State Street Corp Sells 2,877 Shares of ZimVie Inc. (NASDAQ:ZIMV)

State Street Corp trimmed its position in ZimVie Inc. (NASDAQ:ZIMV) by 0.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 635,501 shares of the company’s stock after selling 2,877 shares during the quarter. State Street Corp’s holdings in ZimVie were worth $10,085,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ZIMV. American Century Companies Inc. grew its holdings in ZimVie by 212.8% during the 2nd quarter. American Century Companies Inc. now owns 412,434 shares of the company’s stock valued at $7,527,000 after buying an additional 280,565 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of ZimVie during the 2nd quarter valued at approximately $3,993,000. Lighthouse Investment Partners LLC purchased a new position in shares of ZimVie in the second quarter valued at $1,692,000. Renaissance Technologies LLC increased its position in ZimVie by 26.6% in the second 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 during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in ZimVie during the third quarter valued at $891,000. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

ZimVie Price Performance

ZIMV stock opened at $14.11 on Friday. ZimVie Inc. has a 52 week low of $13.01 and a 52 week high of $22.40. The firm has a market capitalization of $389.42 million, a P/E ratio of -1.08 and a beta of 2.12. The company has a fifty day simple moving average of $14.06 and a two-hundred day simple moving average of $16.22. The company has a quick ratio of 1.38, a current ratio of 1.94 and a debt-to-equity ratio of 0.57.

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.