Quantbot Technologies LP Decreases Holdings in ZIM Integrated Shipping Services Ltd. $ZIM

Quantbot Technologies LP lowered its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 22.4% during the third quarter, HoldingsChannel.com reports. The fund owned 243,524 shares of the company’s stock after selling 70,316 shares during the quarter. Quantbot Technologies LP’s holdings in ZIM Integrated Shipping Services were worth $3,300,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in ZIM Integrated Shipping Services during the second quarter worth $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of ZIM Integrated Shipping Services in the second quarter valued at $37,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth $49,000. Allworth Financial LP boosted its position in shares of ZIM Integrated Shipping Services by 230.6% in the 2nd quarter. Allworth Financial LP now owns 3,637 shares of the company’s stock worth $59,000 after buying an additional 2,537 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in ZIM Integrated Shipping Services by 124.0% in the 3rd quarter. New York State Common Retirement Fund now owns 4,616 shares of the company’s stock valued at $63,000 after acquiring an additional 2,555 shares during the last quarter. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Performance

NYSE ZIM opened at $28.80 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.30 and a quick ratio of 1.22. ZIM Integrated Shipping Services Ltd. has a 1-year low of $11.03 and a 1-year high of $29.97. The business’s 50-day simple moving average is $23.23 and its 200-day simple moving average is $18.29. The firm has a market capitalization of $3.47 billion, a P/E ratio of 3.46 and a beta of 1.56.

Analyst Ratings Changes

A number of brokerages have issued reports on ZIM. Weiss Ratings upgraded shares of ZIM Integrated Shipping Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. UBS Group set a $9.70 price objective on ZIM Integrated Shipping Services in a research report on Monday, November 24th. Fearnley Fonds upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. lowered their target price on shares of ZIM Integrated Shipping Services from $9.70 to $8.70 and set an “underweight” rating for the company in a research note on Monday, December 1st. Finally, Citigroup raised ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and increased their price target for the stock from $11.50 to $31.80 in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of “Hold” and an average price target of $17.21.

ZIM Integrated Shipping Services Company Profile

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.