FNY Investment Advisers LLC Reduces Stock Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

FNY Investment Advisers LLC trimmed its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIMFree Report) by 77.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,600 shares of the company’s stock after selling 25,800 shares during the quarter. FNY Investment Advisers LLC’s holdings in ZIM Integrated Shipping Services were worth $163,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in ZIM Integrated Shipping Services by 59.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock worth $46,482,000 after buying an additional 674,723 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of ZIM Integrated Shipping Services by 2,228.7% in the 3rd quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock valued at $10,337,000 after acquiring an additional 385,562 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of ZIM Integrated Shipping Services in the third quarter worth $2,612,000. Blueshift Asset Management LLC purchased a new position in shares of ZIM Integrated Shipping Services during the third quarter worth $620,000. Finally, Quantbot Technologies LP lifted its position in ZIM Integrated Shipping Services by 9,573.0% during the third quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock valued at $9,506,000 after purchasing an additional 366,647 shares during the period. Institutional investors and hedge funds own 21.42% of the company’s stock.

Wall Street Analyst Weigh In

ZIM has been the topic of several analyst reports. 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. Barclays dropped their target price on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Fearnley Fonds downgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Finally, Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.04.

Check Out Our Latest Report on ZIM

ZIM Integrated Shipping Services Price Performance

Shares of ZIM Integrated Shipping Services stock opened at $18.08 on Wednesday. The firm has a market cap of $2.18 billion, a PE ratio of 1.51, a P/E/G ratio of 0.04 and a beta of 1.77. ZIM Integrated Shipping Services Ltd. has a twelve month low of $9.08 and a twelve month high of $30.15. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The business has a 50-day moving average price of $21.73 and a 200 day moving average price of $20.72.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $2.81 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. This represents a $11.24 dividend on an annualized basis and a dividend yield of 62.17%. ZIM Integrated Shipping Services’s payout ratio is 9.72%.

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.

See Also

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Institutional Ownership by Quarter for ZIM Integrated Shipping Services (NYSE:ZIM)

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