K2M Group Holdings, Inc. (KTWO) Shares Bought by Legal & General Group Plc

Legal & General Group Plc boosted its position in shares of K2M Group Holdings, Inc. (NASDAQ:KTWO) by 41.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,561 shares of the medical device company’s stock after purchasing an additional 2,798 shares during the period. Legal & General Group Plc’s holdings in K2M Group Holdings were worth $232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American International Group Inc. grew its position in K2M Group Holdings by 7.1% during the 1st quarter. American International Group Inc. now owns 15,847 shares of the medical device company’s stock worth $325,000 after purchasing an additional 1,047 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in K2M Group Holdings during the 2nd quarter worth approximately $415,000. Denver Investment Advisors LLC grew its position in K2M Group Holdings by 6.7% during the 2nd quarter. Denver Investment Advisors LLC now owns 24,235 shares of the medical device company’s stock worth $590,000 after purchasing an additional 1,530 shares in the last quarter. Bank of America Corp DE grew its position in K2M Group Holdings by 38.3% during the 1st quarter. Bank of America Corp DE now owns 25,381 shares of the medical device company’s stock worth $521,000 after purchasing an additional 7,023 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its position in K2M Group Holdings by 50.3% during the 1st quarter. Tudor Investment Corp ET AL now owns 31,420 shares of the medical device company’s stock worth $644,000 after purchasing an additional 10,519 shares in the last quarter. Hedge funds and other institutional investors own 97.86% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://sportsperspectives.com/2017/10/12/k2m-group-holdings-inc-ktwo-shares-bought-by-legal-general-group-plc.html.

Several equities analysts have weighed in on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $26.00 price objective on shares of K2M Group Holdings in a research report on Thursday, July 20th. BidaskClub upgraded shares of K2M Group Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Cowen and Company reiterated a “buy” rating and set a $26.00 price objective on shares of K2M Group Holdings in a research report on Wednesday, July 19th. JMP Securities reiterated an “outperform” rating and set a $30.00 price objective (up from $27.00) on shares of K2M Group Holdings in a research report on Wednesday, June 28th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of K2M Group Holdings in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $25.60.

K2M Group Holdings, Inc. (NASDAQ:KTWO) opened at 18.76 on Thursday. The stock’s 50 day moving average is $21.81 and its 200 day moving average is $22.50. The stock’s market capitalization is $811.71 million. K2M Group Holdings, Inc. has a 12-month low of $16.32 and a 12-month high of $25.99.

K2M Group Holdings (NASDAQ:KTWO) last issued its quarterly earnings data on Tuesday, August 1st. The medical device company reported ($0.21) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.01. K2M Group Holdings had a negative net margin of 16.21% and a negative return on equity of 15.45%. The company had revenue of $65.70 million during the quarter, compared to the consensus estimate of $66.26 million. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. Analysts forecast that K2M Group Holdings, Inc. will post ($0.82) EPS for the current year.

In related news, CFO Gregory S. Cole sold 2,350 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $24.08, for a total value of $56,588.00. Following the completion of the transaction, the chief financial officer now owns 55,158 shares of the company’s stock, valued at $1,328,204.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John Philip Md Kostuik sold 1,090 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $24.08, for a total transaction of $26,247.20. Following the completion of the transaction, the insider now directly owns 201,961 shares of the company’s stock, valued at approximately $4,863,220.88. The disclosure for this sale can be found here. Insiders have sold 44,129 shares of company stock valued at $1,033,644 in the last three months. 5.80% of the stock is owned by insiders.

K2M Group Holdings Profile

K2M Group Holdings, Inc is a medical device company focused on designing, developing and commercializing spine and minimally invasive technologies and techniques. The Company’s solutions are focused on achieving three-dimensional Total Body Balance. Its spine products are used by spine surgeons to treat spinal pathologies, such as deformity (primarily scoliosis), trauma and tumor.

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

Receive News & Ratings for K2M Group Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K2M Group Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply