ZIM Integrated Shipping Services Target of Unusually Large Options Trading (NYSE:ZIM)

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) saw some unusual options trading on Thursday. Traders bought 15,438 put options on the company. This represents an increase of approximately 233% compared to the typical volume of 4,641 put options.

ZIM Integrated Shipping Services Trading Up 0.4%

NYSE:ZIM opened at $24.69 on Friday. ZIM Integrated Shipping Services has a one year low of $12.33 and a one year high of $29.97. The business has a fifty day moving average price of $24.90 and a 200-day moving average price of $25.32. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 30.48 and a beta of 1.19. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.19 and a quick ratio of 1.09.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Thursday, May 21st. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.50). ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Sell-side analysts forecast that ZIM Integrated Shipping Services will post 3.15 EPS for the current year.

Insiders Place Their Bets

In other ZIM Integrated Shipping Services news, EVP Saar Dotan sold 20,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $24.63, for a total value of $492,600.00. Following the transaction, the executive vice president owned 131,667 shares of the company’s stock, valued at approximately $3,242,958.21. This represents a 13.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 61,000 shares of company stock valued at $1,537,310 over the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ZIM. Y.D. More Investments Ltd increased its holdings in ZIM Integrated Shipping Services by 378,174.5% in the 4th quarter. Y.D. More Investments Ltd now owns 3,782,745 shares of the company’s stock worth $80,308,000 after acquiring an additional 3,781,745 shares in the last quarter. Value Base Ltd. purchased a new position in ZIM Integrated Shipping Services during the fourth quarter valued at approximately $1,316,000. Sagil Capital LLP bought a new position in shares of ZIM Integrated Shipping Services in the fourth quarter worth approximately $1,486,000. PFG Investments LLC boosted its position in shares of ZIM Integrated Shipping Services by 132.8% in the fourth quarter. PFG Investments LLC now owns 79,791 shares of the company’s stock worth $1,694,000 after purchasing an additional 45,514 shares during the period. Finally, Weiss Asset Management LP bought a new position in shares of ZIM Integrated Shipping Services in the first quarter worth approximately $7,283,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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