American Century Companies Inc. Acquires 121,053 Shares of ZimVie Inc. (NASDAQ:ZIMV)

American Century Companies Inc. increased its stake in shares of ZimVie Inc. (NASDAQ:ZIMV - Free Report) by 23.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 628,050 shares of the company's stock after purchasing an additional 121,053 shares during the quarter. American Century Companies Inc. owned approximately 2.28% of ZimVie worth $8,761,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its position in ZimVie by 15.7% in the 4th 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 in the last quarter. EMC Capital Management raised its holdings in shares of ZimVie by 47.0% during the fourth quarter. EMC Capital Management now owns 13,802 shares of the company's stock worth $193,000 after acquiring an additional 4,414 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in ZimVie during the third quarter valued at $275,000. Bailard Inc. boosted its position in ZimVie by 35.0% during the fourth quarter. Bailard Inc. now owns 21,194 shares of the company's stock valued at $296,000 after purchasing an additional 5,494 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in ZimVie in the third quarter valued at about $528,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

ZimVie Stock Down 1.4 %

ZIMV stock traded down $0.13 during trading hours on Monday, hitting $9.34. The company's stock had a trading volume of 197,656 shares, compared to its average volume of 228,596. The stock has a 50 day moving average price of $12.56 and a two-hundred day moving average price of $13.74. ZimVie Inc. has a 12 month low of $9.06 and a 12 month high of $22.40. The company has a market capitalization of $260.09 million, a PE ratio of -0.71 and a beta of 2.14. The company has a quick ratio of 1.38, a current ratio of 1.94 and a debt-to-equity ratio of 0.57.

ZimVie (NASDAQ:ZIMV - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. ZimVie had a negative net margin of 77.31% and a positive return on equity of 2.90%. The firm had revenue of $111.52 million during the quarter, compared to analysts' expectations of $113.67 million. On average, equities research analysts expect that ZimVie Inc. will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

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

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.