TIAA CREF Investment Management LLC Sells 8,660 Shares of Wright Medical Group N.V. (WMGI)

TIAA CREF Investment Management LLC decreased its stake in Wright Medical Group N.V. (NASDAQ:WMGI) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 283,141 shares of the medical device company’s stock after selling 8,660 shares during the period. TIAA CREF Investment Management LLC owned 0.27% of Wright Medical Group N.V. worth $7,784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of WMGI. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 buying an additional 396 shares during the period. First Mercantile Trust Co. increased its stake in shares of Wright Medical Group N.V. by 21.7% in the second quarter. First Mercantile Trust Co. now owns 4,380 shares of the medical device company’s stock valued at $120,000 after buying an additional 780 shares during the period. Fortaleza Asset Management Inc. acquired a new stake in shares of Wright Medical Group N.V. in the second quarter valued at about $148,000. US Bancorp DE increased its stake in shares of Wright Medical Group N.V. by 41.3% in the second quarter. US Bancorp DE now owns 5,624 shares of the medical device company’s stock valued at $155,000 after buying an additional 1,644 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of 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 buying an additional 640 shares during the period.

WMGI has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on Wright Medical Group N.V. in a research note on Thursday, June 29th. They issued an “overweight” rating and a $33.00 price target for the company. Oppenheimer Holdings, Inc. set a $30.00 price target on Wright Medical Group N.V. and gave the company a “hold” rating in a research note on Thursday, August 3rd. Piper Jaffray Companies reissued a “buy” rating and issued a $34.00 price target on shares of Wright Medical Group N.V. in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $33.00 price target on shares of Wright Medical Group N.V. in a research note on Friday, August 4th. Finally, BidaskClub cut Wright Medical Group N.V. from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $32.20.

Shares of Wright Medical Group N.V. (NASDAQ WMGI) opened at 26.18 on Wednesday. The company’s 50-day moving average price is $27.42 and its 200 day moving average price is $27.95. Wright Medical Group N.V. has a 1-year low of $20.50 and a 1-year high of $31.53. The firm’s market cap is $2.73 billion.

Wright Medical Group N.V. (NASDAQ:WMGI) last released its quarterly earnings results on Wednesday, August 2nd. The medical device company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The business had revenue of $179.69 million during the quarter, compared to analyst estimates of $178.17 million. Wright Medical Group N.V. had a negative return on equity of 6.22% and a negative net margin of 36.04%. Wright Medical Group N.V.’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.11) EPS. On average, analysts predict that Wright Medical Group N.V. will post ($0.29) EPS for the current year.

In other Wright Medical Group N.V. news, SVP Jennifer S. Walker sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $28.00, for a total transaction of $560,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

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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.

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

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