Wright Medical Group N.V. (WMGI) Holdings Maintained by Commerce Bank

Commerce Bank maintained its stake in Wright Medical Group N.V. (NASDAQ:WMGI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,837 shares of the medical device company’s stock at the end of the 2nd quarter. Commerce Bank’s holdings in Wright Medical Group N.V. were worth $518,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in 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 worth $104,000 after buying an additional 396 shares in the last quarter. First Mercantile Trust Co. grew its position in 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 worth $120,000 after buying an additional 780 shares in the last quarter. Fortaleza Asset Management Inc. acquired a new stake in Wright Medical Group N.V. during the second quarter worth approximately $148,000. US Bancorp DE grew its position in 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 worth $155,000 after buying an additional 1,644 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in Wright Medical Group N.V. during the first quarter worth approximately $219,000.

Wright Medical Group N.V. (WMGI) opened at 25.68 on Friday. Wright Medical Group N.V. has a 12 month low of $20.50 and a 12 month high of $31.53. The company’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 posted its quarterly earnings results on Wednesday, August 2nd. The medical device company reported ($0.07) earnings per share (EPS) 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 analyst estimates of $178.17 million. During the same period in the prior year, the business posted ($0.11) earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. Analysts forecast that Wright Medical Group N.V. will post ($0.29) EPS for the current fiscal year.

In other Wright Medical Group N.V. news, SVP Jennifer S. Walker sold 20,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $28.00, for a total transaction of $560,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.30% of the company’s stock.

WMGI has been the topic of a number of analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $33.00 price target on shares of Wright Medical Group N.V. in a research report on Friday, August 4th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $34.00 target price on shares of Wright Medical Group N.V. in a report on Thursday, August 3rd. ValuEngine raised Wright Medical Group N.V. from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Wright Medical Group N.V. in a report on Friday, September 1st. Finally, BidaskClub raised Wright Medical Group N.V. from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Wright Medical Group N.V. presently has a consensus rating of “Buy” and a consensus target price of $32.25.

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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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