Jump Financial LLC Has $7.37 Million Stock Holdings in ZIM Integrated Shipping Services Ltd. $ZIM

Key Points

• Jump Financial LLC reduced its stake in ZIM Integrated Shipping Services by 43.3%, selling 385,592 shares, leaving it with 505,275 shares valued at approximately $7.37 million.
• Recent earnings data revealed that ZIM missed the consensus estimate for earnings per share, reporting only $0.19 compared to the expected $1.50, with a quarterly revenue of $1.64 billion.
• Multiple analysts have downgraded ZIM's stock ratings, with a consensus target price of $14.88 and a general sentiment categorized as a "Strong Sell."

Jump Financial LLC cut its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 43.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 505,275 shares of the company's stock after selling 385,592 shares during the quarter. Jump Financial LLC owned approximately 0.42% of ZIM Integrated Shipping Services worth $7,372,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ZIM. New York State Common Retirement Fund bought a new position in shares of ZIM Integrated Shipping Services in the first quarter valued at about $30,000. Employees Retirement System of Texas bought a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at about $45,000. Miracle Mile Advisors LLC bought a new position in shares of ZIM Integrated Shipping Services in the first quarter valued at about $146,000. TD Asset Management Inc bought a new position in shares of ZIM Integrated Shipping Services in the first quarter valued at about $155,000. Finally, SeaCrest Wealth Management LLC bought a new position in shares of ZIM Integrated Shipping Services in the first quarter valued at about $161,000. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services Price Performance

ZIM Integrated Shipping Services stock traded down $0.25 during trading hours on Friday, reaching $13.61. 3,483,546 shares of the stock were exchanged, compared to its average volume of 6,528,025. The company has a market cap of $1.64 billion, a P/E ratio of 0.82, a price-to-earnings-growth ratio of 0.16 and a beta of 1.75. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 1.20. ZIM Integrated Shipping Services Ltd. has a twelve month low of $11.03 and a twelve month high of $30.15. The stock has a 50 day moving average of $15.80 and a two-hundred day moving average of $16.48.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.50 by ($1.31). ZIM Integrated Shipping Services had a net margin of 23.37% and a return on equity of 50.61%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.84 billion. Equities analysts expect that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 2nd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, September 2nd. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 5.59%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ZIM shares. Barclays decreased their price target on shares of ZIM Integrated Shipping Services from $14.80 to $13.30 and set an "underweight" rating on the stock in a research note on Thursday. Jefferies Financial Group restated a "hold" rating and issued a $17.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, August 20th. Citigroup restated a "sell" rating on shares of ZIM Integrated Shipping Services in a research note on Monday, August 11th. JPMorgan Chase & Co. upped their price target on shares of ZIM Integrated Shipping Services from $9.50 to $9.80 and gave the company an "underweight" rating in a research note on Friday, August 22nd. Finally, Clarkson Capital downgraded shares of ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target on the stock. in a research note on Tuesday, May 20th. Two analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Strong Sell" and a consensus price target of $14.58.

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.