Belpointe Asset Management LLC bought a new stake in Zimmer Biomet Holdings Inc (NYSE:ZBH) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,667 shares of the medical equipment provider’s stock, valued at approximately $1,600,000.

Several other hedge funds have also bought and sold shares of ZBH. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Zimmer Biomet by 25.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 827 shares of the medical equipment provider’s stock valued at $106,000 after purchasing an additional 167 shares in the last quarter. Bank of Nova Scotia Trust Co. bought a new stake in Zimmer Biomet in the third quarter worth $112,000. FNY Managed Accounts LLC bought a new stake in Zimmer Biomet in the third quarter worth $117,000. BB&T Investment Services Inc. bought a new stake in Zimmer Biomet in the second quarter worth $144,000. Finally, Sandy Spring Bank lifted its position in Zimmer Biomet by 5.4% in the second quarter. Sandy Spring Bank now owns 1,288 shares of the medical equipment provider’s stock worth $166,000 after buying an additional 66 shares during the last quarter. 86.24% of the stock is owned by hedge funds and other institutional investors.

ZBH has been the subject of a number of analyst reports. Gabelli initiated coverage on Zimmer Biomet in a research report on Thursday, August 24th. They issued a “buy” rating and a $142.00 price target for the company. Zacks Investment Research upgraded Zimmer Biomet from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. SunTrust Banks restated a “buy” rating and issued a $136.00 price target on shares of Zimmer Biomet in a research report on Monday, October 2nd. Piper Jaffray Companies downgraded Zimmer Biomet from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 2nd. Finally, BMO Capital Markets lowered their price target on Zimmer Biomet from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $134.05.

Zimmer Biomet Holdings Inc (NYSE:ZBH) traded up $0.03 during trading hours on Wednesday, hitting $113.54. The stock had a trading volume of 1,594,400 shares, compared to its average volume of 1,356,405. Zimmer Biomet Holdings Inc has a fifty-two week low of $100.81 and a fifty-two week high of $133.49. The company has a market capitalization of $22,982.72, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 1.76 and a beta of 1.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.78 and a current ratio of 1.47.

Zimmer Biomet (NYSE:ZBH) last released its earnings results on Wednesday, November 1st. The medical equipment provider reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.02). Zimmer Biomet had a return on equity of 16.29% and a net margin of 8.36%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the business posted $1.79 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. analysts forecast that Zimmer Biomet Holdings Inc will post 8.03 EPS for the current fiscal year.

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About Zimmer Biomet

Zimmer Biomet Holdings, Inc is engaged in designing, manufacturing and marketing of orthopedic reconstructive products; sports medicine, biologics, extremities and trauma products; office-based technologies; spine, craniomaxillofacial and thoracic products; dental implants, and related surgical products.

Institutional Ownership by Quarter for Zimmer Biomet (NYSE:ZBH)

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