Yelin Lapidot Holdings Management Ltd. lowered its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,247,963 shares of the company's stock after selling 145,589 shares during the period. ZIM Integrated Shipping Services comprises 4.7% of Yelin Lapidot Holdings Management Ltd.'s investment portfolio, making the stock its 4th biggest position. Yelin Lapidot Holdings Management Ltd. owned approximately 1.04% of ZIM Integrated Shipping Services worth $26,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also made changes to their positions in ZIM. U S Global Investors Inc. purchased a new position in ZIM Integrated Shipping Services in the fourth quarter valued at $345,000. Sigma Planning Corp lifted its stake in ZIM Integrated Shipping Services by 15.1% during the fourth quarter. Sigma Planning Corp now owns 43,232 shares of the company's stock worth $928,000 after purchasing an additional 5,664 shares during the last quarter. Navellier & Associates Inc. purchased a new stake in ZIM Integrated Shipping Services during the fourth quarter worth approximately $1,787,000. Allianz Asset Management GmbH boosted its holdings in ZIM Integrated Shipping Services by 39.5% in the fourth quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company's stock valued at $29,823,000 after purchasing an additional 393,215 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in ZIM Integrated Shipping Services by 66.0% in the fourth quarter. Global Retirement Partners LLC now owns 28,591 shares of the company's stock valued at $614,000 after purchasing an additional 11,370 shares during the last quarter. Hedge funds and other institutional investors own 21.42% of the company's stock.
ZIM Integrated Shipping Services Stock Performance
Shares of ZIM stock traded down $0.48 during trading hours 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 company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The company's 50 day moving average is $19.52 and its two-hundred day moving average is $20.67. The company has a market cap of $2.33 billion, a P/E ratio of 1.62, a price-to-earnings-growth ratio of 0.27 and a beta of 1.74. ZIM Integrated Shipping Services Ltd. has a 1 year low of $9.08 and a 1 year high of $30.15.
Analysts Set New Price Targets
Several research analysts have commented on the company. Jefferies Financial Group cut their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a "hold" rating on the stock in a research report on Tuesday, December 17th. Clarkson Capital upgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Fearnley Fonds downgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Finally, Barclays cut their price target 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. Five research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $15.04.
Check Out Our Latest Analysis on ZIM
About ZIM Integrated Shipping Services
(
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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