Wright Medical Group Inc (WMGI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its holdings in shares of Wright Medical Group Inc (NASDAQ:WMGI) by 96.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,681 shares of the medical device company’s stock after selling 267,645 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Wright Medical Group were worth $250,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Prudential Financial Inc. raised its stake in Wright Medical Group by 9.1% during the second quarter. Prudential Financial Inc. now owns 7,678 shares of the medical device company’s stock worth $211,000 after acquiring an additional 640 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Wright Medical Group by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 77,310 shares of the medical device company’s stock worth $2,126,000 after acquiring an additional 701 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Wright Medical Group by 15.2% during the second quarter. PNC Financial Services Group Inc. now owns 12,424 shares of the medical device company’s stock worth $342,000 after acquiring an additional 1,636 shares in the last quarter. Stevens Capital Management LP raised its stake in Wright Medical Group by 25.5% during the third quarter. Stevens Capital Management LP now owns 15,298 shares of the medical device company’s stock worth $396,000 after acquiring an additional 3,112 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Wright Medical Group by 8.9% during the second quarter. Parametric Portfolio Associates LLC now owns 47,233 shares of the medical device company’s stock worth $1,298,000 after acquiring an additional 3,871 shares in the last quarter.

Wright Medical Group Inc (WMGI) opened at $20.04 on Tuesday. Wright Medical Group Inc has a 52 week low of $19.04 and a 52 week high of $31.53. The company has a quick ratio of 0.96, a current ratio of 1.31 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $1,030.00, a P/E ratio of -4.23, a PEG ratio of 150.97 and a beta of 0.59.

Several research analysts have commented on the company. BidaskClub downgraded Wright Medical Group from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. ValuEngine downgraded Wright Medical Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Wright Medical Group in a research note on Thursday, November 2nd. BMO Capital Markets lowered their price objective on Wright Medical Group from $34.00 to $31.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Wright Medical Group in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $31.89.

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

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