Geode Capital Management LLC Acquires 15,053 Shares of ZimVie Inc. (NASDAQ:ZIMV)

Geode Capital Management LLC grew its holdings in ZimVie Inc. (NASDAQ:ZIMV) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 646,564 shares of the company’s stock after buying an additional 15,053 shares during the quarter. Geode Capital Management LLC’s holdings in ZimVie were worth $10,263,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. increased its stake in ZimVie by 212.8% in the second quarter. American Century Companies Inc. now owns 412,434 shares of the company’s stock valued at $7,527,000 after acquiring an additional 280,565 shares during the period. Point72 Asset Management L.P. acquired a new stake in ZimVie during the second quarter valued at approximately $3,993,000. Lighthouse Investment Partners LLC bought a new stake in shares of ZimVie in the 2nd quarter valued at approximately $1,692,000. Renaissance Technologies LLC raised 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 buying an additional 85,300 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of ZimVie in the 3rd quarter worth approximately $891,000. 95.63% of the stock is owned by institutional investors.

ZimVie Price Performance

Shares of ZIMV stock opened at $13.95 on Thursday. The stock’s fifty day simple moving average is $14.03 and its 200 day simple moving average is $16.16. ZimVie Inc. has a one year low of $13.01 and a one year high of $22.40. The firm has a market cap of $385.01 million, a price-to-earnings ratio of -1.06 and a beta of 2.12. 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 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.