Wright Medical Group NV (WMGI) Holdings Cut by Keeley Teton Advisors LLC

Share on StockTwits

Keeley Teton Advisors LLC trimmed its stake in shares of Wright Medical Group NV (NASDAQ:WMGI) by 16.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 431,274 shares of the medical device company’s stock after selling 85,910 shares during the period. Wright Medical Group accounts for 1.2% of Keeley Teton Advisors LLC’s holdings, making the stock its 26th biggest position. Keeley Teton Advisors LLC owned about 0.34% of Wright Medical Group worth $11,739,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new position in Wright Medical Group during the fourth quarter valued at $30,000. Exane Derivatives purchased a new position in Wright Medical Group during the fourth quarter valued at $42,000. First Quadrant L P CA purchased a new position in Wright Medical Group during the fourth quarter valued at $72,000. IFP Advisors Inc purchased a new position in Wright Medical Group during the fourth quarter valued at $75,000. Finally, Lindbrook Capital LLC purchased a new position in Wright Medical Group during the fourth quarter valued at $84,000.

In related news, Director Kevin C. Oboyle sold 32,723 shares of the firm’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $30.06, for a total transaction of $983,653.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard F. Wallman acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 10th. The shares were purchased at an average price of $26.83 per share, with a total value of $536,600.00. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by company insiders.

WMGI has been the subject of a number of recent research reports. BidaskClub upgraded shares of Wright Medical Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 13th. UBS Group initiated coverage on shares of Wright Medical Group in a research report on Wednesday, November 28th. They issued a “neutral” rating and a $31.00 target price for the company. Robert W. Baird increased their target price on shares of Wright Medical Group from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, November 8th. Needham & Company LLC increased their target price on shares of Wright Medical Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, October 25th. Finally, Piper Jaffray Companies increased their target price on shares of Wright Medical Group to $35.00 and gave the company an “overweight” rating in a research report on Thursday, November 8th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $32.64.

Shares of NASDAQ WMGI opened at $31.53 on Wednesday. The stock has a market capitalization of $3.99 billion, a PE ratio of -143.32, a price-to-earnings-growth ratio of 12.74 and a beta of 1.03. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 0.61. Wright Medical Group NV has a 52 week low of $19.01 and a 52 week high of $32.05.

ILLEGAL ACTIVITY WARNING: This report was first posted by Zolmax and is the property of of Zolmax. If you are accessing this report on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this report can be accessed at https://zolmax.com/investing/wright-medical-group-nv-wmgi-holdings-cut-by-keeley-teton-advisors-llc/2914499.html.

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.

Read More: How to Calculate Compound Annual Growth Rate (CAGR)

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 NV (NASDAQ:WMGI).

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

Receive News & Ratings for Wright Medical Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wright Medical Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Mortgage Advice Bureau  PLC  Increases Dividend to GBX 12.70 Per Share
Mortgage Advice Bureau PLC Increases Dividend to GBX 12.70 Per Share
Kibo Energy  Stock Price Down 9.1%
Kibo Energy Stock Price Down 9.1%
Ecoreal Estate  Price Hits $0.12 on Major Exchanges
Ecoreal Estate Price Hits $0.12 on Major Exchanges
DAOstack  Trading Down 6.9% This Week
DAOstack Trading Down 6.9% This Week
Welltrado Reaches One Day Volume of $6,675.00
Welltrado Reaches One Day Volume of $6,675.00
Blue Capital Reinsurance  Upgraded to “Buy” by Zacks Investment Research
Blue Capital Reinsurance Upgraded to “Buy” by Zacks Investment Research


Leave a Reply

 
© 2006-2019 Zolmax.