owns 1,875,913 shares of the medical device company’s stock worth $38,475,000 after purchasing an additional 175,998 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of K2M Group Holdings by 13.8% during the first quarter. Vanguard Group Inc. now owns 1,379,090 shares of the medical device company’s stock worth $28,285,000 after purchasing an additional 167,036 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of K2M Group Holdings by 3,357.5% during the first quarter. Citadel Advisors LLC now owns 628,808 shares of the medical device company’s stock worth $12,897,000 after purchasing an additional 610,621 shares during the last quarter. Point72 Asset Management L.P. lifted its position in shares of K2M Group Holdings by 114.0% during the first quarter. Point72 Asset Management L.P. now owns 555,500 shares of the medical device company’s stock worth $11,393,000 after purchasing an additional 295,900 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its position in shares of K2M Group Holdings by 110.8% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 530,000 shares of the medical device company’s stock worth $10,870,000 after purchasing an additional 278,562 shares during the last quarter. 97.86% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider John Philip Md Kostuik sold 1,090 shares of K2M Group Holdings stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $24.08, for a total transaction of $26,247.20. Following the sale, the insider now directly owns 201,961 shares in the company, valued at approximately $4,863,220.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Gregory S. Cole sold 39,357 shares of K2M Group Holdings stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $23.37, for a total transaction of $919,773.09. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,129 shares of company stock worth $1,033,644. 5.80% of the stock is owned by company insiders.

Shares of K2M Group Holdings, Inc. (NASDAQ:KTWO) opened at 18.76 on Thursday. The firm’s market cap is $811.71 million. The company’s 50-day moving average is $21.81 and its 200 day moving average is $22.50. K2M Group Holdings, Inc. has a 1-year low of $16.32 and a 1-year high of $25.99.

K2M Group Holdings (NASDAQ:KTWO) last issued its earnings results on Tuesday, August 1st. The medical device company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.01. K2M Group Holdings had a negative net margin of 16.21% and a negative return on equity of 15.45%. The business had revenue of $65.70 million for the quarter, compared to analyst estimates of $66.26 million. During the same period in the previous year, the business earned ($0.27) EPS. The firm’s revenue was up 11.0% on a year-over-year basis. On average, equities research analysts expect that K2M Group Holdings, Inc. will post ($0.82) EPS for the current fiscal year.

KTWO has been the topic of several research analyst reports. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $28.00 price target on shares of K2M Group Holdings in a research report on Tuesday. Oppenheimer Holdings, Inc. set a $29.00 price target on shares of K2M Group Holdings and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $26.00 price target on shares of K2M Group Holdings in a research report on Friday, September 22nd. Zacks Investment Research raised shares of K2M Group Holdings from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Wednesday, October 4th. Finally, Wells Fargo & Company reduced their price target on shares of K2M Group Holdings from $28.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $25.60.

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K2M Group Holdings Company Profile

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.

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

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