Russell Investments Group Ltd. Grows Position in ZimVie Inc. (NASDAQ:ZIMV)

Russell Investments Group Ltd. boosted its stake in shares of ZimVie Inc. (NASDAQ:ZIMV - Free Report) by 60.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 279,413 shares of the company's stock after acquiring an additional 105,256 shares during the period. Russell Investments Group Ltd. owned 1.05% of ZimVie worth $4,960,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ZIMV. SG Americas Securities LLC purchased a new position in shares of ZimVie during the third quarter valued at about $105,000. Jump Financial LLC bought a new stake in ZimVie in the 3rd quarter worth approximately $137,000. Principal Financial Group Inc. raised its holdings in shares of ZimVie by 22.0% during the 3rd quarter. Principal Financial Group Inc. now owns 15,995 shares of the company's stock worth $151,000 after acquiring an additional 2,880 shares in the last quarter. WINTON GROUP Ltd boosted its position in shares of ZimVie by 78.4% during the 3rd quarter. WINTON GROUP Ltd now owns 21,575 shares of the company's stock valued at $203,000 after acquiring an additional 9,483 shares during the last quarter. Finally, Bailard Inc. purchased a new position in shares of ZimVie in the fourth quarter valued at $254,000. 95.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ZIMV shares. Needham & Company LLC reaffirmed a "hold" rating on shares of ZimVie in a research note on Thursday. Barclays increased their target price on shares of ZimVie from $13.00 to $16.00 and gave the company an "underweight" rating in a research note on Tuesday, March 5th.

ZimVie Stock Down 1.9 %

Shares of NASDAQ:ZIMV traded down $0.32 during trading on Friday, reaching $16.65. The stock had a trading volume of 476,567 shares, compared to its average volume of 264,272. The firm's 50-day simple moving average is $16.39 and its 200 day simple moving average is $15.13. The company has a market capitalization of $454.38 million, a P/E ratio of -1.19 and a beta of 2.17. The company has a current ratio of 2.68, a quick ratio of 2.32 and a debt-to-equity ratio of 1.32. ZimVie Inc. has a one year low of $6.52 and a one year high of $20.91.

ZimVie (NASDAQ:ZIMV - Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.08 EPS for the quarter. The company had revenue of $118.20 million during the quarter. ZimVie had a negative net margin of 56.31% and a positive return on equity of 2.01%. During the same quarter last year, the business earned $0.25 earnings per share. As a group, research analysts expect that ZimVie Inc. will post 0.63 EPS for the current fiscal year.

ZimVie Company Profile

ZimVie Inc, together with its subsidiaries, develops, manufactures, and markets a portfolio of products and solutions designed to treat various spine pathologies, and support dental tooth replacement and restoration procedures worldwide. It operates through two segments, The Dental Segment and The Spine Segment.