FNY Investment Advisers LLC Lowers Position in ZIM Integrated Shipping Services Ltd. $ZIM

FNY Investment Advisers LLC lessened its position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 12.6% in the second quarter, HoldingsChannel reports. The firm owned 130,400 shares of the company’s stock after selling 18,800 shares during the quarter. ZIM Integrated Shipping Services accounts for approximately 0.9% of FNY Investment Advisers LLC’s holdings, making the stock its 24th biggest holding. FNY Investment Advisers LLC’s holdings in ZIM Integrated Shipping Services were worth $2,098,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZIM. Janney Montgomery Scott LLC raised its stake in ZIM Integrated Shipping Services by 13.8% during the first quarter. Janney Montgomery Scott LLC now owns 53,658 shares of the company’s stock valued at $783,000 after buying an additional 6,519 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in ZIM Integrated Shipping Services during the first quarter valued at about $8,112,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of ZIM Integrated Shipping Services by 7.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 97,812 shares of the company’s stock worth $1,427,000 after buying an additional 6,873 shares in the last quarter. American Century Companies Inc. lifted its position in shares of ZIM Integrated Shipping Services by 19.1% in the first quarter. American Century Companies Inc. now owns 2,280,289 shares of the company’s stock worth $33,269,000 after buying an additional 366,205 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new stake in shares of ZIM Integrated Shipping Services in the first quarter worth about $457,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ZIM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a research report on Wednesday, October 8th. Citigroup reiterated a “sell” rating on shares of ZIM Integrated Shipping Services in a research report on Monday, August 11th. Barclays decreased their target price on ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating on the stock in a research report on Thursday, August 28th. Wall Street Zen downgraded ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. boosted their target price on ZIM Integrated Shipping Services from $9.80 to $10.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 30th. Three research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, ZIM Integrated Shipping Services has an average rating of “Strong Sell” and an average target price of $14.62.

ZIM Integrated Shipping Services Trading Up 1.6%

ZIM opened at $13.64 on Wednesday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 0.82 and a beta of 1.72. The stock’s 50 day moving average price is $14.11 and its 200-day moving average price is $15.25. ZIM Integrated Shipping Services Ltd. has a one year low of $11.03 and a one year high of $30.15. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.11 and a current ratio of 1.20.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Wednesday, August 20th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($1.31). The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.84 billion. ZIM Integrated Shipping Services had a net margin of 23.37% and a return on equity of 50.61%. On average, equities analysts forecast that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.8%. ZIM Integrated Shipping Services’s dividend payout ratio is currently 1.44%.

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.