Sierra Summit Advisors LLC Acquires New Shares in ZIM Integrated Shipping Services Ltd. $ZIM

Sierra Summit Advisors LLC bought a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 63,002 shares of the company’s stock, valued at approximately $854,000.

Several other large investors have also modified their holdings of the business. Arrowstreet Capital Limited Partnership lifted its stake in ZIM Integrated Shipping Services by 134.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,368,287 shares of the company’s stock worth $70,286,000 after acquiring an additional 2,508,432 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of ZIM Integrated Shipping Services by 29,305.7% during the second quarter. BNP Paribas Financial Markets now owns 1,310,614 shares of the company’s stock worth $21,088,000 after purchasing an additional 1,306,157 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. boosted its stake in shares of ZIM Integrated Shipping Services by 96.7% in the third quarter. Yelin Lapidot Holdings Management Ltd. now owns 2,422,986 shares of the company’s stock valued at $32,831,000 after purchasing an additional 1,191,480 shares during the period. Jump Financial LLC grew its holdings in shares of ZIM Integrated Shipping Services by 204.0% in the second quarter. Jump Financial LLC now owns 1,536,092 shares of the company’s stock valued at $24,716,000 after purchasing an additional 1,030,817 shares in the last quarter. Finally, Sparta 24 Ltd. purchased a new stake in ZIM Integrated Shipping Services during the 3rd quarter worth approximately $12,879,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Up 0.1%

ZIM opened at $28.90 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.22 and a current ratio of 1.30. ZIM Integrated Shipping Services Ltd. has a one year low of $11.03 and a one year high of $29.97. The company has a market cap of $3.48 billion, a P/E ratio of 3.47 and a beta of 1.56. The business’s 50-day simple moving average is $23.05 and its 200-day simple moving average is $18.21.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZIM. JPMorgan Chase & Co. decreased their price target on shares of ZIM Integrated Shipping Services from $9.70 to $8.70 and set an “underweight” rating for the company in a research report on Monday, December 1st. Jefferies Financial Group boosted their target price on ZIM Integrated Shipping Services from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Monday, December 8th. UBS Group set a $9.70 price target on ZIM Integrated Shipping Services in a report on Monday, November 24th. Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Finally, Citigroup raised ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $11.50 to $31.80 in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.21.

About ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.