Aigen Investment Management LP Sells 55,835 Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Aigen Investment Management LP decreased its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 77.8% in the 4th quarter, HoldingsChannel reports. The fund owned 15,975 shares of the company’s stock after selling 55,835 shares during the period. Aigen Investment Management LP’s holdings in ZIM Integrated Shipping Services were worth $343,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at approximately $1,294,000. U S Global Investors Inc. purchased a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at approximately $345,000. Sigma Planning Corp boosted its position in shares of ZIM Integrated Shipping Services by 15.1% during the fourth quarter. Sigma Planning Corp now owns 43,232 shares of the company’s stock valued at $928,000 after buying an additional 5,664 shares during the last quarter. Navellier & Associates Inc. purchased a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at approximately $1,787,000. Finally, Allianz Asset Management GmbH boosted its position in shares of ZIM Integrated Shipping Services by 39.5% during the fourth quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company’s stock valued at $29,823,000 after buying an additional 393,215 shares during the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Up 4.8 %

Shares of NYSE ZIM opened at $20.72 on Friday. ZIM Integrated Shipping Services Ltd. has a one year low of $9.08 and a one year high of $30.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. The business’s fifty day moving average price is $19.37 and its 200-day moving average price is $20.63. The stock has a market capitalization of $2.49 billion, a PE ratio of 1.74, a P/E/G ratio of 0.27 and a beta of 1.70.

Analyst Ratings Changes

Several research analysts recently issued reports on ZIM shares. Barclays cut their target price on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Jefferies Financial Group cut their price objective on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research report on Tuesday, December 17th. Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. cut their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research report on Friday. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, ZIM Integrated Shipping Services currently has an average rating of “Hold” and an average target price of $14.84.

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.