ZimVie Inc. (NASDAQ:ZIMV) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC boosted its holdings in shares of ZimVie Inc. (NASDAQ:ZIMV - Free Report) by 33.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 267,971 shares of the company's stock after buying an additional 67,400 shares during the period. First Eagle Investment Management LLC owned approximately 0.97% of ZimVie worth $3,738,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of ZimVie by 2.4% in the third quarter. Geode Capital Management LLC now owns 646,564 shares of the company's stock worth $10,263,000 after buying an additional 15,053 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of ZimVie by 1.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 398,306 shares of the company's stock worth $6,321,000 after purchasing an additional 6,235 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of ZimVie by 66.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 183,419 shares of the company's stock worth $2,911,000 after purchasing an additional 73,395 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of ZimVie by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 100,638 shares of the company's stock worth $1,404,000 after purchasing an additional 943 shares in the last quarter. Finally, Monarch Capital Management Inc. lifted its position in ZimVie by 6.2% in the 4th quarter. Monarch Capital Management Inc. now owns 65,560 shares of the company's stock valued at $915,000 after acquiring an additional 3,847 shares in the last quarter. Institutional investors own 95.63% of the company's stock.

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Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a "hold" rating on shares of ZimVie in a research note on Thursday, March 13th.

ZimVie Price Performance

Shares of ZimVie stock traded down $0.29 during trading on Thursday, reaching $11.60. 87,510 shares of the stock traded hands, compared to its average volume of 233,099. The company has a market capitalization of $321.05 million, a price-to-earnings ratio of -0.88 and a beta of 2.10. ZimVie Inc. has a 52-week low of $11.53 and a 52-week high of $22.40. 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 business has a fifty day simple moving average of $13.39 and a two-hundred day simple moving average of $14.29.

ZimVie (NASDAQ:ZIMV - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $111.52 million during the quarter, compared to analyst estimates of $113.67 million. Sell-side analysts expect that ZimVie Inc. will post 0.6 EPS for the current year.

About ZimVie

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.