Russell Investments Group Ltd. decreased its stake in shares of K2M Group Holdings, Inc. (NASDAQ:KTWO) by 41.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,666 shares of the medical device company’s stock after selling 95,599 shares during the period. Russell Investments Group Ltd. owned about 0.31% of K2M Group Holdings worth $3,232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. 1st Global Advisors Inc. increased its position in shares of K2M Group Holdings by 2.9% in the first quarter. 1st Global Advisors Inc. now owns 13,101 shares of the medical device company’s stock valued at $269,000 after buying an additional 369 shares during the period. Paradigm Capital Management Inc. NY bought a new position in shares of K2M Group Holdings during the first quarter valued at about $226,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of K2M Group Holdings during the first quarter valued at about $1,470,000. Trexquant Investment LP bought a new position in shares of K2M Group Holdings during the first quarter valued at about $250,000. Finally, Parkwood LLC bought a new position in shares of K2M Group Holdings during the first quarter valued at about $223,000. Institutional investors and hedge funds own 97.77% of the company’s stock.

K2M Group Holdings, Inc. (NASDAQ KTWO) traded up 0.50% during mid-day trading on Tuesday, reaching $23.32. The company had a trading volume of 86,382 shares. K2M Group Holdings, Inc. has a 12-month low of $15.60 and a 12-month high of $25.99. The firm has a 50-day moving average price of $23.93 and a 200 day moving average price of $22.12. The firm’s market capitalization is $1.01 billion.

K2M Group Holdings (NASDAQ:KTWO) last posted its quarterly earnings results on Tuesday, August 1st. The medical device company reported ($0.21) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.01. The company had revenue of $65.70 million for the quarter, compared to the consensus estimate of $66.26 million. K2M Group Holdings had a negative net margin of 16.21% and a negative return on equity of 15.45%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.27) EPS. Analysts expect that K2M Group Holdings, Inc. will post ($0.78) EPS for the current year.

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Several brokerages have recently issued reports on KTWO. Royal Bank Of Canada reiterated a “buy” rating and set a $26.00 price target on shares of K2M Group Holdings in a report on Thursday, July 20th. BidaskClub upgraded shares of K2M Group Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Cowen and Company reiterated a “buy” rating and set a $26.00 price target on shares of K2M Group Holdings in a report on Wednesday, July 19th. JMP Securities reiterated an “outperform” rating and set a $30.00 price target (up from $27.00) on shares of K2M Group Holdings in a report on Wednesday, June 28th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of K2M Group Holdings in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $26.50.

In other K2M Group Holdings news, CFO Gregory S. Cole sold 2,350 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $24.08, for a total transaction of $56,588.00. Following the transaction, the chief financial officer now owns 55,158 shares of the company’s stock, valued at approximately $1,328,204.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Philip Md Kostuik sold 1,090 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $24.08, for a total transaction of $26,247.20. Following the transaction, the insider now directly owns 201,961 shares in the company, valued at approximately $4,863,220.88. The disclosure for this sale can be found here. Insiders have sold a total of 88,032 shares of company stock worth $2,036,095 in the last three months. Insiders own 5.80% of the company’s stock.

K2M Group Holdings Company 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)

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