Caxton Associates LP acquired a new stake in shares of Wright Medical Group N.V. (NASDAQ:WMGI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,400 shares of the medical device company’s stock, valued at approximately $396,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Wright Medical Group N.V. by 11.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,797 shares of the medical device company’s stock valued at $104,000 after purchasing an additional 396 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in shares of Wright Medical Group N.V. by 21.7% during the 2nd quarter. First Mercantile Trust Co. now owns 4,380 shares of the medical device company’s stock valued at $120,000 after purchasing an additional 780 shares during the last quarter. Fortaleza Asset Management Inc. bought a new position in shares of Wright Medical Group N.V. during the 2nd quarter valued at about $148,000. US Bancorp DE boosted its holdings in shares of Wright Medical Group N.V. by 41.3% during the 2nd quarter. US Bancorp DE now owns 5,624 shares of the medical device company’s stock valued at $155,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Wright Medical Group N.V. by 9.1% during the 2nd quarter. Prudential Financial Inc. now owns 7,678 shares of the medical device company’s stock valued at $211,000 after purchasing an additional 640 shares during the last quarter.

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Several research analysts have commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of Wright Medical Group N.V. in a report on Friday, September 1st. Robert W. Baird reissued a “buy” rating and set a $33.00 price objective on shares of Wright Medical Group N.V. in a report on Friday, October 6th. BidaskClub downgraded shares of Wright Medical Group N.V. from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Jefferies Group LLC reissued a “buy” rating and set a $33.00 price objective on shares of Wright Medical Group N.V. in a report on Friday, August 4th. Finally, Cantor Fitzgerald assumed coverage on shares of Wright Medical Group N.V. in a report on Thursday, June 29th. They set an “overweight” rating and a $33.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $32.20.

Wright Medical Group N.V. (NASDAQ:WMGI) last posted its quarterly earnings results on Wednesday, August 2nd. The medical device company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The firm had revenue of $179.69 million for the quarter, compared to analyst estimates 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%. Wright Medical Group N.V.’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) earnings per share.

In related news, SVP Jennifer S. Walker sold 20,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $28.00, for a total transaction of $560,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 9.30% of the company’s stock.

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.

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Institutional Ownership by Quarter for Wright Medical Group N.V. (NASDAQ:WMGI)

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