ZimVie Inc. (NASDAQ:ZIMV) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its holdings in ZimVie Inc. (NASDAQ:ZIMV - Free Report) by 61.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,344 shares of the company's stock after buying an additional 61,335 shares during the period. Massachusetts Financial Services Co. MA owned about 0.58% of ZimVie worth $2,251,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its position in ZimVie by 15.7% during the fourth quarter. SG Americas Securities LLC now owns 11,110 shares of the company's stock worth $155,000 after acquiring an additional 1,508 shares during the last quarter. EMC Capital Management raised its position in shares of ZimVie by 47.0% during the 4th quarter. EMC Capital Management now owns 13,802 shares of the company's stock worth $193,000 after purchasing an additional 4,414 shares during the last quarter. Principal Financial Group Inc. lifted its stake in ZimVie by 9.8% in the 4th quarter. Principal Financial Group Inc. now owns 19,054 shares of the company's stock valued at $266,000 after buying an additional 1,702 shares in the last quarter. Bailard Inc. grew its holdings in ZimVie by 35.0% during the 4th quarter. Bailard Inc. now owns 21,194 shares of the company's stock valued at $296,000 after buying an additional 5,494 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in ZimVie during the fourth quarter worth $463,000. 95.63% of the stock is owned by institutional investors and hedge funds.

ZimVie Trading Up 0.8 %

ZIMV traded up $0.08 during trading on Monday, hitting $9.23. The company's stock had a trading volume of 7,027 shares, compared to its average volume of 133,240. ZimVie Inc. has a twelve month low of $8.56 and a twelve month high of $22.40. The stock has a market cap of $256.89 million, a PE ratio of -0.70 and a beta of 2.14. The firm's 50 day moving average price is $11.97 and its 200-day moving average price is $13.48. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.94 and a quick ratio of 1.38.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ZIMV. B. Riley initiated coverage on ZimVie in a research report on Thursday. They issued a "buy" rating and a $16.00 price objective on the stock. Needham & Company LLC restated a "hold" rating on shares of ZimVie in a report on Wednesday, April 9th.

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.