ZimVie Inc. (NASDAQ:ZIMV) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its position in ZimVie Inc. (NASDAQ:ZIMV) by 6.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,699 shares of the company’s stock after buying an additional 2,760 shares during the period. Rhumbline Advisers owned about 0.16% of ZimVie worth $816,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ZIMV. Cetera Advisors LLC acquired a new position in shares of ZimVie in the first quarter valued at approximately $2,615,000. Charles Schwab Investment Management Inc. increased its position in ZimVie by 21.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,285 shares of the company’s stock worth $13,513,000 after purchasing an additional 132,804 shares during the last quarter. CenterBook Partners LP acquired a new position in ZimVie during the fourth quarter worth approximately $988,000. Teton Advisors Inc. increased its position in ZimVie by 220.0% during the first quarter. Teton Advisors Inc. now owns 48,000 shares of the company’s stock worth $792,000 after purchasing an additional 33,000 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in ZimVie by 6.0% during the first quarter. Gamco Investors INC. ET AL now owns 343,717 shares of the company’s stock worth $5,668,000 after purchasing an additional 19,459 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at ZimVie

In related news, major shareholder Camber Capital Management Lp sold 525,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $17.71, for a total value of $9,297,750.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.01% of the stock is currently owned by corporate insiders.

ZimVie Price Performance

Shares of ZIMV stock opened at $15.98 on Tuesday. The company has a market capitalization of $436.08 million, a PE ratio of -1.14 and a beta of 2.13. The firm has a fifty day simple moving average of $18.08 and a 200-day simple moving average of $17.15. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 0.62. ZimVie Inc. has a twelve month low of $6.52 and a twelve month high of $22.40.

ZimVie (NASDAQ:ZIMV) last announced its earnings results on Thursday, August 1st. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The firm 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 previous year, the business earned $0.17 EPS. Equities research analysts anticipate that ZimVie Inc. will post 0.63 earnings per share for the current fiscal year.

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.