Y Intercept Hong Kong Ltd Has $5.28 Million Position in ZIM Integrated Shipping Services Ltd. $ZIM

Y Intercept Hong Kong Ltd increased its holdings in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 262.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 328,041 shares of the company’s stock after acquiring an additional 237,506 shares during the period. Y Intercept Hong Kong Ltd owned about 0.27% of ZIM Integrated Shipping Services worth $5,278,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ZIM. New York State Common Retirement Fund acquired a new stake in shares of ZIM Integrated Shipping Services during the 1st quarter valued at about $30,000. Caitong International Asset Management Co. Ltd boosted its position in shares of ZIM Integrated Shipping Services by 2,256.7% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 5,114 shares of the company’s stock valued at $82,000 after acquiring an additional 4,897 shares in the last quarter. TD Asset Management Inc bought a new position in ZIM Integrated Shipping Services during the 1st quarter valued at about $155,000. Vontobel Holding Ltd. bought a new position in ZIM Integrated Shipping Services during the 1st quarter valued at about $161,000. Finally, U.S. Capital Wealth Advisors LLC bought a new position in ZIM Integrated Shipping Services during the 2nd quarter valued at about $161,000. 21.42% of the stock is currently owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Trading Up 4.8%

Shares of NYSE ZIM opened at $14.39 on Tuesday. ZIM Integrated Shipping Services Ltd. has a 1-year low of $11.03 and a 1-year high of $30.15. The company has a market cap of $1.73 billion, a PE ratio of 0.86 and a beta of 1.72. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average of $13.89 and a two-hundred day moving average of $15.31.

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

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.06 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.7%. ZIM Integrated Shipping Services’s payout ratio is currently 1.44%.

Analyst Ratings Changes

ZIM has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of ZIM Integrated Shipping Services in a report on Wednesday, October 8th. Jefferies Financial Group reissued a “hold” rating and set a $17.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, August 20th. Barclays cut their price target on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an “underweight” rating for the company in a report on Thursday, August 28th. Citigroup reissued a “sell” rating on shares of ZIM Integrated Shipping Services in a report on Monday, August 11th. Finally, Wall Street Zen downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. Three research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, ZIM Integrated Shipping Services has a consensus rating of “Strong Sell” and an average target price of $14.62.

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.