Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Wright Medical Group N.V. (NASDAQ:WMGI) by 11.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,797 shares of the medical device company’s stock after purchasing an additional 396 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wright Medical Group N.V. were worth $104,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in 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 purchasing an additional 340,992 shares during the last quarter. Palo Alto Investors LLC increased its stake in 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 purchasing an additional 23,600 shares during the last quarter. GW&K Investment Management LLC increased its stake in Wright Medical Group N.V. by 18.7% in the second quarter. GW&K Investment Management LLC now owns 1,504,861 shares of the medical device company’s stock valued at $41,369,000 after purchasing an additional 237,445 shares during the last quarter. Victory Capital Management Inc. increased its stake in Wright Medical Group N.V. by 30.6% in the second quarter. Victory Capital Management Inc. now owns 1,039,308 shares of the medical device company’s stock valued at $28,571,000 after purchasing an additional 243,630 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in 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 purchasing an additional 107,926 shares during the last quarter.

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Shares of Wright Medical Group N.V. (NASDAQ:WMGI) opened at 25.68 on Monday. Wright Medical Group N.V. has a one year low of $20.50 and a one year high of $31.53. The firm’s market capitalization is $2.68 billion. The company’s 50 day moving average price is $28.14 and its 200 day moving average price is $28.30.

Wright Medical Group N.V. (NASDAQ:WMGI) last issued its quarterly earnings results on Wednesday, August 2nd. The medical device company reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.02. Wright Medical Group N.V. had a negative return on equity of 6.22% and a negative net margin of 36.04%. The business had revenue of $179.69 million during the quarter, compared to the consensus estimate of $178.17 million. During the same period in the previous year, the business earned ($0.11) EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts expect that Wright Medical Group N.V. will post ($0.29) EPS for the current fiscal year.

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

Several brokerages have commented on WMGI. Needham & Company LLC reiterated a “hold” rating on shares of Wright Medical Group N.V. in a research note on Friday, September 1st. BidaskClub upgraded shares of Wright Medical Group N.V. from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Jefferies Group LLC restated a “buy” rating and set a $33.00 target price on shares of Wright Medical Group N.V. in a research report on Friday, August 4th. Piper Jaffray Companies restated a “buy” rating and set a $34.00 target price on shares of Wright Medical Group N.V. in a research report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. set a $30.00 target price on shares of Wright Medical Group N.V. and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Wright Medical Group N.V. has an average rating of “Buy” and a consensus target price of $32.25.

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.

Institutional Ownership by Quarter for Wright Medical Group N.V. (NASDAQ:WMGI)

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