Nationwide Fund Advisors purchases $26.4M Zimmer Biomet stake: 5 key notes

Written by Laura Dyrda | February 29, 2016 | Print  |

Nationwide Fund Advisors purchased stake in Zimmer Biomet, according to a Financial Market News report.

Here are five key notes on the purchase:

 

1. Nationwide Fund Advisors bought 258,212 shares of Zimmer Biomet stock during the fourth quarter of 2015.

 

2. The company's share purchase is valued at $26.4 million and Nationwide now owns around 0.13 percent of Zimmer Biomet.

 

3. Security Nation Trust also acquired Zimmer Biomet shares in the last quarter, valued at $1.6 million. Speece Thorson Capital Group purchased new stake in Zimmer Biomet as well, valued at round $7.6 million.

 

4. Zimmer Biomet reported earning $1.98 billion during the fourth quarter of 2015, up from the analysts' expected $1.96 billion. Quarterly revenue was up 58.1 percent over the same period last year.

 

5. Zimmer Biomet's 50-day moving average stock price is $97.26 and the one-year high is $121.54. The one-year low is $99.97 and the market cap is $19.8 billion.

 

More articles on orthopedic devices:
6 things to know about Johnson & Johnson's stock: Is there long-term strength?
European spine surgery devices market to reach $3B—3 takeaways
United Orthopedic Corporation to enroll patients in THA study: 5 notes

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