LPL Financial LLC Acquires Shares of 71,216 ZimVie Inc. (NASDAQ:ZIMV)

LPL Financial LLC acquired a new position in ZimVie Inc. (NASDAQ:ZIMV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 71,216 shares of the company's stock, valued at approximately $993,000. LPL Financial LLC owned about 0.26% of ZimVie as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in ZimVie by 2.4% in the third quarter. Geode Capital Management LLC now owns 646,564 shares of the company's stock valued at $10,263,000 after acquiring an additional 15,053 shares in the last quarter. American Century Companies Inc. boosted its position in shares of ZimVie by 23.9% in the 4th quarter. American Century Companies Inc. now owns 628,050 shares of the company's stock worth $8,761,000 after purchasing an additional 121,053 shares in the last quarter. First Eagle Investment Management LLC grew its stake in ZimVie by 33.6% during the 4th quarter. First Eagle Investment Management LLC now owns 267,971 shares of the company's stock worth $3,738,000 after buying an additional 67,400 shares during the last quarter. JPMorgan Chase & Co. increased its position in ZimVie by 66.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 183,419 shares of the company's stock valued at $2,911,000 after buying an additional 73,395 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in ZimVie by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 100,638 shares of the company's stock valued at $1,404,000 after buying an additional 943 shares during the last quarter. Institutional investors own 95.63% of the company's stock.

ZimVie Stock Performance

ZIMV traded up $0.18 on Wednesday, reaching $9.38. 116,019 shares of the stock were exchanged, compared to its average volume of 222,732. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.94 and a quick ratio of 1.38. The company's 50-day moving average price is $11.39 and its 200 day moving average price is $13.18. The firm has a market capitalization of $261.20 million, a PE ratio of -0.72 and a beta of 2.14. ZimVie Inc. has a fifty-two week low of $8.56 and a fifty-two week high of $22.40.

ZimVie (NASDAQ:ZIMV - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. ZimVie had a positive return on equity of 2.90% and a negative net margin of 77.31%. The firm had revenue of $111.52 million during the quarter, compared to the consensus estimate of $113.67 million. As a group, sell-side analysts forecast that ZimVie Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ZIMV has been the topic of a number of research analyst reports. Needham & Company LLC restated a "hold" rating on shares of ZimVie in a report on Wednesday, April 9th. B. Riley initiated coverage on shares of ZimVie in a research report on Thursday, April 10th. They set a "buy" rating and a $16.00 target price on the stock.

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.