Nicholas Investment Partners LP raised its stake in K2M Group Holdings, Inc. (NASDAQ:KTWO) by 48.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,750 shares of the medical device company’s stock after purchasing an additional 65,991 shares during the period. Nicholas Investment Partners LP owned about 0.47% of K2M Group Holdings worth $4,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Artemis Investment Management LLP raised its position in K2M Group Holdings by 255.4% in the 2nd quarter. Artemis Investment Management LLP now owns 316,703 shares of the medical device company’s stock valued at $7,716,000 after purchasing an additional 227,582 shares in the last quarter. IBM Retirement Fund acquired a new stake in K2M Group Holdings in the 1st quarter valued at about $2,677,000. JPMorgan Chase & Co. raised its position in K2M Group Holdings by 54.3% in 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 purchasing an additional 495,749 shares in the last quarter. Nicholas Company Inc. raised its position in K2M Group Holdings by 6.6% in the 1st quarter. Nicholas Company Inc. now owns 253,865 shares of the medical device company’s stock valued at $5,206,000 after purchasing an additional 15,625 shares in the last quarter. Finally, Credit Suisse AG raised its position in K2M Group Holdings by 9.8% in the 1st quarter. Credit Suisse AG now owns 212,672 shares of the medical device company’s stock valued at $4,360,000 after purchasing an additional 18,931 shares in the last quarter. 97.86% of the stock is currently owned by institutional investors.

In related news, insider John Philip Md Kostuik sold 1,332 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $23.30, for a total value of $31,035.60. Following the transaction, the insider now owns 200,629 shares in the company, valued at $4,674,655.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Gregory S. Cole sold 39,357 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $23.37, for a total value of $919,773.09. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,085 shares of company stock worth $1,056,903. Insiders own 5.80% of the company’s stock.

KTWO has been the topic of a number of analyst reports. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of K2M Group Holdings in a research report on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $26.00 price target on shares of K2M Group Holdings in a research report on Thursday, July 20th. BidaskClub raised K2M Group Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Cowen and Company reaffirmed a “buy” rating and issued a $26.00 price target on shares of K2M Group Holdings in a research report on Wednesday, July 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of K2M Group Holdings in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $27.14.

Shares of K2M Group Holdings, Inc. (KTWO) traded down 2.02% during midday trading on Tuesday, hitting $20.42. The stock had a trading volume of 38,667 shares. The company’s market cap is $883.53 million. K2M Group Holdings, Inc. has a one year low of $16.32 and a one year high of $25.99. The stock has a 50 day moving average of $23.06 and a 200-day moving average of $22.38.

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, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $65.70 million for the quarter, compared to analysts’ expectations of $66.26 million. During the same quarter in the previous year, the firm posted ($0.27) earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. Analysts forecast that K2M Group Holdings, Inc. will post ($0.78) EPS for the current fiscal year.

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About K2M Group Holdings

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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