Zimmer Biomet Holdings (NYSE:ZBH).
Snow Capital Management Lp lowered its stake in Zimmer Biomet Holdings shares by 7,320 shares as reported in a filing on 11/15/2017. Its stake stood at $60,563,000 a decrease of $6,790,000 according to the filing.
Several firms have updated their holdings. As of the end of the quarter Tredje Ap-fonden had disposed of a total of 1,111 shares trimming its position 3.3%. The value of the total investment in Zimmer Biomet Holdings decreased from $4,362,000 to $3,849,000 a change of $513,000 since the last quarter. Raymond James & Associates downsized its holdings by shedding 14,332 shares a decrease of 11.5% in the quarter. Raymond James & Associates controls 110,635 shares valued at $12,954,000. The total value of its holdings decreased 19.3%.
Clearfield Capital Management LP divested its position by selling 9,000 shares a decrease of 6.0% as of 09/30/2017. Clearfield Capital Management LP currently owns 140,000 shares worth $16,393,000. The value of the position overall is down by 14.3%.
Equity analyst Royal Bank Of Canada lowered the price target on November 7 changing the price objective from $0.00 to $125.00 and issued a “Outperform” rating.
On November 3 Stifel Nicolaus maintained a company rating of “Hold” targeting a price of $120.00. November 3 investment analysts at Jefferies Group LLC made no change to the company rating of “Buy” projecting a price of $136.00.
BMO Capital Markets lowered the price target of the stock on November 2 changing the forecast from $140.00 to $135.00 with a rating of “Outperform”. Morgan Stanley lowered the price target on November 2 cutting the projection from $146.00 to $136.00 and issued a “Overweight” recommendation.
The company is now down since yesterday’s close of 112.19. The company currently has a P/E ratio of 34.79 and market capitalization is 22.59B. As of the latest earnings report the EPS was $3.21 with 202.47M shares currently outstanding.
Traders are more bearish on the company lately if you look at the rise in short interest. The firm experienced a rise in short interest of 14.72% as of the latest report on October 13, 2017. Short shares increased 503,095 over that period. With short interest at 3,921,536 and short average daily volume at 964,170, the short-interest ratio is 4.0 and the short interest percentage is 0.02% as of October 13.