Polar Asset Management Partners Inc. Purchases Shares of 30,000 ZIM Integrated Shipping Services Ltd. $ZIM

Polar Asset Management Partners Inc. purchased a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,000 shares of the company’s stock, valued at approximately $790,000.

Other hedge funds have also recently made changes to their positions in the company. Hoey Investments Inc. purchased a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter valued at $25,000. Lodestone Wealth Management LLC purchased a new position in ZIM Integrated Shipping Services in the 4th quarter worth $29,000. Quarry LP bought a new stake in ZIM Integrated Shipping Services in the third quarter worth $34,000. Huntington National Bank lifted its stake in ZIM Integrated Shipping Services by 200,000.0% in the fourth quarter. Huntington National Bank now owns 2,001 shares of the company’s stock worth $42,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in ZIM Integrated Shipping Services by 158.8% during the third quarter. Larson Financial Group LLC now owns 3,256 shares of the company’s stock valued at $44,000 after buying an additional 1,998 shares during the period. 21.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Zacks Research raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. raised their price target on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, June 30th. Barclays lifted their price target on ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.33.

Insider Transactions at ZIM Integrated Shipping Services

In other ZIM Integrated Shipping Services news, EVP Saar Dotan sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was 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 owned 131,667 shares of the company’s stock, valued at $3,242,958.21. This represents a 13.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders sold 61,000 shares of company stock worth $1,537,310. 1.30% of the stock is owned by insiders.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM Integrated Shipping Services stock opened at $24.59 on Tuesday. The company’s fifty day simple moving average is $24.95 and its two-hundred day simple moving average is $25.27. ZIM Integrated Shipping Services Ltd. has a 12-month low of $12.33 and a 12-month high of $29.97. The firm has a market cap of $2.96 billion, a PE ratio of 30.36 and a beta of 1.19. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.14.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Thursday, May 21st. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.50). The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.48 billion. ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. As a group, equities analysts expect that ZIM Integrated Shipping Services Ltd. will post 3.15 EPS for the current year.

About ZIM Integrated Shipping Services

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.