Headlands Technologies LLC Purchases New Holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Headlands Technologies LLC acquired a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the fourth quarter, HoldingsChannel reports. The firm acquired 12,258 shares of the company’s stock, valued at approximately $121,000.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in ZIM Integrated Shipping Services by 1,204.6% during the fourth quarter. International Assets Investment Management LLC now owns 173,712 shares of the company’s stock worth $17,600,000 after buying an additional 160,397 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of ZIM Integrated Shipping Services by 12.4% during the 3rd quarter. American Century Companies Inc. now owns 898,491 shares of the company’s stock worth $9,389,000 after acquiring an additional 99,477 shares during the last quarter. Clear Harbor Asset Management LLC raised its stake in ZIM Integrated Shipping Services by 100.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 138,475 shares of the company’s stock valued at $1,367,000 after acquiring an additional 69,445 shares during the period. SG Americas Securities LLC acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter valued at $518,000. Finally, Hsbc Holdings PLC lifted its holdings in ZIM Integrated Shipping Services by 346.2% during the 3rd quarter. Hsbc Holdings PLC now owns 55,779 shares of the company’s stock valued at $586,000 after purchasing an additional 43,277 shares during the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ZIM. Bank of America dropped 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. JPMorgan Chase & Co. lowered their price target on shares of ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating on the stock in a report on Friday, March 22nd. Finally, Jefferies Financial Group restated a “buy” rating and set a $20.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, ZIM Integrated Shipping Services currently has an average rating of “Hold” and an average target price of $10.51.

ZIM Integrated Shipping Services Price Performance

NYSE:ZIM opened at $13.08 on Tuesday. ZIM Integrated Shipping Services Ltd. has a 52 week low of $6.39 and a 52 week high of $17.97. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.95 and a current ratio of 1.02. The firm’s 50-day simple moving average is $10.89 and its 200 day simple moving average is $10.40. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -0.58 and a beta of 1.84.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Wednesday, March 13th. The company reported ($1.23) EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.23 billion. As a group, sell-side analysts predict that ZIM Integrated Shipping Services Ltd. will post -0.25 earnings per share for the current year.

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.