Sigma Planning Corp Purchases 5,664 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Sigma Planning Corp boosted its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 15.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,232 shares of the company’s stock after purchasing an additional 5,664 shares during the period. Sigma Planning Corp’s holdings in ZIM Integrated Shipping Services were worth $928,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ZIM. American Capital Advisory LLC bought a new position in shares of ZIM Integrated Shipping Services in the third quarter valued at approximately $69,000. Sunbelt Securities Inc. acquired a new stake in ZIM Integrated Shipping Services during the 3rd quarter valued at $71,000. Farther Finance Advisors LLC raised its position in ZIM Integrated Shipping Services by 467.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,974 shares of the company’s stock valued at $76,000 after purchasing an additional 2,450 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its position in ZIM Integrated Shipping Services by 126.7% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company’s stock valued at $87,000 after purchasing an additional 1,900 shares during the last quarter. Finally, R Squared Ltd acquired a new position in ZIM Integrated Shipping Services in the fourth quarter worth $88,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ZIM. Barclays lowered their target price on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Finally, Jefferies Financial Group decreased their price target on shares of ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, December 17th. Five research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.04.

ZIM Integrated Shipping Services Stock Performance

ZIM Integrated Shipping Services stock opened at $22.22 on Wednesday. The company has a market cap of $2.68 billion, a PE ratio of 1.86, a PEG ratio of 0.27 and a beta of 1.74. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services Ltd. has a 1 year low of $9.08 and a 1 year high of $30.15. The company’s 50-day moving average is $19.39 and its two-hundred day moving average is $20.62.

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.