Columbia Partners L L C Investment Management bought a new stake in shares of K2M Group Holdings, Inc. (NASDAQ:KTWO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 90,622 shares of the medical device company’s stock, valued at approximately $2,207,000. Columbia Partners L L C Investment Management owned approximately 0.21% of K2M Group Holdings at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. TimesSquare Capital Management LLC lifted its holdings in shares of K2M Group Holdings by 31.5% during the 2nd quarter. TimesSquare Capital Management LLC now owns 2,888,020 shares of the medical device company’s stock valued at $70,352,000 after buying an additional 691,000 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of K2M Group Holdings by 3,357.5% during the 1st quarter. Citadel Advisors LLC now owns 628,808 shares of the medical device company’s stock valued at $12,897,000 after buying an additional 610,621 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of K2M Group Holdings by 54.3% during the 1st quarter. JPMorgan Chase & Co. now owns 1,409,360 shares of the medical device company’s stock valued at $28,906,000 after buying an additional 495,749 shares during the last quarter. Next Century Growth Investors LLC lifted its holdings in shares of K2M Group Holdings by 134.8% during the 1st quarter. Next Century Growth Investors LLC now owns 553,654 shares of the medical device company’s stock valued at $11,355,000 after buying an additional 317,878 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of K2M Group Holdings by 114.0% during the 1st quarter. Point72 Asset Management L.P. now owns 555,500 shares of the medical device company’s stock valued at $11,393,000 after buying an additional 295,900 shares during the last quarter. 97.86% of the stock is currently owned by institutional investors.

In related news, CFO Gregory S. Cole sold 39,357 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $23.37, for a total transaction of $919,773.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Philip Md Kostuik sold 1,090 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $24.08, for a total value of $26,247.20. Following the transaction, the insider now owns 201,961 shares of the company’s stock, valued at $4,863,220.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,085 shares of company stock valued at $1,056,903. 5.80% of the stock is owned by corporate insiders.

Shares of K2M Group Holdings, Inc. (NASDAQ KTWO) traded down 1.34% during midday trading on Tuesday, hitting $20.56. The stock had a trading volume of 33,788 shares. The company’s market capitalization is $889.59 million. The firm’s 50-day moving average is $23.06 and its 200 day moving average is $22.38. K2M Group Holdings, Inc. has a one year low of $16.32 and a one year high of $25.99.

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

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Several equities research analysts have recently issued reports on KTWO shares. Zacks Investment Research upgraded K2M Group Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. 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. BidaskClub upgraded K2M Group Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Needham & Company LLC reiterated a “buy” rating on shares of K2M Group Holdings in a report 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 report on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $27.14.

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)

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