Jump Financial LLC Has $7.37 Million Position 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 decreased its stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Free Report) by 43.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 505,275 shares of the company's stock after selling 385,592 shares during the period. Jump Financial LLC owned approximately 0.42% of ZIM Integrated Shipping Services worth $7,372,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. New York State Common Retirement Fund acquired a new position in shares of ZIM Integrated Shipping Services in the first quarter valued at $30,000. Employees Retirement System of Texas acquired a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at $45,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at $186,000. Miracle Mile Advisors LLC acquired a new position in shares of ZIM Integrated Shipping Services in the first quarter valued at $146,000. Finally, TD Asset Management Inc acquired a new position in shares of ZIM Integrated Shipping Services in the first quarter valued at $155,000. Institutional investors and hedge funds own 21.42% of the company's stock.

ZIM Integrated Shipping Services Trading Down 1.5%

ZIM traded down $0.22 during trading on Wednesday, reaching $14.26. 3,324,970 shares of the company's stock were exchanged, compared to its average volume of 6,404,155. The company's fifty day moving average price is $15.94 and its 200-day moving average price is $16.59. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.11 and a current ratio of 1.20. ZIM Integrated Shipping Services Ltd. has a fifty-two week low of $11.03 and a fifty-two week high of $30.15. The firm has a market capitalization of $1.72 billion, a PE ratio of 0.86, a P/E/G ratio of 0.17 and a beta of 1.75.

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

ZIM Integrated Shipping Services Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Tuesday, September 2nd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.7%. ZIM Integrated Shipping Services's dividend payout ratio (DPR) is presently 5.59%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen lowered ZIM Integrated Shipping Services from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. Citigroup reaffirmed a "sell" rating on shares of ZIM Integrated Shipping Services in a report on Monday, August 11th. Clarkson Capital cut ZIM Integrated Shipping Services from a "buy" rating to a "neutral" rating and set a $20.00 price target for the company. in a report on Tuesday, May 20th. Jefferies Financial Group reaffirmed a "hold" rating and set a $17.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. upped their price objective on ZIM Integrated Shipping Services from $9.50 to $9.80 and gave the stock an "underweight" rating in a report on Friday, August 22nd. Two investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services currently has a consensus rating of "Strong Sell" and an average price target of $14.88.

ZIM Integrated Shipping Services 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.