First Eagle Investment Management LLC raised its holdings in shares of ZimVie Inc. (NASDAQ:ZIMV - Free Report) by 73.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 294,673 shares of the company's stock after buying an additional 124,487 shares during the quarter. First Eagle Investment Management LLC owned about 1.11% of ZimVie worth $5,230,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in ZimVie during the 3rd quarter valued at $105,000. Bailard Inc. bought a new stake in shares of ZimVie in the fourth quarter valued at about $254,000. Jump Financial LLC bought a new stake in shares of ZimVie in the third quarter valued at about $137,000. Principal Financial Group Inc. grew its position in ZimVie by 22.0% during the third quarter. Principal Financial Group Inc. now owns 15,995 shares of the company's stock worth $151,000 after buying an additional 2,880 shares in the last quarter. Finally, Boston Partners bought a new position in ZimVie during the fourth quarter valued at about $310,000. 95.63% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Barclays raised their price objective on ZimVie from $13.00 to $16.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 5th. Needham & Company LLC upgraded shares of ZimVie from a "hold" rating to a "buy" rating and set a $20.00 price target on the stock in a research note on Thursday.
Get Our Latest Research Report on ZimVie
ZimVie Price Performance
ZIMV traded up $0.04 during midday trading on Friday, reaching $17.02. 233,575 shares of the company's stock were exchanged, compared to its average volume of 260,765. The company has a quick ratio of 2.23, a current ratio of 2.68 and a debt-to-equity ratio of 1.32. The business has a 50-day simple moving average of $16.35 and a two-hundred day simple moving average of $15.46. The firm has a market capitalization of $464.48 million, a price-to-earnings ratio of -1.22 and a beta of 2.17. 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 posted its earnings results on Wednesday, May 8th. The company reported $0.08 EPS for the quarter. ZimVie had a positive return on equity of 2.01% and a negative net margin of 56.31%. The business had revenue of $118.20 million during the quarter. During the same quarter last year, the business earned $0.25 EPS. As a group, research analysts predict that ZimVie Inc. will post 0.63 EPS for the current year.
About ZimVie
(
Free Report)
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.
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