Westwood Management Corp IL continued to hold its stake in shares of K2M Group Holdings Inc (NASDAQ:KTWO) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 37,000 shares of the medical device company’s stock at the end of the first quarter. Westwood Management Corp IL owned approximately 0.09% of K2M Group Holdings worth $759,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Simplex Trading LLC purchased a new stake in shares of K2M Group Holdings during the first quarter worth about $187,000. Teton Advisors Inc. purchased a new stake in shares of K2M Group Holdings during the fourth quarter worth about $200,000. Gabelli Funds LLC purchased a new stake in shares of K2M Group Holdings during the fourth quarter worth about $236,000. 1st Global Advisors Inc. purchased a new stake in shares of K2M Group Holdings during the third quarter worth about $223,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of K2M Group Holdings during the fourth quarter worth about $281,000. 68.06% of the stock is currently owned by institutional investors.
Shares of K2M Group Holdings Inc (NASDAQ:KTWO) traded down 0.61% on Friday, reaching $21.21. 162,971 shares of the company were exchanged. The firm’s market capitalization is $896.63 million. The company’s 50 day moving average is $20.20 and its 200 day moving average is $19.85. K2M Group Holdings Inc has a 12-month low of $10.10 and a 12-month high of $23.10.
K2M Group Holdings (NASDAQ:KTWO) last issued its quarterly earnings data on Monday, March 6th. The medical device company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.27) by $0.03. The firm had revenue of $61.80 million for the quarter, compared to analysts’ expectations of $61.47 million. K2M Group Holdings had a negative net margin of 16.45% and a negative return on equity of 13.03%. K2M Group Holdings’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.21) EPS. Analysts forecast that K2M Group Holdings Inc will post ($0.76) earnings per share for the current year.
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A number of equities research analysts have recently issued reports on the stock. JMP Securities reaffirmed an “outperform” rating and issued a $27.00 target price on shares of K2M Group Holdings in a report on Wednesday, April 12th. Zacks Investment Research raised shares of K2M Group Holdings from a “sell” rating to a “hold” rating in a report on Thursday, March 30th. Cowen and Company reaffirmed an “outperform” rating and issued a $26.00 target price (up from $21.00) on shares of K2M Group Holdings in a report on Sunday, April 9th. Barclays PLC reaffirmed a “buy” rating and issued a $26.00 target price on shares of K2M Group Holdings in a report on Wednesday, January 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $29.00 target price on shares of K2M Group Holdings in a report on Tuesday, March 7th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. K2M Group Holdings currently has a consensus rating of “Buy” and an average target price of $24.67.
In related news, insider John Philip Md Kostuik sold 28,526 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $21.61, for a total transaction of $616,446.86. Following the completion of the transaction, the insider now owns 259,113 shares of the company’s stock, valued at $5,599,431.93. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 4.80% of the stock is currently owned by insiders.
K2M Group Holdings Company 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.
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