Fox Run Management L.L.C. Invests $463,000 in ZimVie Inc. (NASDAQ:ZIMV)

Fox Run Management L.L.C. acquired a new position in ZimVie Inc. (NASDAQ:ZIMV) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 33,199 shares of the company’s stock, valued at approximately $463,000.

Several other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased 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 valued at $10,263,000 after purchasing an additional 15,053 shares during the period. American Century Companies Inc. grew its holdings in ZimVie by 23.9% in the 4th quarter. American Century Companies Inc. now owns 628,050 shares of the company’s stock worth $8,761,000 after buying an additional 121,053 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in ZimVie by 1.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 398,306 shares of the company’s stock valued at $6,321,000 after acquiring an additional 6,235 shares during the period. First Eagle Investment Management LLC raised its stake in ZimVie by 33.6% during the 4th quarter. First Eagle Investment Management LLC now owns 267,971 shares of the company’s stock valued at $3,738,000 after acquiring an additional 67,400 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in ZimVie by 66.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 183,419 shares of the company’s stock worth $2,911,000 after acquiring an additional 73,395 shares during the period. 95.63% of the stock is currently owned by institutional investors.

ZimVie Stock Up 2.1 %

ZIMV stock opened at $11.73 on Wednesday. The firm’s 50-day moving average is $13.23 and its two-hundred day moving average is $14.13. The company has a market capitalization of $324.65 million, a price-to-earnings ratio of -0.89 and a beta of 2.10. ZimVie Inc. has a 52 week low of $11.32 and a 52 week high of $22.40. The company has a current ratio of 1.94, a quick ratio of 1.38 and a debt-to-equity ratio of 0.57.

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

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reissued a “hold” rating on shares of ZimVie in a report on Thursday, March 13th.

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.