931,900 Shares in Wright Medical Group Inc (WMGI) Acquired by State of Tennessee Treasury Department

State of Tennessee Treasury Department purchased a new position in Wright Medical Group Inc (NASDAQ:WMGI) in the 4th quarter, HoldingsChannel reports. The firm purchased 931,900 shares of the medical device company’s stock, valued at approximately $20,688,000.

Other large investors have also added to or reduced their stakes in the company. American International Group Inc. grew its stake in shares of Wright Medical Group by 8.1% in the third quarter. American International Group Inc. now owns 70,114 shares of the medical device company’s stock worth $1,814,000 after purchasing an additional 5,242 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Wright Medical Group in the third quarter worth $511,000. Elk Creek Partners LLC grew its stake in shares of Wright Medical Group by 12.4% in the third quarter. Elk Creek Partners LLC now owns 1,021,475 shares of the medical device company’s stock worth $26,426,000 after purchasing an additional 113,043 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Wright Medical Group by 7.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 474,145 shares of the medical device company’s stock worth $12,267,000 after purchasing an additional 31,013 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Wright Medical Group in the third quarter worth $643,000.

Shares of Wright Medical Group Inc (NASDAQ WMGI) opened at $20.09 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.96 and a current ratio of 1.31. Wright Medical Group Inc has a twelve month low of $19.04 and a twelve month high of $31.53.

Several research firms have recently issued reports on WMGI. BidaskClub cut Wright Medical Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Cantor Fitzgerald set a $30.00 price target on Wright Medical Group and gave the stock a “buy” rating in a research note on Monday, January 8th. ValuEngine cut Wright Medical Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Barclays decreased their price target on Wright Medical Group from $33.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Wright Medical Group in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $31.89.

ILLEGAL ACTIVITY WARNING: “931,900 Shares in Wright Medical Group Inc (WMGI) Acquired by State of Tennessee Treasury Department” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/24/931900-shares-in-wright-medical-group-inc-wmgi-acquired-by-state-of-tennessee-treasury-department.html.

Wright Medical Group 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.

Want to see what other hedge funds are holding WMGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wright Medical Group Inc (NASDAQ:WMGI).

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

Receive News & Ratings for Wright Medical Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wright Medical Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply