U S Global Investors Inc. Acquires New Stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

U S Global Investors Inc. purchased a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,082 shares of the company's stock, valued at approximately $345,000.

Several other large investors have also recently made changes to their positions in ZIM. Van ECK Associates Corp boosted its stake in ZIM Integrated Shipping Services by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 38,079 shares of the company's stock worth $977,000 after purchasing an additional 591 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of ZIM Integrated Shipping Services by 2.1% in the third quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company's stock worth $1,137,000 after buying an additional 915 shares in the last quarter. Olympiad Research LP boosted its position in ZIM Integrated Shipping Services by 12.9% during the third quarter. Olympiad Research LP now owns 10,588 shares of the company's stock worth $272,000 after acquiring an additional 1,212 shares during the last quarter. Truist Financial Corp boosted its position in ZIM Integrated Shipping Services by 10.2% during the fourth quarter. Truist Financial Corp now owns 14,804 shares of the company's stock worth $318,000 after acquiring an additional 1,376 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC raised its holdings in ZIM Integrated Shipping Services by 126.7% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company's stock valued at $87,000 after acquiring an additional 1,900 shares during the last quarter. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

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ZIM Integrated Shipping Services Trading Down 2.4 %

Shares of NYSE:ZIM traded down $0.48 during midday trading on Tuesday, reaching $19.33. 4,991,072 shares of the company's stock were exchanged, compared to its average volume of 5,396,763. The firm's 50 day simple moving average is $19.52 and its two-hundred day simple moving average is $20.67. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $9.08 and a fifty-two week high of $30.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 1.62, a P/E/G ratio of 0.27 and a beta of 1.74.

Analyst Ratings Changes

ZIM has been the topic of several recent research reports. Jefferies Financial Group lowered their target price on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating on the stock in a report on Tuesday, December 17th. Barclays cut their target price on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an "underweight" rating for the company in a research note on Friday, January 10th. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Finally, Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 21st. Five equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $15.04.

ZIM Integrated Shipping Services Company Profile

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.