Y Intercept Hong Kong Ltd Decreases Stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Y Intercept Hong Kong Ltd lowered its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 1.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 100,735 shares of the company’s stock after selling 1,057 shares during the period. Y Intercept Hong Kong Ltd’s holdings in ZIM Integrated Shipping Services were worth $2,163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ZIM. American Capital Advisory LLC purchased a new position in shares of ZIM Integrated Shipping Services during the third quarter worth $69,000. Sunbelt Securities Inc. purchased a new position in shares of ZIM Integrated Shipping Services during the third quarter worth $71,000. Farther Finance Advisors LLC raised its holdings in shares of ZIM Integrated Shipping Services by 467.6% during the third quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company’s stock worth $76,000 after purchasing an additional 2,450 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its holdings in shares of ZIM Integrated Shipping Services by 126.7% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company’s stock worth $87,000 after purchasing an additional 1,900 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of ZIM Integrated Shipping Services during the fourth quarter worth $88,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Barclays reduced their target price on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group cut their price objective on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday, December 17th. Five 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 company currently has a consensus rating of “Hold” and a consensus price target of $15.04.

ZIM Integrated Shipping Services Stock Up 4.7 %

ZIM opened at $21.89 on Tuesday. 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 quick ratio of 1.26 and a current ratio of 1.33. The company has a fifty day moving average of $19.31 and a two-hundred day moving average of $20.60. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 1.83, a PEG ratio of 0.27 and a beta of 1.74.

About ZIM Integrated Shipping Services

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.