ZIM Integrated Shipping Services Sees Unusually Large Options Volume (NYSE:ZIM)

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) was the recipient of some unusual options trading activity on Friday. Stock investors acquired 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.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Several large investors have recently added to or reduced their stakes in ZIM. American Century Companies Inc. raised its stake in ZIM Integrated Shipping Services by 12.4% during the third quarter. American Century Companies Inc. now owns 898,491 shares of the company's stock worth $9,389,000 after purchasing an additional 99,477 shares during the period. International Assets Investment Management LLC raised its position in shares of ZIM Integrated Shipping Services by 1,204.6% in the 4th quarter. International Assets Investment Management LLC now owns 173,712 shares of the company's stock worth $17,600,000 after buying an additional 160,397 shares during the period. Citigroup Inc. boosted its holdings in ZIM Integrated Shipping Services by 77.1% in the third quarter. Citigroup Inc. now owns 5,403 shares of the company's stock valued at $56,000 after acquiring an additional 2,352 shares during the last quarter. Global Retirement Partners LLC grew its position in ZIM Integrated Shipping Services by 17.3% during the fourth quarter. Global Retirement Partners LLC now owns 45,493 shares of the company's stock valued at $449,000 after acquiring an additional 6,712 shares during the period. Finally, Blue Trust Inc. increased 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 last quarter. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Price Performance

ZIM stock traded up $1.83 on Friday, reaching $13.22. The company had a trading volume of 13,553,028 shares, compared to its average volume of 6,596,177. The company's fifty day moving average is $10.88 and its 200 day moving average is $10.37. The company has a market cap of $1.59 billion, a P/E ratio of -0.59 and a beta of 1.84. 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 1 year low of $6.39 and a 1 year high of $17.97.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($1.23) EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.23 billion. On average, research analysts forecast that ZIM Integrated Shipping Services will post 0.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ZIM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective 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. 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 note on Tuesday, March 19th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $20.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $10.51.

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.

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