SG Americas Securities LLC Takes Position in ZimVie Inc. (NASDAQ:ZIMV)

SG Americas Securities LLC bought a new stake in ZimVie Inc. (NASDAQ:ZIMV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,602 shares of the company’s stock, valued at approximately $152,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP lifted its holdings in shares of ZimVie by 337.8% in the 2nd quarter. Quarry LP now owns 1,655 shares of the company’s stock valued at $30,000 after purchasing an additional 1,277 shares during the last quarter. Summit Securities Group LLC lifted its holdings in shares of ZimVie by 518.6% in the 2nd quarter. Summit Securities Group LLC now owns 3,000 shares of the company’s stock valued at $55,000 after purchasing an additional 2,515 shares during the last quarter. Heritage Wealth Advisors raised its stake in ZimVie by 172,750.0% during the 1st quarter. Heritage Wealth Advisors now owns 6,914 shares of the company’s stock valued at $114,000 after acquiring an additional 6,910 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in ZimVie during the 2nd quarter worth approximately $191,000. Finally, WINTON GROUP Ltd acquired a new stake in ZimVie during the 2nd quarter worth approximately $209,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Camber Capital Management Lp sold 525,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $17.71, for a total value of $9,297,750.00. Following the completion of the sale, the insider now directly owns 2,725,000 shares of the company’s stock, valued at $48,259,750. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.01% of the company’s stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC increased their price objective on ZimVie from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd.

ZimVie Stock Up 0.1 %

ZimVie stock opened at $14.15 on Friday. ZimVie Inc. has a twelve month low of $6.52 and a twelve month high of $22.40. The stock has a 50 day moving average of $16.20 and a two-hundred day moving average of $16.92. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $390.12 million, a price-to-earnings ratio of -1.07 and a beta of 2.12.

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