The Manufacturers Life Insurance Company Raises Holdings in Wright Medical Group N.V. (WMGI)

The Manufacturers Life Insurance Company boosted its position in Wright Medical Group N.V. (NASDAQ:WMGI) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,310 shares of the medical device company’s stock after buying an additional 701 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of Wright Medical Group N.V. worth $2,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

ILLEGAL ACTIVITY NOTICE: “The Manufacturers Life Insurance Company Raises Holdings in Wright Medical Group N.V. (WMGI)” was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.com-unik.info/2017/11/06/the-manufacturers-life-insurance-company-raises-holdings-in-wright-medical-group-n-v-wmgi.html.

Wright Medical Group N.V. (WMGI) opened at $24.56 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.96 and a debt-to-equity ratio of 1.52. Wright Medical Group N.V. has a 12 month low of $20.69 and a 12 month high of $31.53.

Wright Medical Group N.V. (NASDAQ:WMGI) last issued its earnings results on Wednesday, November 1st. The medical device company reported ($0.16) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.16). The company had revenue of $170.50 million for the quarter, compared to the consensus estimate of $173.50 million. Wright Medical Group N.V. had a negative return on equity of 6.27% and a negative net margin of 38.40%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.19) EPS. analysts predict that Wright Medical Group N.V. will post -0.28 EPS for the current year.

WMGI has been the subject of a number of recent analyst reports. Robert W. Baird restated a “buy” rating and set a $33.00 target price on shares of Wright Medical Group N.V. in a report on Friday, October 6th. Needham & Company LLC restated a “hold” rating on shares of Wright Medical Group N.V. in a report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $33.00 price objective on shares of Wright Medical Group N.V. in a report on Thursday, October 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $31.00 price objective on shares of Wright Medical Group N.V. in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $34.00 price objective on shares of Wright Medical Group N.V. in a report on Thursday, August 3rd. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $32.22.

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.

Want to see what other hedge funds are holding WMGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wright Medical Group N.V. (NASDAQ:WMGI).

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

What are top analysts saying about Wright Medical Group N.V.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Wright Medical Group N.V. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit