Suffolk Capital Management LLC purchased a new stake in shares of K2M Group Holdings, Inc. (NASDAQ:KTWO) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 32,054 shares of the medical device company’s stock, valued at approximately $781,000. Suffolk Capital Management LLC owned about 0.08% of K2M Group Holdings as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of KTWO. IBM Retirement Fund bought a new position in shares of K2M Group Holdings during the first quarter valued at about $2,677,000. JPMorgan Chase & Co. boosted its position in shares of K2M Group Holdings by 54.3% in the first 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 period. Nicholas Company Inc. boosted its position in shares of K2M Group Holdings by 6.6% in the first quarter. Nicholas Company Inc. now owns 253,865 shares of the medical device company’s stock valued at $5,206,000 after buying an additional 15,625 shares during the period. Parkwood LLC bought a new position in shares of K2M Group Holdings during the first quarter valued at about $223,000. Finally, Suntrust Banks Inc. bought a new position in shares of K2M Group Holdings during the first quarter valued at about $400,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

K2M Group Holdings, Inc. (NASDAQ:KTWO) opened at 22.97 on Monday. K2M Group Holdings, Inc. has a 52-week low of $15.45 and a 52-week high of $25.99. The firm’s market cap is $993.87 million. The firm’s 50-day moving average price is $24.07 and its 200 day moving average price is $21.86.

K2M Group Holdings (NASDAQ:KTWO) last issued its earnings results 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. K2M Group Holdings had a negative net margin of 16.21% and a negative return on equity of 15.45%. The firm had revenue of $65.70 million for the quarter, compared to analysts’ expectations of $66.26 million. During the same quarter last year, the company posted ($0.27) earnings per share. K2M Group Holdings’s revenue was up 11.0% on a year-over-year basis. On average, equities analysts anticipate that K2M Group Holdings, Inc. will post ($0.78) earnings per share for the current year.

WARNING: This piece of content was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/08/07/suffolk-capital-management-llc-invests-781000-in-k2m-group-holdings-inc-nasdaqktwo.html.

KTWO has been the topic of several recent research reports. TheStreet upgraded K2M Group Holdings from a “d+” rating to a “c” rating in a research report on Monday, May 8th. Royal Bank Of Canada restated a “buy” rating on shares of K2M Group Holdings in a research report on Wednesday, May 3rd. Oppenheimer Holdings, Inc. set a $26.00 price target on K2M Group Holdings and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Cowen and Company restated an “outperform” rating and issued a $26.00 price target (up previously from $21.00) on shares of K2M Group Holdings in a research report on Sunday, April 9th. Finally, JMP Securities restated an “outperform” rating and issued a $30.00 price target (up previously from $27.00) on shares of K2M Group Holdings in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. K2M Group Holdings has an average rating of “Buy” and a consensus target price of $26.25.

In other news, CFO Gregory S. Cole sold 42,947 shares of K2M Group Holdings stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $22.80, for a total transaction of $979,191.60. Following the sale, the chief financial officer now owns 87,425 shares of the company’s stock, valued at $1,993,290. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Philip Md Kostuik sold 50,000 shares of K2M Group Holdings stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $22.70, for a total value of $1,135,000.00. Following the sale, the insider now directly owns 199,107 shares in the company, valued at approximately $4,519,728.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,805 shares of company stock worth $2,178,713. 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.

Want to see what other hedge funds are holding KTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for K2M Group Holdings, Inc. (NASDAQ:KTWO).

Institutional Ownership by Quarter for K2M Group Holdings (NASDAQ:KTWO)

Receive News & Ratings for K2M Group Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K2M Group Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.