Raymond James Financial Services Advisors Inc. Cuts Stock Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Raymond James Financial Services Advisors Inc. decreased its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,826 shares of the company’s stock after selling 4,064 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.05% of ZIM Integrated Shipping Services worth $610,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PDT Partners LLC increased its stake in ZIM Integrated Shipping Services by 4.2% in the 1st quarter. PDT Partners LLC now owns 5,000 shares of the company’s stock valued at $364,000 after buying an additional 200 shares during the last quarter. Equitable Holdings Inc. increased its position in shares of ZIM Integrated Shipping Services by 5.7% during the first quarter. Equitable Holdings Inc. now owns 7,166 shares of the company’s stock valued at $521,000 after acquiring an additional 385 shares during the last quarter. Harbour Investments Inc. lifted its holdings in ZIM Integrated Shipping Services by 100.6% during the first quarter. Harbour Investments Inc. now owns 1,396 shares of the company’s stock worth $33,000 after acquiring an additional 700 shares during the period. Walleye Capital LLC boosted its position in ZIM Integrated Shipping Services by 5.9% in the second quarter. Walleye Capital LLC now owns 14,639 shares of the company’s stock worth $691,000 after purchasing an additional 814 shares during the last quarter. Finally, American International Group Inc. grew its stake in ZIM Integrated Shipping Services by 5.1% in the 4th quarter. American International Group Inc. now owns 16,805 shares of the company’s stock valued at $289,000 after purchasing an additional 817 shares during the period. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Wall Street Analyst Weigh In

ZIM has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $20.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 13th. Bank of America lowered their price objective on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating on the stock in a research report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. reduced their target price on shares of ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating for the company in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.51.

ZIM Integrated Shipping Services Trading Up 1.4 %

Shares of ZIM opened at $10.22 on Thursday. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $6.39 and a fifty-two week high of $21.88. The business has a 50-day moving average of $11.01 and a 200 day moving average of $10.29. The firm has a market cap of $1.23 billion, a P/E ratio of -0.46 and a beta of 1.84. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.95 and a current ratio of 1.02.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its earnings results on Wednesday, March 13th. The company reported ($1.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.33) by $0.10. ZIM Integrated Shipping Services had a negative net margin of 52.22% and a negative return on equity of 16.29%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. As a group, research analysts forecast that ZIM Integrated Shipping Services Ltd. will post 0.33 EPS for the current year.

ZIM Integrated Shipping Services 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.