Granite Investment Partners LLC Has $9,942,000 Holding in Wright Medical Group N.V. (WMGI)

Granite Investment Partners LLC Has $9,942,000 Holding in Wright Medical Group N.V. (WMGI)

Granite Investment Partners LLC raised its stake in Wright Medical Group N.V. (NASDAQ:WMGI) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 405,269 shares of the medical device company’s stock after buying an additional 1,346 shares during the period. Granite Investment Partners LLC owned about 0.39% of Wright Medical Group N.V. worth $9,942,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Janus Capital Management LLC increased its stake in Wright Medical Group N.V. by 213.9% in the second quarter. Janus Capital Management LLC now owns 2,849,720 shares of the medical device company’s stock valued at $49,498,000 after buying an additional 1,941,815 shares in the last quarter. Peregrine Capital Management LLC acquired a new stake in Wright Medical Group N.V. during the third quarter valued at about $21,380,000. Neuberger Berman Group LLC acquired a new stake in Wright Medical Group N.V. during the second quarter valued at about $14,826,000. Vanguard Group Inc. increased its stake in Wright Medical Group N.V. by 12.6% in the second quarter. Vanguard Group Inc. now owns 7,332,250 shares of the medical device company’s stock valued at $127,363,000 after buying an additional 822,290 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Wright Medical Group N.V. by 379.0% in the second quarter. Marshall Wace LLP now owns 1,029,865 shares of the medical device company’s stock valued at $17,889,000 after buying an additional 814,865 shares in the last quarter.

Shares of Wright Medical Group N.V. (NASDAQ:WMGI) opened at 25.18 on Wednesday. The firm’s market capitalization is $2.60 billion. The stock’s 50 day moving average price is $24.07 and its 200-day moving average price is $23.60. Wright Medical Group N.V. has a 12 month low of $15.02 and a 12 month high of $25.72.

WMGI has been the subject of a number of research analyst reports. Barclays PLC reiterated a “buy” rating and issued a $33.00 price target on shares of Wright Medical Group N.V. in a report on Thursday, November 3rd. Leerink Swann reiterated an “outperform” rating and issued a $25.00 price target (down from $27.00) on shares of Wright Medical Group N.V. in a report on Thursday, November 3rd. Finally, Guggenheim downgraded Wright Medical Group N.V. from a “buy” rating to a “neutral” rating in a report on Tuesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $25.58.

In other Wright Medical Group N.V. news, Director Richard F. Wallman sold 9,000 shares of the stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $25.25, for a total value of $227,250.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sean Carney sold 54,748 shares of the stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $22.82, for a total value of $1,249,349.36. The disclosure for this sale can be found here. Insiders have sold a total of 107,760 shares of company stock valued at $2,524,085 over the last ninety days. Insiders own 9.30% of the company’s stock.

Wright Medical Group N.V. Company 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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