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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) saw some unusual options trading activity on Friday. Traders acquired 40,866 call options on the company. This is an increase of 20% compared to the typical volume of 34,072 call options.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in shares of ZIM Integrated Shipping Services by 92.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,335 shares of the company’s stock worth $33,000 after purchasing an additional 1,601 shares during the last quarter. Blue Trust Inc. raised its stake in ZIM Integrated Shipping Services by 604.3% during the fourth quarter. Blue Trust Inc. now owns 4,296 shares of the company’s stock worth $45,000 after acquiring an additional 3,686 shares during the period. Citigroup Inc. raised its stake in 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 acquiring an additional 2,352 shares during the period. Scarborough Advisors LLC acquired a new stake in ZIM Integrated Shipping Services during the fourth quarter worth about $58,000. Finally, Headlands Technologies LLC acquired a new stake in ZIM Integrated Shipping Services during the fourth quarter worth about $121,000. Institutional investors own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Bank of America decreased their price objective on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating for the company in a research report on Tuesday, March 19th. Jefferies Financial Group reissued a “buy” rating and issued a $20.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating for the company in a research report on Friday, March 22nd. Two 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 has a consensus rating of “Hold” and a consensus price target of $10.51.

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock opened at $13.22 on Friday. 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 one year low of $6.39 and a one year high of $17.97. The company’s 50-day simple moving average is $10.88 and its 200-day simple moving average is $10.37. The stock has a market capitalization 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 issued its quarterly earnings results on Wednesday, March 13th. The company reported ($1.23) 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 business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Equities analysts anticipate that ZIM Integrated Shipping Services will post -0.25 earnings per share for the current fiscal year.

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.