ZimVie Inc. (NASDAQ:ZIMV) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its position in ZimVie Inc. (NASDAQ:ZIMV) by 33.6% during the fourth quarter, Holdings Channel reports. The firm owned 267,971 shares of the company’s stock after acquiring an additional 67,400 shares during the period. First Eagle Investment Management LLC’s holdings in ZimVie were worth $3,738,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of ZimVie by 2.4% in the third quarter. Geode Capital Management LLC now owns 646,564 shares of the company’s stock worth $10,263,000 after buying an additional 15,053 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of ZimVie by 1.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 398,306 shares of the company’s stock worth $6,321,000 after buying an additional 6,235 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of ZimVie by 66.7% in the third quarter. JPMorgan Chase & Co. now owns 183,419 shares of the company’s stock worth $2,911,000 after buying an additional 73,395 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of ZimVie by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 100,638 shares of the company’s stock worth $1,404,000 after buying an additional 943 shares during the last quarter. Finally, Monarch Capital Management Inc. boosted its stake in shares of ZimVie by 6.2% in the fourth quarter. Monarch Capital Management Inc. now owns 65,560 shares of the company’s stock worth $915,000 after buying an additional 3,847 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a “hold” rating on shares of ZimVie in a research note on Thursday.

ZimVie Stock Up 0.5 %

Shares of ZIMV opened at $12.04 on Friday. The company has a market capitalization of $333.23 million, a price-to-earnings ratio of -0.92 and a beta of 2.10. The stock’s 50-day moving average price is $13.50 and its 200-day moving average price is $14.40. The company has a quick ratio of 1.38, a current ratio of 1.94 and a debt-to-equity ratio of 0.57. ZimVie Inc. has a 52 week low of $11.62 and a 52 week high of $22.40.

ZimVie (NASDAQ:ZIMV) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $111.52 million for the quarter, compared to the consensus estimate of $113.67 million. ZimVie had a positive return on equity of 2.90% and a negative net margin of 77.31%. On average, sell-side analysts predict that ZimVie Inc. will post 0.6 EPS for the current year.

ZimVie Company 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.