Nicholas Company Inc. lessened its holdings in shares of K2M Group Holdings, Inc. (NASDAQ:KTWO) by 0.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 253,475 shares of the medical device company’s stock after selling 390 shares during the period. Nicholas Company Inc. owned 0.59% of K2M Group Holdings worth $6,174,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its stake in shares of K2M Group Holdings by 5,175.3% during the second quarter. BNP Paribas Arbitrage SA now owns 4,484 shares of the medical device company’s stock valued at $109,000 after acquiring an additional 4,399 shares during the period. Legal & General Group Plc lifted its stake in shares of K2M Group Holdings by 9.1% during the first quarter. Legal & General Group Plc now owns 6,763 shares of the medical device company’s stock valued at $138,000 after acquiring an additional 564 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new position in shares of K2M Group Holdings during the second quarter valued at $211,000. Trexquant Investment LP acquired a new position in shares of K2M Group Holdings during the first quarter valued at $250,000. Finally, 1st Global Advisors Inc. lifted its stake in shares of K2M Group Holdings by 2.9% during the first quarter. 1st Global Advisors Inc. now owns 13,101 shares of the medical device company’s stock valued at $269,000 after acquiring an additional 369 shares during the period. Institutional investors own 97.77% of the company’s stock.

K2M Group Holdings, Inc. (NASDAQ:KTWO) opened at 20.66 on Friday. The firm’s market cap is $893.92 million. The firm has a 50-day moving average price of $23.15 and a 200 day moving average price of $22.35. K2M Group Holdings, Inc. has a 1-year low of $16.32 and a 1-year high of $25.99.

K2M Group Holdings (NASDAQ:KTWO) last released its quarterly earnings results on Tuesday, August 1st. The medical device company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.01. K2M Group Holdings had a negative return on equity of 15.45% and a negative net margin of 16.21%. The firm had revenue of $65.70 million for the quarter, compared to analyst estimates of $66.26 million. During the same quarter in the previous year, the company posted ($0.27) EPS. The business’s revenue was up 11.0% on a year-over-year basis. Equities analysts predict that K2M Group Holdings, Inc. will post ($0.78) earnings per share for the current year.

Several equities analysts have recently issued reports on KTWO shares. Zacks Investment Research raised K2M Group Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. JMP Securities reaffirmed an “outperform” rating and set a $30.00 price target (up previously from $27.00) on shares of K2M Group Holdings in a research note on Wednesday, June 28th. BidaskClub raised K2M Group Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Needham & Company LLC reaffirmed a “buy” rating on shares of K2M Group Holdings in a research note on Wednesday, August 2nd. Finally, Oppenheimer Holdings, Inc. set a $29.00 price target on K2M Group Holdings and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $27.14.

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In other K2M Group Holdings news, CFO Gregory S. Cole sold 2,350 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $24.08, for a total value of $56,588.00. Following the sale, the chief financial officer now owns 55,158 shares in the company, valued at approximately $1,328,204.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Philip Md Kostuik sold 1,090 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $24.08, for a total value of $26,247.20. Following the completion of the sale, the insider now owns 201,961 shares in the company, valued at approximately $4,863,220.88. The disclosure for this sale can be found here. Insiders sold a total of 45,085 shares of company stock worth $1,056,903 in the last quarter. Corporate 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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