Janus Henderson Group PLC Takes $68.62 Million Position in Wright Medical Group N.V. (WMGI)

Janus Henderson Group PLC purchased a new position in shares of Wright Medical Group N.V. (NASDAQ:WMGI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,496,090 shares of the medical device company’s stock, valued at approximately $68,618,000. Janus Henderson Group PLC owned 2.39% of Wright Medical Group N.V. as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Palo Alto Investors LLC raised its stake in Wright Medical Group N.V. by 0.9% during the first quarter. Palo Alto Investors LLC now owns 2,628,193 shares of the medical device company’s stock worth $81,789,000 after purchasing an additional 23,600 shares during the period. Victory Capital Management Inc. raised its stake in Wright Medical Group N.V. by 30.6% during the second quarter. Victory Capital Management Inc. now owns 1,039,308 shares of the medical device company’s stock worth $28,571,000 after purchasing an additional 243,630 shares during the period. Blue Jay Capital Management LLC raised its stake in Wright Medical Group N.V. by 4.7% during the second quarter. Blue Jay Capital Management LLC now owns 320,420 shares of the medical device company’s stock worth $8,808,000 after purchasing an additional 14,255 shares during the period. Westfield Capital Management Co. LP raised its stake in Wright Medical Group N.V. by 13.8% during the second quarter. Westfield Capital Management Co. LP now owns 2,425,566 shares of the medical device company’s stock worth $66,679,000 after purchasing an additional 293,687 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Wright Medical Group N.V. by 10.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 432,050 shares of the medical device company’s stock worth $13,446,000 after purchasing an additional 40,642 shares during the period.

Shares of Wright Medical Group N.V. (NASDAQ:WMGI) opened at 26.25 on Friday. Wright Medical Group N.V. has a 52-week low of $20.50 and a 52-week high of $31.53. The stock has a 50 day moving average of $27.29 and a 200 day moving average of $27.93. The firm’s market cap is $2.74 billion.

Wright Medical Group N.V. (NASDAQ:WMGI) last posted its earnings results on Wednesday, August 2nd. The medical device company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.02. The firm had revenue of $179.69 million during the quarter, compared to analysts’ expectations of $178.17 million. Wright Medical Group N.V. had a negative net margin of 36.04% and a negative return on equity of 6.22%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.11) earnings per share. Equities analysts predict that Wright Medical Group N.V. will post ($0.29) EPS for the current fiscal year.

In other Wright Medical Group N.V. news, SVP Jennifer S. Walker sold 20,000 shares of Wright Medical Group N.V. stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $28.00, for a total value of $560,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.30% of the stock is owned by insiders.

A number of equities analysts have weighed in on WMGI shares. Oppenheimer Holdings, Inc. set a $30.00 price target on shares of Wright Medical Group N.V. and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Cantor Fitzgerald started coverage on shares of Wright Medical Group N.V. in a research note on Thursday, June 29th. They set an “overweight” rating and a $33.00 price target on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $33.00 price target on shares of Wright Medical Group N.V. in a research note on Thursday. BidaskClub downgraded shares of Wright Medical Group N.V. from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $31.00 price target on shares of Wright Medical Group N.V. in a research note on Tuesday, October 3rd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Wright Medical Group N.V. presently has a consensus rating of “Buy” and an average price target of $32.20.

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Wright Medical Group N.V. Company 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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