5 Most Profitable New Stocks Today

2. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Trailing Twelve Month Net Income: $5.9 billion

Number of Hedge Fund Holders in Q3 2022: 15

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is an Israeli shipping company with more than a hundred ships in its fleet. The firm is based in Haifa.

Barclays came with some bad news for ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in February 2023 as the bank cut its share price target to $15 from $26.5 and downgraded the shares to Underweight from Equal Weight citing oversupply in the container market. 15 of the 920 hedge funds part of Insider Monkey’s Q3 2022 study had bought a stake in the firm.

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)’s largest investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital which owns 3.2 million shares that are worth $55 million.

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