Verition Fund Management LLC Sells 5,541 Shares of ZimVie Inc. (NASDAQ:ZIMV)

Verition Fund Management LLC cut its stake in ZimVie Inc. (NASDAQ:ZIMV) by 25.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,045 shares of the company’s stock after selling 5,541 shares during the quarter. Verition Fund Management LLC’s holdings in ZimVie were worth $255,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in ZimVie by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,035,069 shares of the company’s stock valued at $18,889,000 after purchasing an additional 36,846 shares during the period. American Century Companies Inc. grew its holdings in shares of ZimVie by 212.8% in the 2nd quarter. American Century Companies Inc. now owns 412,434 shares of the company’s stock valued at $7,527,000 after buying an additional 280,565 shares during the period. Renaissance Technologies LLC increased its position in shares of ZimVie by 26.6% in the 2nd quarter. Renaissance Technologies LLC now owns 406,400 shares of the company’s stock valued at $7,417,000 after buying an additional 85,300 shares in the last quarter. First Eagle Investment Management LLC raised its stake in ZimVie by 17.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 260,481 shares of the company’s stock worth $4,754,000 after buying an additional 38,124 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in ZimVie during the second quarter worth about $3,993,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

ZimVie Stock Down 1.5 %

NASDAQ:ZIMV opened at $13.73 on Friday. The stock has a market cap of $378.95 million, a price-to-earnings ratio of -1.05 and a beta of 2.12. The company has a current ratio of 1.94, a quick ratio of 1.38 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average price of $14.36 and a two-hundred day moving average price of $16.38. ZimVie Inc. has a 1 year low of $11.02 and a 1 year high of $22.40.

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.