ZimVie Inc. (NASDAQ:ZIMV) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its stake in shares of ZimVie Inc. (NASDAQ:ZIMV) by 212.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 412,434 shares of the company’s stock after acquiring an additional 280,565 shares during the period. American Century Companies Inc. owned about 1.50% of ZimVie worth $7,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of ZimVie by 21.1% during the 4th 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 period. Gabelli Funds LLC grew its position in ZimVie by 25.4% during the fourth quarter. Gabelli Funds LLC now owns 40,260 shares of the company’s stock valued at $715,000 after buying an additional 8,160 shares during the period. CenterBook Partners LP purchased a new position in ZimVie in the fourth quarter valued at $988,000. Scarborough Advisors LLC acquired a new position in shares of ZimVie in the fourth quarter worth about $28,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of ZimVie by 0.7% during the 1st quarter. Russell Investments Group Ltd. now owns 281,377 shares of the company’s stock worth $4,640,000 after acquiring an additional 1,964 shares in the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

ZimVie Stock Performance

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

ZimVie (NASDAQ:ZIMV) last released its quarterly 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). ZimVie had a positive return on equity of 2.21% and a negative net margin of 63.84%. The company had revenue of $116.81 million for the quarter. During the same period in the previous year, the business posted $0.17 EPS. As a group, research analysts forecast that ZimVie Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Camber Capital Management Lp sold 525,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $17.71, for a total transaction of $9,297,750.00. Following the completion of the sale, the insider now directly owns 2,725,000 shares in the company, valued at $48,259,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.01% of the company’s stock.

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.