Headlands Technologies LLC Takes Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Headlands Technologies LLC acquired a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,258 shares of the company’s stock, valued at approximately $121,000.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of ZIM Integrated Shipping Services by 1,204.6% during the 4th quarter. International Assets Investment Management LLC now owns 173,712 shares of the company’s stock worth $17,600,000 after buying an additional 160,397 shares during the period. Global Retirement Partners LLC boosted its position in shares of ZIM Integrated Shipping Services by 17.3% in the fourth quarter. Global Retirement Partners LLC now owns 45,493 shares of the company’s stock valued at $449,000 after acquiring an additional 6,712 shares during the period. Blue Trust Inc. grew its stake in shares of ZIM Integrated Shipping Services by 604.3% in the fourth quarter. Blue Trust Inc. now owns 4,296 shares of the company’s stock worth $45,000 after acquiring an additional 3,686 shares during the last quarter. Clear Harbor Asset Management LLC increased its position in ZIM Integrated Shipping Services by 100.6% during the fourth quarter. Clear Harbor Asset Management LLC now owns 138,475 shares of the company’s stock worth $1,367,000 after acquiring an additional 69,445 shares during the period. Finally, SG Americas Securities LLC acquired a new position in ZIM Integrated Shipping Services during the 4th quarter valued at $518,000. 21.42% of the stock is currently owned by institutional investors.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM Integrated Shipping Services stock opened at $13.08 on Tuesday. ZIM Integrated Shipping Services Ltd. has a twelve month low of $6.39 and a twelve month high of $17.97. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.95 and a current ratio of 1.02. The firm has a market cap of $1.57 billion, a P/E ratio of -0.58 and a beta of 1.84. The firm’s 50-day simple moving average is $10.89 and its 200-day simple moving average is $10.40.

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 expect that ZIM Integrated Shipping Services Ltd. will post -0.25 EPS for the current fiscal year.

Analyst Ratings Changes

ZIM has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. Bank of America lowered their price target on ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating on the stock in a research note on Tuesday, March 19th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $20.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, ZIM Integrated Shipping Services presently has an average rating of “Hold” and a consensus price target of $10.51.

About ZIM Integrated Shipping Services

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.