26,719 Shares in ZIM Integrated Shipping Services Ltd. $ZIM Bought by Mangrove Partners IM LLC

Mangrove Partners IM LLC bought a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 26,719 shares of the company’s stock, valued at approximately $567,000.

A number of other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of ZIM Integrated Shipping Services by 20.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,720,986 shares of the company’s stock valued at $68,879,000 after purchasing an additional 788,514 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of ZIM Integrated Shipping Services in the fourth quarter worth approximately $89,845,000. Y.D. More Investments Ltd lifted its stake in shares of ZIM Integrated Shipping Services by 378,174.5% in the fourth quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock worth $80,308,000 after buying an additional 3,781,745 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. lifted its stake in shares of ZIM Integrated Shipping Services by 34.1% in the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 3,248,834 shares of the company’s stock worth $68,973,000 after buying an additional 825,848 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of ZIM Integrated Shipping Services by 13.5% during the third quarter. American Century Companies Inc. now owns 2,986,637 shares of the company’s stock valued at $40,469,000 after purchasing an additional 354,538 shares during the last quarter. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ZIM Integrated Shipping Services

In other news, EVP Saar Dotan sold 20,000 shares of ZIM Integrated Shipping Services stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $24.63, for a total transaction of $492,600.00. Following the completion of the transaction, the executive vice president directly owned 131,667 shares of the company’s stock, valued at $3,242,958.21. The trade was a 13.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 61,000 shares of company stock worth $1,537,310. 1.30% of the stock is owned by insiders.

ZIM Integrated Shipping Services Stock Down 1.9%

NYSE:ZIM opened at $24.44 on Wednesday. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $12.33 and a fifty-two week high of $29.97. The stock has a market capitalization of $2.94 billion, a P/E ratio of 30.17 and a beta of 1.20. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.19. The company’s 50-day simple moving average is $25.84 and its 200-day simple moving average is $24.36.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Thursday, May 21st. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.50). The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.48 billion. ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%. On average, equities analysts anticipate that ZIM Integrated Shipping Services Ltd. will post -7.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays upped their target price on shares of ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a report on Monday, March 16th. Citigroup raised shares of ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $11.50 to $31.80 in a research note on Thursday, February 19th. 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. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.83.

ZIM Integrated Shipping Services 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.