ZIM Integrated Shipping Services Target of Unusually High Options Trading (NYSE:ZIM)

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) was the recipient of unusually large options trading activity on Friday. Investors acquired 40,866 call options on the company. This is an increase of 20% compared to the typical volume of 34,072 call options.

ZIM Integrated Shipping Services Stock Up 16.1 %

Shares of NYSE:ZIM traded up $1.83 during trading on Friday, hitting $13.22. 13,553,028 shares of the company were exchanged, compared to its average volume of 6,596,177. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -0.59 and a beta of 1.84. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 1.35. ZIM Integrated Shipping Services has a fifty-two week low of $6.39 and a fifty-two week high of $17.97. The firm has a fifty day moving average price of $10.88 and a two-hundred day moving average price of $10.37.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($1.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.33) by $0.10. ZIM Integrated Shipping Services had a negative net margin of 52.22% and a negative return on equity of 16.29%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. As a group, research analysts anticipate that ZIM Integrated Shipping Services will post 0.33 earnings per share for the current fiscal year.

Institutional Trading of ZIM Integrated Shipping Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in ZIM Integrated Shipping Services by 92.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,335 shares of the company’s stock valued at $33,000 after acquiring an additional 1,601 shares during the period. Blue Trust Inc. grew its position in shares of ZIM Integrated Shipping Services by 604.3% in the fourth quarter. Blue Trust Inc. now owns 4,296 shares of the company’s stock valued at $45,000 after purchasing an additional 3,686 shares during the last quarter. Citigroup Inc. increased its stake in shares of ZIM Integrated Shipping Services by 77.1% during the third quarter. Citigroup Inc. now owns 5,403 shares of the company’s stock worth $56,000 after purchasing an additional 2,352 shares during the period. Scarborough Advisors LLC acquired a new stake in ZIM Integrated Shipping Services during the 4th quarter worth approximately $58,000. Finally, Headlands Technologies LLC bought a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at $121,000. Institutional investors own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ZIM. Bank of America dropped their price target on ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating on the stock in a research note on Tuesday, March 19th. Jefferies Financial Group restated a “buy” rating and issued a $20.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating on the stock in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of “Hold” and a consensus target price of $10.51.

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.