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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) saw unusually large options trading on Friday. Traders purchased 7,332 call options on the stock. This is an increase of approximately 43% compared to the average daily volume of 5,115 call options.

Insider Transactions at ZIM Integrated Shipping Services

In other ZIM Integrated Shipping Services news, EVP Saar Dotan sold 11,000 shares of ZIM Integrated Shipping Services stock in a transaction on Friday, June 12th. The stock was sold at an average price of $26.11, for a total value of $287,210.00. Following the sale, the executive vice president owned 90,667 shares in the company, valued at $2,367,315.37. The trade was a 10.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 61,000 shares of company stock worth $1,537,310 over the last ninety days. 1.30% of the stock is owned by company insiders.

Institutional Trading of ZIM Integrated Shipping Services

A number of large investors have recently made changes to their positions in the company. Hoey Investments Inc. acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at $34,000. Huntington National Bank lifted its position in shares of ZIM Integrated Shipping Services by 200,000.0% during the 4th quarter. Huntington National Bank now owns 2,001 shares of the company’s stock worth $42,000 after purchasing an additional 2,000 shares during the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of ZIM Integrated Shipping Services during the 2nd quarter worth $42,000. Finally, Larson Financial Group LLC grew its stake in shares of ZIM Integrated Shipping Services by 158.8% during the third quarter. Larson Financial Group LLC now owns 3,256 shares of the company’s stock worth $44,000 after purchasing an additional 1,998 shares in the last quarter. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Stock Up 3.7%

Shares of ZIM stock traded up $0.98 during trading on Friday, reaching $27.80. The company’s stock had a trading volume of 1,323,166 shares, compared to its average volume of 2,241,752. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 34.32 and a beta of 1.21. ZIM Integrated Shipping Services has a 1-year low of $12.33 and a 1-year high of $29.97. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.19 and a quick ratio of 1.09. The stock’s 50-day moving average price is $25.14 and its 200 day moving average price is $25.59.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings results on Thursday, May 21st. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.50). The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.48 billion. ZIM Integrated Shipping Services had a negative return on equity of 0.26% and a net margin of 1.56%. On average, research analysts anticipate that ZIM Integrated Shipping Services will post 3.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ZIM shares. Zacks Research upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ZIM Integrated Shipping Services in a research report on Friday, June 5th. Barclays boosted their target price on ZIM Integrated Shipping Services from $14.50 to $17.00 and gave the company an “underweight” rating in a research report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. raised their price target on ZIM Integrated Shipping Services from $9.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.33.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.