Rhumbline Advisers boosted its position in K2M Group Holdings, Inc. (NASDAQ:KTWO) by 49.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,165 shares of the medical device company’s stock after purchasing an additional 14,241 shares during the period. Rhumbline Advisers owned 0.10% of K2M Group Holdings worth $1,051,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. TimesSquare Capital Management LLC increased its holdings in K2M Group Holdings by 44.0% in the 1st quarter. TimesSquare Capital Management LLC now owns 2,197,020 shares of the medical device company’s stock worth $45,061,000 after purchasing an additional 671,120 shares in the last quarter. Wellington Management Group LLP increased its holdings in K2M Group Holdings by 10.4% in the 1st quarter. Wellington Management Group LLP now owns 1,875,913 shares of the medical device company’s stock worth $38,475,000 after purchasing an additional 175,998 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 worth $28,906,000 after purchasing an additional 495,749 shares in the last quarter. Vanguard Group Inc. increased its holdings in K2M Group Holdings by 13.8% in the 1st quarter. Vanguard Group Inc. now owns 1,379,090 shares of the medical device company’s stock worth $28,285,000 after purchasing an additional 167,036 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in K2M Group Holdings by 3,357.5% in the 1st quarter. Citadel Advisors LLC now owns 628,808 shares of the medical device company’s stock worth $12,897,000 after purchasing an additional 610,621 shares in the last quarter. 97.86% of the stock is owned by institutional investors and hedge funds.

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Shares of K2M Group Holdings, Inc. (NASDAQ KTWO) opened at 20.85 on Monday. K2M Group Holdings, Inc. has a 52-week low of $16.32 and a 52-week high of $25.99. The company’s market cap is $902.14 million. The firm has a 50 day moving average price of $22.95 and a 200-day moving average price of $22.37.

K2M Group Holdings (NASDAQ:KTWO) last released its quarterly earnings data 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. The firm had revenue of $65.70 million for the quarter, compared to the consensus estimate of $66.26 million. K2M Group Holdings had a negative return on equity of 15.45% and a negative net margin of 16.21%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.27) earnings per share. Equities research analysts anticipate that K2M Group Holdings, Inc. will post ($0.78) earnings per share for the current year.

In other news, CFO Gregory S. Cole sold 39,357 shares of K2M Group Holdings 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John Philip Md Kostuik sold 1,090 shares of K2M Group Holdings stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $24.08, for a total value of $26,247.20. Following the completion of the transaction, the insider now owns 201,961 shares in the company, valued at approximately $4,863,220.88. 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. Company insiders own 5.80% of the company’s stock.

A number of equities analysts have issued reports on the company. Cowen and Company set a $28.00 target price on K2M Group Holdings and gave the stock a “buy” rating in a report on Thursday, August 17th. Needham & Company LLC reaffirmed a “buy” rating on shares of K2M Group Holdings in a report on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $26.00 price target on shares of K2M Group Holdings in a research report on Friday. Oppenheimer Holdings, Inc. set a $29.00 price target on K2M Group Holdings and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Finally, BidaskClub lowered K2M Group Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $27.14.

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.

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

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