GABELLI & Co INVESTMENT ADVISERS INC. Takes Position in ZIM Integrated Shipping Services Ltd. $ZIM

GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 27,650 shares of the company’s stock, valued at approximately $729,000.

A number of other institutional investors have also made changes to their positions in ZIM. Hoey Investments Inc. bought a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at about $25,000. Lodestone Wealth Management LLC bought a new position in ZIM Integrated Shipping Services during the fourth quarter worth about $29,000. Huntington National Bank boosted its holdings in ZIM Integrated Shipping Services by 200,000.0% during the fourth quarter. Huntington National Bank now owns 2,001 shares of the company’s stock worth $42,000 after buying an additional 2,000 shares during the last quarter. Assetmark Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the 1st quarter worth about $59,000. Finally, Quarry LP acquired a new position in shares of ZIM Integrated Shipping Services during the 3rd quarter worth about $34,000. 21.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZIM has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research note on Friday, June 5th. Zacks Research upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Barclays upped their target price on shares of ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the company an “underweight” rating in a research note on Tuesday, June 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $19.33.

Insider Transactions at ZIM Integrated Shipping Services

In other ZIM Integrated Shipping Services news, EVP Saar Dotan sold 11,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $26.11, for a total transaction of $287,210.00. Following the sale, the executive vice president directly owned 90,667 shares in the company, valued at approximately $2,367,315.37. This trade represents a 10.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 61,000 shares of company stock worth $1,537,310. 1.30% of the stock is currently owned by corporate insiders.

ZIM Integrated Shipping Services Stock Down 2.7%

NYSE:ZIM opened at $24.89 on Friday. ZIM Integrated Shipping Services Ltd. has a 1 year low of $12.33 and a 1 year high of $29.97. The stock has a 50-day moving average price of $24.98 and a two-hundred day moving average price of $25.23. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 30.73 and a beta of 1.19. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly 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). ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%.The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.48 billion. As a group, equities analysts expect that ZIM Integrated Shipping Services Ltd. will post 3.15 earnings per share for the current year.

ZIM Integrated Shipping Services Company 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.