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KLCM Advisors Inc. Buys 58,427 Shares of Zimmer Biomet Holdings, Inc. $ZBH
KLCM Advisors Inc. significantly increased its stake in Zimmer Biomet Holdings, Inc. by 80.4% in the fourth quarter, purchasing an additional 58,427 shares to reach a total of 131,141 shares valued at approximately $11.8 million. This comes as Zimmer Biomet reported strong quarterly results, beating EPS estimates and showcasing 9.3% year-over-year revenue growth, yet its stock recently traded near its 52-week low. Wall Street analysts currently hold a “Hold” rating on the stock with an average price target of $102.80.