Sigma Planning Corp Has $928,000 Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Sigma Planning Corp lifted its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 15.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 43,232 shares of the company’s stock after buying an additional 5,664 shares during the quarter. Sigma Planning Corp’s holdings in ZIM Integrated Shipping Services were worth $928,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in ZIM Integrated Shipping Services by 59.4% in the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock valued at $46,482,000 after buying an additional 674,723 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of ZIM Integrated Shipping Services by 39.5% during the fourth quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company’s stock worth $29,823,000 after acquiring an additional 393,215 shares during the period. International Assets Investment Management LLC raised its holdings in shares of ZIM Integrated Shipping Services by 2,228.7% during the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock worth $10,337,000 after acquiring an additional 385,562 shares during the period. Quantbot Technologies LP lifted its position in ZIM Integrated Shipping Services by 9,573.0% in the 3rd quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock valued at $9,506,000 after acquiring an additional 366,647 shares in the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in ZIM Integrated Shipping Services in the 4th quarter worth $5,509,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ZIM. Fearnley Fonds downgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Jefferies Financial Group dropped their target price 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 reduced their price target on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Finally, Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Five equities research 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 stock. According to MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of “Hold” and an average price target of $15.04.

ZIM Integrated Shipping Services Stock Performance

ZIM opened at $22.22 on Wednesday. The business’s 50-day simple moving average is $19.39 and its 200 day simple moving average is $20.62. ZIM Integrated Shipping Services Ltd. has a 52-week low of $9.08 and a 52-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 firm has a market capitalization of $2.68 billion, a PE ratio of 1.86, a PEG ratio of 0.27 and a beta of 1.74.

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.