Columbus Circle Investors increased its stake in shares of Wright Medical Group NV (NASDAQ:WMGI) by 65.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 928,133 shares of the medical device company’s stock after purchasing an additional 366,588 shares during the period. Columbus Circle Investors’ holdings in Wright Medical Group were worth $25,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Tygh Capital Management Inc. lifted its holdings in shares of Wright Medical Group by 29.7% during the fourth quarter. Tygh Capital Management Inc. now owns 448,806 shares of the medical device company’s stock worth $12,216,000 after purchasing an additional 102,820 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Wright Medical Group during the fourth quarter worth $207,000. Chicago Equity Partners LLC acquired a new stake in shares of Wright Medical Group during the fourth quarter worth $1,738,000. Janney Montgomery Scott LLC acquired a new stake in shares of Wright Medical Group during the fourth quarter worth $461,000. Finally, First Mercantile Trust Co. lifted its holdings in shares of Wright Medical Group by 217.8% during the fourth quarter. First Mercantile Trust Co. now owns 16,177 shares of the medical device company’s stock worth $441,000 after purchasing an additional 11,087 shares during the period.
In other news, Director Kevin C. Oboyle sold 32,723 shares of the firm’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $30.06, for a total value of $983,653.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elizabeth H. Weatherman sold 15,949 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $28.63, for a total value of $456,619.87. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,672 shares of company stock valued at $1,688,853. Company insiders own 4.00% of the company’s stock.
Shares of WMGI stock opened at $30.98 on Wednesday. Wright Medical Group NV has a fifty-two week low of $19.01 and a fifty-two week high of $31.00. The firm has a market capitalization of $3.80 billion, a PE ratio of -140.82, a PEG ratio of 12.13 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.24 and a quick ratio of 1.07.
About Wright Medical Group
Wright Medical Group NV operates as a global medical device company, which engages in the design, manufacture, and distribution of biologic products. It provides surgical solutions for the foot and ankle market and its products include large joint implants for the hip and knee, extremity implants for the shoulder, elbow, hand, wrist and foot and biologic products, including bone graft substitutes.
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