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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) was the recipient of some unusual options trading activity on Friday. Investors purchased 40,866 call options on the stock. This is an increase of approximately 20% compared to the typical daily volume of 34,072 call options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Regatta Capital Group LLC lifted its position in ZIM Integrated Shipping Services by 8.5% during the 1st quarter. Regatta Capital Group LLC now owns 16,022 shares of the company’s stock worth $162,000 after buying an additional 1,254 shares in the last quarter. Olympiad Research LP lifted its position in ZIM Integrated Shipping Services by 2.8% during the 4th quarter. Olympiad Research LP now owns 49,236 shares of the company’s stock worth $486,000 after buying an additional 1,364 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in 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 in the last quarter. Van ECK Associates Corp lifted its position in ZIM Integrated Shipping Services by 6.8% during the 3rd quarter. Van ECK Associates Corp now owns 33,686 shares of the company’s stock worth $352,000 after buying an additional 2,143 shares in the last quarter. Finally, Citigroup Inc. lifted its position in 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 in the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Up 16.1 %

ZIM opened at $13.22 on Friday. The firm’s 50-day simple moving average is $10.88 and its 200-day simple moving average is $10.37. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.95 and a current ratio of 1.02. ZIM Integrated Shipping Services has a twelve month low of $6.39 and a twelve month high of $17.97. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -0.59 and a beta of 1.84.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Wednesday, March 13th. The company reported ($1.23) earnings per share 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 business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. Equities research analysts anticipate that ZIM Integrated Shipping Services will post 0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ZIM has been the topic of several analyst reports. Bank of America lowered 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 report on Tuesday, March 19th. Jefferies Financial Group reissued a “buy” rating and issued a $20.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. lowered their price target 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 investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.51.

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.