Y Intercept Hong Kong Ltd Has $5.28 Million Stake in ZIM Integrated Shipping Services Ltd. $ZIM

Y Intercept Hong Kong Ltd lifted its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 262.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,041 shares of the company’s stock after buying an additional 237,506 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in ZIM Integrated Shipping Services were worth $5,278,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ZIM. Janney Montgomery Scott LLC grew its position in shares of ZIM Integrated Shipping Services by 13.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 53,658 shares of the company’s stock worth $783,000 after buying an additional 6,519 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in ZIM Integrated Shipping Services by 7.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 97,812 shares of the company’s stock valued at $1,427,000 after purchasing an additional 6,873 shares during the period. Bessemer Group Inc. acquired a new position in ZIM Integrated Shipping Services during the first quarter valued at approximately $457,000. Astoria Portfolio Advisors LLC. grew its holdings in ZIM Integrated Shipping Services by 27.4% during the first quarter. Astoria Portfolio Advisors LLC. now owns 57,380 shares of the company’s stock valued at $790,000 after purchasing an additional 12,344 shares during the period. Finally, Vontobel Holding Ltd. acquired a new position in ZIM Integrated Shipping Services during the first quarter valued at approximately $161,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM opened at $14.39 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.11 and a current ratio of 1.20. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.03 and a twelve month high of $30.15. The firm’s 50 day moving average price is $13.89 and its two-hundred day moving average price is $15.31. The firm has a market cap of $1.73 billion, a P/E ratio of 0.86 and a beta of 1.72.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings results on Wednesday, August 20th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($1.31). ZIM Integrated Shipping Services had a net margin of 23.37% and a return on equity of 50.61%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.84 billion. On average, analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. ZIM Integrated Shipping Services’s payout ratio is currently 1.44%.

Analyst Ratings Changes

ZIM has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, October 8th. Wall Street Zen cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a report on Friday, August 22nd. Barclays decreased their price objective on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating for the company in a report on Thursday, August 28th. JPMorgan Chase & Co. boosted their price objective on shares of ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the company an “underweight” rating in a report on Tuesday, September 30th. Finally, Citigroup reaffirmed a “sell” rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. Three analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, ZIM Integrated Shipping Services has an average rating of “Strong Sell” and an average target price of $14.62.

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.