Factory Mutual Insurance Co. Has $6,611,000 Position in Wright Medical Group N.V. (WMGI)

Factory Mutual Insurance Co. held its position in shares of Wright Medical Group N.V. (NASDAQ:WMGI) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 240,500 shares of the medical device company’s stock at the end of the second quarter. Factory Mutual Insurance Co.’s holdings in Wright Medical Group N.V. were worth $6,611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Wright Medical Group N.V. by 4.4% in the first quarter. Vanguard Group Inc. now owns 8,086,950 shares of the medical device company’s stock valued at $251,666,000 after buying an additional 340,992 shares in the last quarter. Palo Alto Investors LLC boosted its position in shares of Wright Medical Group N.V. by 0.9% in the first quarter. Palo Alto Investors LLC now owns 2,628,193 shares of the medical device company’s stock valued at $81,789,000 after buying an additional 23,600 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Wright Medical Group N.V. by 13.6% in the first quarter. Ameriprise Financial Inc. now owns 1,338,115 shares of the medical device company’s stock valued at $41,642,000 after buying an additional 160,494 shares in the last quarter. Peregrine Capital Management LLC boosted its position in shares of Wright Medical Group N.V. by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 951,773 shares of the medical device company’s stock valued at $29,372,000 after buying an additional 65,257 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of Wright Medical Group N.V. by 13.5% in the first quarter. Macquarie Group Ltd. now owns 905,265 shares of the medical device company’s stock valued at $28,172,000 after buying an additional 107,926 shares in the last quarter.

Wright Medical Group N.V. (WMGI) traded down 1.63% during mid-day trading on Monday, hitting $26.58. The stock had a trading volume of 271,830 shares. The company has a 50 day moving average price of $27.05 and a 200-day moving average price of $27.24. Wright Medical Group N.V. has a one year low of $18.83 and a one year high of $31.53. The company’s market cap is $2.76 billion.

Wright Medical Group N.V. (NASDAQ:WMGI) last issued its earnings results on Wednesday, May 3rd. The medical device company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.01. Wright Medical Group N.V. had a negative net margin of 63.46% and a negative return on equity of 7.30%. The business had revenue of $177.19 million during the quarter, compared to analysts’ expectations of $182.42 million. Equities analysts expect that Wright Medical Group N.V. will post ($0.30) earnings per share for the current fiscal year.

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Several research analysts have recently weighed in on WMGI shares. Needham & Company LLC restated a “hold” rating on shares of Wright Medical Group N.V. in a report on Thursday, May 4th. Cantor Fitzgerald started coverage on shares of Wright Medical Group N.V. in a research report on Thursday, June 29th. They set an “overweight” rating and a $33.00 price target on the stock. BidaskClub lowered shares of Wright Medical Group N.V. from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Oppenheimer Holdings, Inc. set a $29.00 price target on shares of Wright Medical Group N.V. and gave the company a “hold” rating in a research report on Thursday, May 4th. Finally, Northcoast Research raised shares of Wright Medical Group N.V. from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Tuesday, March 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $29.36.

In other news, SVP Jennifer S. Walker sold 10,000 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $26.77, for a total value of $267,700.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lance A. Berry sold 6,685 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $27.14, for a total transaction of $181,430.90. The disclosure for this sale can be found here. In the last three months, insiders sold 20,655 shares of company stock worth $556,708. 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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