Kennedy Capital Management LLC Raises Position in ZimVie Inc. (NASDAQ:ZIMV)

Kennedy Capital Management LLC grew its holdings in shares of ZimVie Inc. (NASDAQ:ZIMV) by 8.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 240,686 shares of the company’s stock after purchasing an additional 19,386 shares during the period. Kennedy Capital Management LLC owned approximately 0.88% of ZimVie worth $3,969,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $13,513,000 after purchasing an additional 132,804 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in ZimVie by 6.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 343,717 shares of the company’s stock worth $5,668,000 after acquiring an additional 19,459 shares during the last quarter. First Eagle Investment Management LLC raised its stake in ZimVie by 73.1% in the 4th quarter. First Eagle Investment Management LLC now owns 294,673 shares of the company’s stock worth $5,230,000 after acquiring an additional 124,487 shares during the last quarter. Russell Investments Group Ltd. raised its stake in ZimVie by 0.7% in 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 during the last quarter. Finally, Rice Hall James & Associates LLC raised its stake in ZimVie by 1.1% in the 1st quarter. Rice Hall James & Associates LLC now owns 178,114 shares of the company’s stock worth $2,937,000 after acquiring an additional 2,012 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of ZimVie in a research note on Tuesday, June 25th.

ZimVie Stock Performance

ZIMV stock traded down $0.24 during midday trading on Tuesday, reaching $20.98. The stock had a trading volume of 305,316 shares, compared to its average volume of 347,282. The stock has a market cap of $572.54 million, a PE ratio of -1.52 and a beta of 2.17. The company has a debt-to-equity ratio of 1.32, a quick ratio of 2.23 and a current ratio of 2.68. The firm has a fifty day simple moving average of $17.82 and a two-hundred day simple moving average of $17.46. ZimVie Inc. has a 52-week low of $6.52 and a 52-week high of $22.40.

ZimVie (NASDAQ:ZIMV) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $118.20 million for the quarter. ZimVie had a positive return on equity of 2.01% and a negative net margin of 56.31%. During the same period in the prior year, the business posted $0.25 earnings per share. As a group, equities research analysts anticipate that ZimVie Inc. will post 0.63 EPS for the current year.

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.