U S Global Investors Inc. Acquires Shares of 16,082 ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

U S Global Investors Inc. bought a new position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,082 shares of the company’s stock, valued at approximately $345,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Van ECK Associates Corp raised its stake in ZIM Integrated Shipping Services by 1.6% during the third quarter. Van ECK Associates Corp now owns 38,079 shares of the company’s stock worth $977,000 after acquiring an additional 591 shares in the last quarter. Janney Montgomery Scott LLC increased its position in ZIM Integrated Shipping Services by 2.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 44,292 shares of the company’s stock worth $1,137,000 after purchasing an additional 915 shares in the last quarter. Olympiad Research LP lifted its stake in ZIM Integrated Shipping Services by 12.9% in the 3rd quarter. Olympiad Research LP now owns 10,588 shares of the company’s stock valued at $272,000 after purchasing an additional 1,212 shares during the last quarter. Truist Financial Corp lifted its stake in ZIM Integrated Shipping Services by 10.2% in the 4th quarter. Truist Financial Corp now owns 14,804 shares of the company’s stock valued at $318,000 after purchasing an additional 1,376 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC grew its stake in shares of ZIM Integrated Shipping Services by 126.7% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,400 shares of the company’s stock worth $87,000 after buying an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ZIM shares. Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Jefferies Financial Group lowered their price objective on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday, December 17th. Barclays decreased their target price on ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Finally, Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ZIM Integrated Shipping Services currently has an average rating of “Hold” and an average price target of $15.04.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM Integrated Shipping Services stock opened at $20.31 on Friday. The business’s fifty day simple moving average is $19.50 and its 200 day simple moving average is $20.63. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services Ltd. has a 12 month low of $9.08 and a 12 month high of $30.15. The firm has a market capitalization of $2.45 billion, a P/E ratio of 1.70, a price-to-earnings-growth ratio of 0.27 and a beta of 1.74.

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.