Franklin Resources Inc. lessened its holdings in ZimVie Inc. (NASDAQ:ZIMV – Free Report) by 69.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,113 shares of the company’s stock after selling 35,163 shares during the quarter. Franklin Resources Inc.’s holdings in ZimVie were worth $239,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of ZimVie by 212.8% in the second quarter. American Century Companies Inc. now owns 412,434 shares of the company’s stock worth $7,527,000 after buying an additional 280,565 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in ZimVie in the 2nd quarter worth $3,993,000. Lighthouse Investment Partners LLC acquired a new stake in ZimVie during the 2nd quarter worth about $1,692,000. Renaissance Technologies LLC grew its stake in ZimVie by 26.6% during the 2nd quarter. Renaissance Technologies LLC now owns 406,400 shares of the company’s stock valued at $7,417,000 after purchasing an additional 85,300 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of ZimVie in the third quarter valued at about $891,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.
ZimVie Stock Up 0.3 %
ZIMV stock opened at $13.95 on Thursday. The company has a market capitalization of $385.01 million, a P/E ratio of -1.06 and a beta of 2.12. ZimVie Inc. has a 12 month low of $13.01 and a 12 month high of $22.40. The firm’s fifty day simple moving average is $14.03 and its 200-day simple moving average is $16.16. 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.
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