Sigma Planning Corp Has $100,000 Stock Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Sigma Planning Corp cut its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 48.7% in the fourth quarter, HoldingsChannel reports. The firm owned 10,152 shares of the company’s stock after selling 9,644 shares during the period. Sigma Planning Corp’s holdings in ZIM Integrated Shipping Services were worth $100,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of ZIM Integrated Shipping Services by 83.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 38,920 shares of the company’s stock valued at $407,000 after acquiring an additional 17,675 shares during the last quarter. Raymond James & Associates lifted its stake in shares of ZIM Integrated Shipping Services by 164.8% in the third quarter. Raymond James & Associates now owns 26,508 shares of the company’s stock worth $277,000 after buying an additional 16,499 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of ZIM Integrated Shipping Services by 24.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 65,890 shares of the company’s stock worth $689,000 after buying an additional 12,808 shares during the period. GW Henssler & Associates Ltd. bought a new position in ZIM Integrated Shipping Services in the 3rd quarter worth $173,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in ZIM Integrated Shipping Services by 27.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,852 shares of the company’s stock valued at $239,000 after acquiring an additional 4,894 shares during the period. 21.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on ZIM shares. JPMorgan Chase & Co. decreased their target price on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Bank of America cut their target price on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating for the company in a research note on Tuesday, March 19th. Finally, Jefferies Financial Group restated a “buy” rating and set a $20.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.51.

ZIM Integrated Shipping Services Price Performance

NYSE:ZIM opened at $13.08 on Tuesday. The company has a 50-day moving average of $10.89 and a 200-day moving average of $10.40. 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 quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 1.35.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings data on Wednesday, March 13th. The company reported ($1.23) earnings per share for the quarter, beating the consensus estimate of ($1.33) by $0.10. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. ZIM Integrated Shipping Services had a negative return on equity of 16.29% and a negative net margin of 52.22%. As a group, research analysts forecast that ZIM Integrated Shipping Services Ltd. will post -0.25 EPS for the current fiscal 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.