Fmr LLC Sells 11,696 Shares of ZimVie Inc. (NASDAQ:ZIMV)

Fmr LLC lessened its holdings in shares of ZimVie Inc. (NASDAQ:ZIMV) by 38.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,848 shares of the company’s stock after selling 11,696 shares during the period. Fmr LLC’s holdings in ZimVie were worth $299,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quarry LP lifted its position in ZimVie by 337.8% during the 2nd quarter. Quarry LP now owns 1,655 shares of the company’s stock valued at $30,000 after acquiring an additional 1,277 shares during the period. Summit Securities Group LLC increased its stake in shares of ZimVie by 518.6% during the second quarter. Summit Securities Group LLC now owns 3,000 shares of the company’s stock valued at $55,000 after purchasing an additional 2,515 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of ZimVie during the third quarter valued at approximately $152,000. The Manufacturers Life Insurance Company bought a new stake in shares of ZimVie in the 2nd quarter worth approximately $191,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of ZimVie in the 2nd quarter worth approximately $209,000. Institutional investors own 95.63% of the company’s stock.

ZimVie Stock Up 0.6 %

ZIMV stock opened at $13.60 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.94 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average of $14.21 and a 200 day moving average of $16.30. ZimVie Inc. has a twelve month low of $13.01 and a twelve month high of $22.40. The firm has a market cap of $375.35 million, a PE ratio of -1.04 and a beta of 2.12.

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.