Susquehanna Fundamental Investments LLC lowered its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Free Report) by 25.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,861 shares of the company’s stock after selling 70,995 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in ZIM Integrated Shipping Services were worth $5,274,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of ZIM. Value Base Ltd. bought a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter worth approximately $1,316,000. Yelin Lapidot Holdings Management Ltd. increased its position in ZIM Integrated Shipping Services by 1.2% during the 2nd quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,308,773 shares of the company’s stock valued at $86,028,000 after buying an additional 40,000 shares in the last quarter. Sagil Capital LLP bought a new position in ZIM Integrated Shipping Services during the 4th quarter valued at approximately $1,486,000. Weiss Asset Management LP purchased a new position in ZIM Integrated Shipping Services during the first quarter valued at $7,283,000. Finally, Global Retirement Partners LLC purchased a new position in ZIM Integrated Shipping Services during the second quarter valued at $1,023,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.
ZIM Integrated Shipping Services Stock Performance
Shares of ZIM opened at $27.39 on Tuesday. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 23.82 and a beta of 1.21. The business’s fifty day simple moving average is $25.82 and its two-hundred day simple moving average is $26.10. ZIM Integrated Shipping Services Ltd. has a 12 month low of $12.33 and a 12 month high of $29.97. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.09.
Insider Buying and Selling
In related news, EVP Xavier Destriau sold 12,084 shares of ZIM Integrated Shipping Services stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $28.80, for a total value of $348,019.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Saar Dotan sold 11,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $26.11, for a total value of $287,210.00. Following the completion of the transaction, the executive vice president directly owned 90,667 shares of the company’s stock, valued at approximately $2,367,315.37. This trade represents a 10.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 303,840 shares of company stock worth $8,522,010 in the last three months. 1.30% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of research firms have recently commented on ZIM. Barclays increased their target price on ZIM Integrated Shipping Services from $17.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday. Zacks Research raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.83.
Read Our Latest Stock Report on ZIM Integrated Shipping Services
About ZIM Integrated Shipping Services
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.
Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.
Featured Stories
- Five stocks we like better than ZIM Integrated Shipping Services
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
Want to see what other hedge funds are holding ZIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Free Report).
Receive News & Ratings for ZIM Integrated Shipping Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZIM Integrated Shipping Services and related companies with MarketBeat.com's FREE daily email newsletter.
