Franklin Resources Inc. lessened its holdings in ZimVie Inc. (NASDAQ:ZIMV – Free Report) by 69.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,113 shares of the company’s stock after selling 35,163 shares during the period. Franklin Resources Inc. owned approximately 0.05% of ZimVie worth $239,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the business. American Century Companies Inc. increased its holdings in shares of ZimVie by 212.8% in the 2nd 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 second quarter worth about $3,993,000. Lighthouse Investment Partners LLC bought a new stake in ZimVie during the second quarter worth approximately $1,692,000. Renaissance Technologies LLC raised its position in ZimVie by 26.6% during the second 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 period. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of ZimVie in the 3rd quarter valued at approximately $891,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.
ZimVie Stock Up 0.3 %
Shares of ZIMV opened at $13.95 on Thursday. 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 $13.01 and a 52-week high of $22.40. The company has a market cap of $385.01 million, a PE ratio of -1.06 and a beta of 2.12. The business has a fifty day moving average of $14.03 and a 200 day moving average of $16.16.
About ZimVie
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.
Read More
- Five stocks we like better than ZimVie
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Work and Play: Investing in the Rise of Bleisure Travel
- Which Wall Street Analysts are the Most Accurate?
- Top Dividend Stocks to Buy Now as Bond Yields Could Lower
- Basic Materials Stocks Investing
- SAP: AI Tailwinds Accelerating Enterprise Cloud Business
Want to see what other hedge funds are holding ZIMV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZimVie Inc. (NASDAQ:ZIMV – Free Report).
Receive News & Ratings for ZimVie Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZimVie and related companies with MarketBeat.com's FREE daily email newsletter.
