Aigen Investment Management LP cut its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 77.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,975 shares of the company's stock after selling 55,835 shares during the period. Aigen Investment Management LP's holdings in ZIM Integrated Shipping Services were worth $343,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of ZIM. Farther Finance Advisors LLC grew its stake in ZIM Integrated Shipping Services by 467.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company's stock valued at $76,000 after buying an additional 2,450 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in ZIM Integrated Shipping Services by 2.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company's stock valued at $1,137,000 after buying an additional 915 shares during the last quarter. Van ECK Associates Corp grew its stake in ZIM Integrated Shipping Services by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 38,079 shares of the company's stock valued at $977,000 after buying an additional 591 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at about $337,000. Finally, Sigma Planning Corp grew its stake in ZIM Integrated Shipping Services by 6.6% in the 3rd quarter. Sigma Planning Corp now owns 37,568 shares of the company's stock valued at $964,000 after buying an additional 2,317 shares during the last quarter. 21.42% of the stock is currently owned by institutional investors and hedge funds.
ZIM Integrated Shipping Services Price Performance
Shares of ZIM Integrated Shipping Services stock traded down $0.27 on Tuesday, reaching $20.35. 6,813,606 shares of the stock were exchanged, compared to its average volume of 5,571,819. The firm's 50 day moving average is $19.33 and its 200-day moving average is $20.62. ZIM Integrated Shipping Services Ltd. has a one year low of $9.08 and a one year high of $30.15. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The firm has a market cap of $2.45 billion, a PE ratio of 1.70, a P/E/G ratio of 0.27 and a beta of 1.70.
Wall Street Analyst Weigh In
ZIM has been the topic of a number of research reports. Jefferies Financial Group decreased their price target on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. cut their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating for the company in a report on Friday. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. Barclays cut their price objective on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating for the company in a report on Friday, January 10th. Finally, Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $14.84.
Read Our Latest Report on ZIM
ZIM Integrated Shipping Services Profile
(
Free Report)
ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.
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