Wright Medical Group N.V. (WMGI) Holdings Trimmed by California State Teachers Retirement System

California State Teachers Retirement System trimmed its holdings in Wright Medical Group N.V. (NASDAQ:WMGI) by 8.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 185,234 shares of the medical device company’s stock after selling 18,039 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of Wright Medical Group N.V. worth $5,092,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Amalgamated Bank boosted its stake in Wright Medical Group N.V. by 2.0% in the 2nd quarter. Amalgamated Bank now owns 13,229 shares of the medical device company’s stock worth $364,000 after purchasing an additional 264 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Wright Medical Group N.V. by 11.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,797 shares of the medical device company’s stock worth $104,000 after purchasing an additional 396 shares during the period. Teacher Retirement System of Texas boosted its stake in Wright Medical Group N.V. by 6.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 7,884 shares of the medical device company’s stock worth $217,000 after purchasing an additional 502 shares during the period. Legal & General Group Plc boosted its stake in Wright Medical Group N.V. by 1.7% in the 2nd quarter. Legal & General Group Plc now owns 36,752 shares of the medical device company’s stock worth $1,009,000 after purchasing an additional 597 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Wright Medical Group N.V. by 9.1% in the 2nd quarter. Prudential Financial Inc. now owns 7,678 shares of the medical device company’s stock worth $211,000 after purchasing an additional 640 shares during the period.

Shares of Wright Medical Group N.V. (WMGI) opened at 26.21 on Wednesday. Wright Medical Group N.V. has a one year low of $20.50 and a one year high of $31.53. The stock’s market capitalization is $2.74 billion. The stock’s 50 day moving average price is $26.38 and its 200 day moving average price is $27.50.

Wright Medical Group N.V. (NASDAQ:WMGI) last issued its quarterly earnings results on Wednesday, August 2nd. The medical device company reported ($0.07) earnings per share (EPS) for the quarter, topping 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%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) earnings per share. Equities research analysts predict that Wright Medical Group N.V. will post ($0.30) EPS for the current fiscal year.

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Several research analysts have weighed in on the company. Jefferies Group LLC restated a “buy” rating and issued a $33.00 price target on shares of Wright Medical Group N.V. in a research note on Friday, August 4th. BidaskClub upgraded Wright Medical Group N.V. from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Piper Jaffray Companies restated a “buy” rating and issued a $34.00 price target on shares of Wright Medical Group N.V. in a research note on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $30.00 price target on Wright Medical Group N.V. and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $31.00 price target on shares of Wright Medical Group N.V. in a research note on Tuesday, October 3rd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Wright Medical Group N.V. presently has an average rating of “Buy” and an average price target of $32.20.

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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