Dimensional Fund Advisors LP Sells 9,540 Shares of K2M Group Holdings, Inc. (NASDAQ:KTWO)

Dimensional Fund Advisors LP trimmed its stake in shares of K2M Group Holdings, Inc. (NASDAQ:KTWO) by 24.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,603 shares of the medical device company’s stock after selling 9,540 shares during the quarter. Dimensional Fund Advisors LP owned about 0.07% of K2M Group Holdings worth $607,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. 1st Global Advisors Inc. raised its holdings in shares of K2M Group Holdings by 2.9% in the 1st quarter. 1st Global Advisors Inc. now owns 13,101 shares of the medical device company’s stock worth $269,000 after purchasing an additional 369 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of K2M Group Holdings by 9.1% in the 1st quarter. Legal & General Group Plc now owns 6,763 shares of the medical device company’s stock worth $138,000 after purchasing an additional 564 shares in the last quarter. American International Group Inc. raised its holdings in shares of K2M Group Holdings by 7.1% in the 1st quarter. American International Group Inc. now owns 15,847 shares of the medical device company’s stock worth $325,000 after purchasing an additional 1,047 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of K2M Group Holdings by 3.0% in the 1st quarter. Teachers Advisors LLC now owns 43,823 shares of the medical device company’s stock worth $899,000 after purchasing an additional 1,286 shares in the last quarter. Finally, Gabelli Funds LLC raised its holdings in shares of K2M Group Holdings by 21.2% in the 1st quarter. Gabelli Funds LLC now owns 14,300 shares of the medical device company’s stock worth $293,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors own 97.77% of the company’s stock.

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In other news, CFO Gregory S. Cole sold 39,357 shares of the business’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Philip Md Kostuik sold 1,090 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $4,863,220.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,085 shares of company stock worth $1,056,903. Corporate insiders own 5.80% of the company’s stock.

A number of research firms have recently issued reports on KTWO. Zacks Investment Research upgraded shares of K2M Group Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Cowen and Company reaffirmed a “buy” rating and set a $26.00 price objective on shares of K2M Group Holdings in a research report on Wednesday, July 19th. BidaskClub downgraded shares of K2M Group Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Needham & Company LLC reissued a “buy” rating on shares of K2M Group Holdings in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $26.00 target price on shares of K2M Group Holdings in a research report on Thursday, July 20th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $26.50.

Shares of K2M Group Holdings, Inc. (NASDAQ:KTWO) traded down 2.16% during mid-day trading on Friday, hitting $21.74. 222,436 shares of the stock were exchanged. The company’s market capitalization is $940.65 million. The firm has a 50-day moving average price of $23.26 and a 200 day moving average price of $22.35. K2M Group Holdings, Inc. has a 12-month low of $16.32 and a 12-month high of $25.99.

K2M Group Holdings (NASDAQ:KTWO) last posted its quarterly earnings results on Tuesday, August 1st. The medical device company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.01. K2M Group Holdings had a negative return on equity of 15.45% and a negative net margin of 16.21%. The business had revenue of $65.70 million for the quarter, compared to analyst estimates of $66.26 million. During the same period last year, the company earned ($0.27) EPS. K2M Group Holdings’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts expect that K2M Group Holdings, Inc. will post ($0.78) earnings per share for the current year.

K2M Group Holdings Profile

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.

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

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