Vertex One Asset Management Inc. Buys New Position in K2M Group Holdings Inc (KTWO)

Vertex One Asset Management Inc. bought a new stake in K2M Group Holdings Inc (NASDAQ:KTWO) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 83,187 shares of the medical device company’s stock, valued at approximately $2,277,000. Vertex One Asset Management Inc. owned 0.19% of K2M Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAM Holding AG purchased a new stake in shares of K2M Group in the third quarter valued at about $4,672,000. Allianz Asset Management GmbH purchased a new stake in shares of K2M Group in the third quarter valued at about $3,981,000. Ancora Advisors LLC purchased a new stake in shares of K2M Group in the third quarter valued at about $411,000. Dimensional Fund Advisors LP grew its holdings in shares of K2M Group by 534.2% in the third quarter. Dimensional Fund Advisors LP now owns 143,251 shares of the medical device company’s stock valued at $3,920,000 after purchasing an additional 120,663 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of K2M Group in the third quarter valued at about $684,000.

KTWO stock remained flat at $$27.50 during mid-day trading on Monday. The company has a quick ratio of 1.79, a current ratio of 3.10 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $1.20 billion, a P/E ratio of -31.61 and a beta of 1.43. K2M Group Holdings Inc has a 1 year low of $16.44 and a 1 year high of $27.50.

K2M Group (NASDAQ:KTWO) last announced its earnings results on Thursday, November 8th. The medical device company reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.12). K2M Group had a negative return on equity of 19.69% and a negative net margin of 16.66%. As a group, analysts expect that K2M Group Holdings Inc will post -0.77 EPS for the current year.

A number of equities research analysts recently issued reports on the stock. BidaskClub raised shares of K2M Group from a “hold” rating to a “buy” rating in a report on Saturday, August 25th. ValuEngine raised shares of K2M Group from a “buy” rating to a “strong-buy” rating in a report on Monday, October 8th. Royal Bank of Canada lowered shares of K2M Group from an “outperform” rating to a “sector perform” rating in a report on Monday, September 24th. Cantor Fitzgerald reissued a “buy” rating and issued a $28.00 price objective on shares of K2M Group in a report on Thursday, August 30th. Finally, Needham & Company LLC lowered shares of K2M Group from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. K2M Group currently has an average rating of “Hold” and a consensus target price of $26.17.

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About K2M Group

K2M Group Holdings, Inc, a medical device company, provides spine and minimally invasive solutions in the United States and internationally. The company offers implants, disposables, and instruments primarily to hospitals for use by spine surgeons to treat spinal pathologies, such as deformity, trauma, and tumor.

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

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