5 Cheapest Stocks With Biggest Upside

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

Number of Hedge Fund Holders: 15  

Share Price as of December 18: $17.55

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) provides container shipping and related services in Israel and internationally. On November 17, ZIM Integrated Shipping Services said that it expected freight rates to keep falling and was preparing for the new normal by focusing on profitable niche markets for its container services and expanding its car-carrier business.

On November 18, Barclays analyst Alexia Dogani maintained an Equal Weight rating on ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) stock and lowered the price target to $26.50 from $63, noting that the third quarter report was solid, though the deterioration in demand, through steep declines in rates and volumes, makes for a challenging backdrop.

Among the hedge funds being tracked by Insider Monkey, London-based investment firm Greenvale Capital is a leading shareholder in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) with 7.5 million shares worth more than $176.4 million.