American Century Companies Inc. Boosts Holdings in ZimVie Inc. (NASDAQ:ZIMV)

American Century Companies Inc. lifted its position in shares of ZimVie Inc. (NASDAQ:ZIMV) by 212.8% in the second quarter, Holdings Channel reports. The institutional investor owned 412,434 shares of the company’s stock after acquiring an additional 280,565 shares during the quarter. American Century Companies Inc.’s holdings in ZimVie were worth $7,527,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its position in ZimVie by 21.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,285 shares of the company’s stock valued at $13,513,000 after purchasing an additional 132,804 shares during the period. Gamco Investors INC. ET AL raised its holdings in ZimVie by 6.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 343,717 shares of the company’s stock valued at $5,668,000 after buying an additional 19,459 shares during the period. Russell Investments Group Ltd. lifted its position in ZimVie by 0.7% in the first quarter. Russell Investments Group Ltd. now owns 281,377 shares of the company’s stock valued at $4,640,000 after buying an additional 1,964 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in ZimVie by 8.8% during the first quarter. Kennedy Capital Management LLC now owns 240,686 shares of the company’s stock worth $3,969,000 after buying an additional 19,386 shares during the period. Finally, Cetera Advisors LLC purchased a new position in ZimVie during the first quarter worth about $2,615,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other ZimVie 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 shares were sold at an average price of $17.71, for a total value of $9,297,750.00. Following the completion of the transaction, the insider now owns 2,725,000 shares of the company’s stock, valued at approximately $48,259,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.01% of the stock is owned by insiders.

Analysts Set New Price Targets

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

ZimVie Price Performance

ZIMV stock opened at $15.98 on Tuesday. The business’s fifty day moving average price is $18.08 and its 200 day moving average price is $17.15. ZimVie Inc. has a 12-month low of $6.52 and a 12-month high of $22.40. 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 company has a market capitalization of $436.08 million, a PE ratio of -1.14 and a beta of 2.13.

ZimVie (NASDAQ:ZIMV) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The business had revenue of $116.81 million for the quarter. ZimVie had a positive return on equity of 2.21% and a negative net margin of 63.84%. During the same quarter in the previous year, the business earned $0.17 EPS. On average, sell-side analysts anticipate that ZimVie Inc. will post 0.63 EPS for the current 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.