Lighthouse Investment Partners LLC Takes $1.69 Million Position in ZimVie Inc. (NASDAQ:ZIMV)

Lighthouse Investment Partners LLC bought a new position in shares of ZimVie Inc. (NASDAQ:ZIMV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 92,700 shares of the company’s stock, valued at approximately $1,692,000.

A number of other large investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in ZimVie by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,035,069 shares of the company’s stock worth $18,889,000 after acquiring an additional 36,846 shares in the last quarter. American Century Companies Inc. raised its position in shares of ZimVie by 212.8% during the second quarter. American Century Companies Inc. now owns 412,434 shares of the company’s stock worth $7,527,000 after purchasing an additional 280,565 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of ZimVie by 26.6% in the 2nd quarter. Renaissance Technologies LLC now owns 406,400 shares of the company’s stock worth $7,417,000 after purchasing an additional 85,300 shares in the last quarter. Gamco Investors INC. ET AL grew its position in ZimVie by 6.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 343,717 shares of the company’s stock valued at $5,668,000 after purchasing an additional 19,459 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in ZimVie by 0.7% during the 1st quarter. Russell Investments Group Ltd. now owns 281,377 shares of the company’s stock valued at $4,640,000 after purchasing an additional 1,964 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Needham & Company LLC raised their price objective on shares of ZimVie from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, August 2nd.

ZimVie Stock Performance

Shares of ZIMV opened at $15.76 on Friday. The firm has a market capitalization of $434.50 million, a P/E ratio of -1.13 and a beta of 2.13. ZimVie Inc. has a 52 week low of $6.52 and a 52 week high of $22.40. The stock has a 50 day moving average price of $17.71 and a two-hundred day moving average price of $17.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.43 and a current ratio of 1.94.

ZimVie (NASDAQ:ZIMV) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $116.81 million for the quarter. ZimVie had a positive return on equity of 2.21% and a negative net margin of 63.84%. During the same period in the prior year, the business earned $0.17 EPS. Equities analysts forecast that ZimVie Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Transactions at ZimVie

In related news, major shareholder Camber Capital Management Lp sold 525,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $17.71, for a total transaction of $9,297,750.00. Following the transaction, the insider now directly owns 2,725,000 shares of the company’s stock, valued at $48,259,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.01% of the company’s stock.

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.