Gamco Investors INC. ET AL Raises Stock Holdings in ZimVie Inc. (NASDAQ:ZIMV)

Gamco Investors INC. ET AL increased its holdings in ZimVie Inc. (NASDAQ:ZIMV - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 519,112 shares of the company's stock after purchasing an additional 68,176 shares during the quarter. Gamco Investors INC. ET AL owned 1.88% of ZimVie worth $7,242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. SG Americas Securities LLC increased its stake in shares of ZimVie by 15.7% in the fourth quarter. SG Americas Securities LLC now owns 11,110 shares of the company's stock worth $155,000 after buying an additional 1,508 shares during the period. EMC Capital Management raised its stake in shares of ZimVie by 47.0% during the fourth quarter. EMC Capital Management now owns 13,802 shares of the company's stock valued at $193,000 after acquiring an additional 4,414 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of ZimVie by 17.8% during the fourth quarter. Wells Fargo & Company MN now owns 17,037 shares of the company's stock worth $238,000 after purchasing an additional 2,569 shares during the period. Integrated Quantitative Investments LLC bought a new stake in shares of ZimVie in the fourth quarter worth about $248,000. Finally, Principal Financial Group Inc. increased its holdings in ZimVie by 9.8% during the 4th quarter. Principal Financial Group Inc. now owns 19,054 shares of the company's stock valued at $266,000 after purchasing an additional 1,702 shares during the period. 95.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ZIMV shares. B. Riley initiated coverage on shares of ZimVie in a report on Thursday, April 10th. They issued a "buy" rating and a $16.00 price target on the stock. Needham & Company LLC reiterated a "hold" rating on shares of ZimVie in a research note on Wednesday, April 9th.

ZimVie Stock Up 1.1 %

NASDAQ:ZIMV traded up $0.10 during trading hours on Tuesday, reaching $9.02. 26,291 shares of the company traded hands, compared to its average volume of 222,690. ZimVie Inc. has a 1 year low of $8.56 and a 1 year high of $22.40. The company has a current ratio of 1.94, a quick ratio of 1.38 and a debt-to-equity ratio of 0.57. The business's 50-day moving average price is $11.47 and its two-hundred day moving average price is $13.21. The stock has a market capitalization of $251.12 million, a P/E ratio of -0.69 and a beta of 2.14.

ZimVie (NASDAQ:ZIMV - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $111.52 million for the quarter, compared to the consensus estimate of $113.67 million. ZimVie had a negative net margin of 77.31% and a positive return on equity of 2.90%. Analysts predict that ZimVie Inc. will post 0.6 earnings per share for the current year.

ZimVie 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.