According to the most recent filing that Dubuque Bank & Trust Co. made with the Securities and Exchange Commission, during the third quarter of 2018, the company increased its holdings in ZIM Integrated Shipping Services Ltd. (NYSE: ZIM). The investment fund spent close to $213,000 to purchase 9,052 shares of stock in the company.
Alterations have also been made to the percentage of ZIM shares owned by several additional institutional investors and hedge funds. The Northwestern Mutual Wealth Management Company spent $28,000 during the second quarter to acquire additional ZIM Integrated Shipping Services shares. This was done as part of the company’s investment strategy. Exchange Traded Concepts LLC increased its ownership in ZIM Integrated Shipping Services from 92.6% to 100% during the third quarter due to an acquisition of 92.6% of the company’s shares. Exchange Traded Concepts LLC has increased its total number of holdings in the company to 1,406 shares, bringing the total value of those holdings to $33,000. Since the beginning of this quarter, the company has acquired an additional 676 shares. During the third quarter, FNY Investment Advisers LLC increased its holding in ZIM Integrated Shipping Services by investing approximately $35,000. Private Trust Co. NA increased its stake in ZIM Integrated Shipping Services by purchasing additional shares during the second quarter. This brought the total value of the company’s investment in the business to approximately $56,000.
Last but not least, during the second quarter, Focused Wealth Management Inc. spent close to $71,000 to acquire a new position in ZIM Integrated Shipping Services. This was the company’s first investment in the company. To the tune of 36.74% of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.
Recently, several equity analysts have published research articles based on investigations that they have carried out on the company. Goldman Sachs Group decreased their price target for ZIM Integrated Shipping Services from $60.00 to $30.00 in a research report that was published on Tuesday, September 20th. The stock of the company was the subject of the study. In a research note published on December 13th, Jefferies Financial Group announced that the “hold” rating and price target of $27.00 that it had previously assigned to ZIM Integrated Shipping Services had been reduced to $21.00. Barclays rated the company as “equal weight” in a research report released on Friday, November 18th. In addition, Barclays decreased its price objective on ZIM In