Gregory Morrison Sells 92,140 Shares of Wright Medical Group N.V. (WMGI) Stock

Wright Medical Group N.V. (NASDAQ:WMGI) SVP Gregory Morrison sold 92,140 shares of Wright Medical Group N.V. stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $23.70, for a total value of $2,183,718.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Wright Medical Group N.V. (NASDAQ:WMGI) traded down $0.07 during mid-day trading on Tuesday, hitting $23.65. The stock had a trading volume of 558,400 shares, compared to its average volume of 1,043,476. Wright Medical Group N.V. has a 52-week low of $22.14 and a 52-week high of $31.53. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.31 and a quick ratio of 0.96.

Wright Medical Group N.V. (NASDAQ:WMGI) last posted its quarterly earnings results on Wednesday, November 1st. The medical device company reported ($0.16) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.16). Wright Medical Group N.V. had a negative return on equity of 6.27% and a negative net margin of 38.40%. The firm had revenue of $170.50 million during the quarter, compared to analysts’ expectations of $173.50 million. During the same quarter in the previous year, the business earned ($0.19) earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. research analysts anticipate that Wright Medical Group N.V. will post -0.27 EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of WMGI. Janus Henderson Group PLC purchased a new position in shares of Wright Medical Group N.V. in the second quarter worth $68,618,000. Capital Research Global Investors raised its stake in shares of Wright Medical Group N.V. by 60.9% in the second quarter. Capital Research Global Investors now owns 2,775,000 shares of the medical device company’s stock worth $76,285,000 after purchasing an additional 1,050,000 shares during the last quarter. FMR LLC raised its stake in shares of Wright Medical Group N.V. by 5.7% in the second quarter. FMR LLC now owns 15,644,806 shares of the medical device company’s stock worth $430,075,000 after purchasing an additional 845,909 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Wright Medical Group N.V. by 139.9% in the second quarter. Renaissance Technologies LLC now owns 1,209,407 shares of the medical device company’s stock worth $33,247,000 after purchasing an additional 705,300 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Wright Medical Group N.V. by 20.9% in the third quarter. Fisher Asset Management LLC now owns 2,890,789 shares of the medical device company’s stock worth $74,785,000 after purchasing an additional 500,583 shares during the last quarter.

A number of research analysts have issued reports on WMGI shares. Needham & Company LLC reiterated a “hold” rating on shares of Wright Medical Group N.V. in a research note on Thursday, November 2nd. BidaskClub upgraded Wright Medical Group N.V. from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. BMO Capital Markets lowered their price objective on Wright Medical Group N.V. from $34.00 to $31.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Jefferies Group LLC reiterated a “buy” rating on shares of Wright Medical Group N.V. in a research note on Friday, November 3rd. Finally, Barclays PLC lowered their price objective on Wright Medical Group N.V. from $33.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $32.22.

About Wright Medical Group N.V.

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.

Insider Buying and Selling by Quarter for Wright Medical Group N.V. (NASDAQ:WMGI)

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