Blue Jay Capital Management LLC grew its position in shares of Wright Medical Group N.V. (NASDAQ:WMGI) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 320,420 shares of the medical device company’s stock after purchasing an additional 14,255 shares during the period. Wright Medical Group N.V. makes up approximately 6.0% of Blue Jay Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Blue Jay Capital Management LLC owned 0.31% of Wright Medical Group N.V. worth $8,808,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of WMGI. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Wright Medical Group N.V. by 11.6% during the second 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 in the last quarter. First Mercantile Trust Co. grew its position in shares of Wright Medical Group N.V. by 21.7% during the second 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 in the last quarter. Fortaleza Asset Management Inc. purchased a new position in shares of Wright Medical Group N.V. during the second quarter valued at about $148,000. US Bancorp DE grew its position in shares of Wright Medical Group N.V. by 41.3% during the second 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 in the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Wright Medical Group N.V. by 9.1% during the second 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 in the last quarter.

Shares of Wright Medical Group N.V. (NASDAQ:WMGI) traded up 0.08% during mid-day trading on Friday, reaching $25.68. 933,678 shares of the company’s stock traded hands. The company’s 50-day moving average price is $28.14 and its 200-day moving average price is $28.30. The stock’s market capitalization is $2.68 billion. Wright Medical Group N.V. has a 12-month low of $20.50 and a 12-month high of $31.53.

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, beating the consensus estimate of ($0.09) by $0.02. Wright Medical Group N.V. had a negative net margin of 36.04% and a negative return on equity of 6.22%. The business had revenue of $179.69 million during the quarter, compared to analysts’ expectations of $178.17 million. During the same quarter in the prior year, the company posted ($0.11) EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts anticipate that Wright Medical Group N.V. will post ($0.29) earnings per share for the current year.

Several research analysts recently commented on WMGI shares. Cantor Fitzgerald started coverage on Wright Medical Group N.V. in a research report on Thursday, June 29th. They issued an “overweight” rating and a $33.00 price target for the company. Needham & Company LLC reiterated a “hold” rating on shares of Wright Medical Group N.V. in a research report on Friday, September 1st. BidaskClub lowered Wright Medical Group N.V. from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Piper Jaffray Companies reiterated a “buy” rating and issued a $34.00 price target on shares of Wright Medical Group N.V. in a research report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. set a $30.00 price target on Wright Medical Group N.V. and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $32.25.

In other news, SVP Jennifer S. Walker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $28.00, for a total value of $560,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.30% of the company’s stock.

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Wright Medical Group N.V. Profile

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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