Stock Traders Purchase Large Volume of ZIM Integrated Shipping Services Call Options (NYSE:ZIM)

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) was the target of unusually large options trading activity on Friday. Traders purchased 42,663 call options on the stock. This is an increase of 44% compared to the typical daily volume of 29,606 call options.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ZIM shares. JPMorgan Chase & Co. lowered their target price on shares of ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. Bank of America decreased their price target on shares of 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. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $20.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday. Two analysts have rated the stock with a sell rating, one has issued 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 currently has a consensus rating of “Hold” and a consensus target price of $10.51.

ZIM Integrated Shipping Services Price Performance

ZIM stock traded up $1.48 during mid-day trading on Friday, reaching $20.89. The company’s stock had a trading volume of 5,985,011 shares, compared to its average volume of 6,508,978. The stock has a market cap of $2.51 billion, a PE ratio of -0.97, a P/E/G ratio of 0.40 and a beta of 1.64. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 1.49. ZIM Integrated Shipping Services has a fifty-two week low of $6.39 and a fifty-two week high of $21.10. The company’s 50 day moving average is $12.69 and its two-hundred day moving average is $11.38.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings data on Wednesday, March 13th. The company reported ($1.23) EPS for the quarter, beating analysts’ consensus estimates of ($1.33) by $0.10. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. ZIM Integrated Shipping Services had a negative net margin of 47.59% and a negative return on equity of 14.80%. Equities research analysts expect that ZIM Integrated Shipping Services will post 1.37 EPS for the current year.

ZIM Integrated Shipping Services Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, June 4th will be issued a $0.23 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $0.92 dividend on an annualized basis and a yield of 4.40%.

Institutional Trading of ZIM Integrated Shipping Services

A number of hedge funds have recently bought and sold shares of ZIM. Tower Research Capital LLC TRC increased its holdings in shares of ZIM Integrated Shipping Services by 92.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,335 shares of the company’s stock worth $33,000 after buying an additional 1,601 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of ZIM Integrated Shipping Services by 604.3% during the 4th quarter. Blue Trust Inc. now owns 4,296 shares of the company’s stock worth $45,000 after buying an additional 3,686 shares during the last quarter. Citigroup Inc. increased its holdings in shares of ZIM Integrated Shipping Services by 77.1% during the 3rd quarter. Citigroup Inc. now owns 5,403 shares of the company’s stock worth $56,000 after buying an additional 2,352 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $58,000. Finally, Russell Investments Group Ltd. increased its holdings in ZIM Integrated Shipping Services by 1,431.1% in the 1st quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock valued at $61,000 after purchasing an additional 5,667 shares during the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Company Profile

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.