Y Intercept Hong Kong Ltd Takes $528,000 Position in ZimVie Inc. (NASDAQ:ZIMV)

Y Intercept Hong Kong Ltd bought a new position in shares of ZimVie Inc. (NASDAQ:ZIMV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,291 shares of the company’s stock, valued at approximately $528,000. Y Intercept Hong Kong Ltd owned about 0.12% of ZimVie as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZIMV. Dimensional Fund Advisors LP boosted its holdings in shares of ZimVie by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,035,069 shares of the company’s stock worth $18,889,000 after purchasing an additional 36,846 shares during the last quarter. American Century Companies Inc. lifted its position in ZimVie by 212.8% during the second 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 period. Renaissance Technologies LLC boosted its stake in ZimVie by 26.6% in the 2nd quarter. Renaissance Technologies LLC now owns 406,400 shares of the company’s stock worth $7,417,000 after buying an additional 85,300 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings 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 buying an additional 6,235 shares during the period. Finally, First Eagle Investment Management LLC grew its holdings in ZimVie by 17.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 260,481 shares of the company’s stock valued at $4,754,000 after buying an additional 38,124 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

ZimVie Trading Down 1.5 %

Shares of ZIMV stock opened at $13.73 on Monday. The firm’s 50-day simple moving average is $14.36 and its 200-day simple moving average is $16.38. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.94 and a quick ratio of 1.38. ZimVie Inc. has a 1-year low of $11.02 and a 1-year high of $22.40. The firm has a market cap of $378.95 million, a P/E ratio of -1.05 and a beta of 2.12.

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.