Fifth Lane Capital LP Makes New $542,000 Investment in ZIM Integrated Shipping Services Ltd. $ZIM

Fifth Lane Capital LP bought a new stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the third quarter, HoldingsChannel reports. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $542,000.

Several other hedge funds have also recently bought and sold shares of ZIM. R Squared Ltd boosted its position in shares of ZIM Integrated Shipping Services by 190.8% in the 3rd quarter. R Squared Ltd now owns 30,966 shares of the company’s stock worth $420,000 after buying an additional 20,319 shares in the last quarter. Total Clarity Wealth Management Inc. boosted its stake in shares of ZIM Integrated Shipping Services by 62.5% during the third quarter. Total Clarity Wealth Management Inc. now owns 17,594 shares of the company’s stock valued at $238,000 after acquiring an additional 6,764 shares during the last quarter. Fox Run Management L.L.C. increased its position in ZIM Integrated Shipping Services by 33.7% during the 3rd quarter. Fox Run Management L.L.C. now owns 59,683 shares of the company’s stock worth $809,000 after purchasing an additional 15,029 shares in the last quarter. TD Asset Management Inc increased its position in ZIM Integrated Shipping Services by 15.1% during the 3rd quarter. TD Asset Management Inc now owns 16,000 shares of the company’s stock worth $217,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC raised its stake in ZIM Integrated Shipping Services by 40.8% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 36,412 shares of the company’s stock valued at $493,000 after purchasing an additional 10,559 shares during the last quarter. 21.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ZIM shares. Citigroup raised shares of ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and raised their price target for the stock from $11.50 to $31.80 in a research note on Thursday, February 19th. Jefferies Financial Group upped their price objective on shares of ZIM Integrated Shipping Services from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Monday, December 8th. Weiss Ratings raised shares of ZIM Integrated Shipping Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded ZIM Integrated Shipping Services from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Finally, Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.21.

ZIM Integrated Shipping Services Stock Down 1.1%

Shares of ZIM opened at $28.89 on Friday. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $11.03 and a fifty-two week high of $29.97. The company’s fifty day moving average is $22.86 and its two-hundred day moving average is $18.12. The firm has a market cap of $3.48 billion, a PE ratio of 3.47 and a beta of 1.70. The company has a quick ratio of 1.22, a current ratio of 1.30 and a debt-to-equity ratio of 1.12.

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.