Chesapeake Capital Corp IL Sells 698 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Chesapeake Capital Corp IL decreased its holdings in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,451 shares of the company’s stock after selling 698 shares during the period. Chesapeake Capital Corp IL’s holdings in ZIM Integrated Shipping Services were worth $399,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Renaissance Technologies LLC lifted its stake in ZIM Integrated Shipping Services by 479.9% in the second quarter. Renaissance Technologies LLC now owns 2,635,500 shares of the company’s stock worth $58,429,000 after purchasing an additional 2,181,000 shares during the last quarter. Marshall Wace LLP raised its stake in shares of ZIM Integrated Shipping Services by 638.6% during the second quarter. Marshall Wace LLP now owns 2,397,311 shares of the company’s stock valued at $53,148,000 after acquiring an additional 2,072,715 shares in the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of ZIM Integrated Shipping Services during the second quarter valued at approximately $14,383,000. International Assets Investment Management LLC raised its stake in shares of ZIM Integrated Shipping Services by 2,228.7% during the third quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock valued at $10,337,000 after acquiring an additional 385,562 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in ZIM Integrated Shipping Services by 306.7% during the second quarter. Millennium Management LLC now owns 425,795 shares of the company’s stock valued at $9,440,000 after buying an additional 321,100 shares during the period. Institutional investors own 21.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ZIM shares. JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.50 price objective on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Jefferies Financial Group lowered shares of ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a report on Wednesday, October 2nd. Bank of America lifted their price target on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. Finally, Barclays lifted their price objective on shares of ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of “Reduce” and a consensus target price of $15.22.

ZIM Integrated Shipping Services Price Performance

NYSE ZIM opened at $26.10 on Monday. The company has a fifty day moving average of $21.97 and a 200 day moving average of $20.13. ZIM Integrated Shipping Services Ltd. has a 1 year low of $6.39 and a 1 year high of $27.48. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.97 and a current ratio of 1.04.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Monday, August 19th. The company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $1.01. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.71 billion. ZIM Integrated Shipping Services had a negative net margin of 32.81% and a positive return on equity of 2.89%. During the same quarter in the prior year, the firm posted ($1.37) earnings per share. On average, research analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 12.11 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Profile

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.