California State Teachers Retirement System Has $4.33 Million Stake in Wright Medical Group Inc (WMGI)

California State Teachers Retirement System decreased its position in Wright Medical Group Inc (NASDAQ:WMGI) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,456 shares of the medical device company’s stock after selling 17,778 shares during the period. California State Teachers Retirement System owned 0.16% of Wright Medical Group worth $4,332,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Wright Medical Group by 5.7% in the 2nd quarter. FMR LLC now owns 15,644,806 shares of the medical device company’s stock worth $430,075,000 after acquiring an additional 845,909 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Wright Medical Group by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 8,232,880 shares of the medical device company’s stock worth $226,321,000 after acquiring an additional 145,930 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Wright Medical Group by 20.9% in the 3rd quarter. Fisher Asset Management LLC now owns 2,890,789 shares of the medical device company’s stock worth $74,785,000 after acquiring an additional 500,583 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Wright Medical Group by 60.9% in the 2nd quarter. Capital Research Global Investors now owns 2,775,000 shares of the medical device company’s stock worth $76,285,000 after acquiring an additional 1,050,000 shares during the last quarter. Finally, Palo Alto Investors LLC lifted its holdings in shares of Wright Medical Group by 1.8% in the 2nd quarter. Palo Alto Investors LLC now owns 2,676,393 shares of the medical device company’s stock worth $73,574,000 after acquiring an additional 48,200 shares during the last quarter.

In other news, Director Richard F. Wallman acquired 4,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were bought at an average cost of $24.00 per share, with a total value of $96,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Gregory Morrison sold 92,140 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $23.70, for a total transaction of $2,183,718.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,440 shares of company stock worth $2,191,103. 9.30% of the stock is owned by company insiders.

Shares of Wright Medical Group Inc (NASDAQ:WMGI) opened at $23.95 on Friday. The stock has a market cap of $1,230.00, a P/E ratio of -5.05, a price-to-earnings-growth ratio of 115.25 and a beta of 0.60. Wright Medical Group Inc has a fifty-two week low of $22.00 and a fifty-two week high of $31.53. 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 (NASDAQ:WMGI) last released its earnings results on Wednesday, November 1st. The medical device company reported ($0.16) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.16). The company had revenue of $170.50 million for the quarter, compared to analyst estimates of $173.50 million. Wright Medical Group had a negative net margin of 38.40% and a negative return on equity of 6.27%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.19) EPS. equities analysts predict that Wright Medical Group Inc will post -0.27 earnings per share for the current year.

Several brokerages have recently commented on WMGI. Robert W. Baird restated a “buy” rating and issued a $33.00 price objective on shares of Wright Medical Group in a report on Friday, October 6th. Jefferies Group restated a “buy” rating and issued a $33.00 price objective on shares of Wright Medical Group in a report on Thursday, October 12th. Royal Bank of Canada restated a “buy” rating and issued a $31.00 price objective on shares of Wright Medical Group in a report on Tuesday, October 3rd. Barclays decreased their price objective on shares of Wright Medical Group from $33.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Finally, BMO Capital Markets decreased their price objective on shares of Wright Medical Group from $34.00 to $31.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.22.

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About Wright Medical Group

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 (NASDAQ:WMGI)

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