Navios Maritime Holdings Inc. (NM) Stock Rating Upgraded by Zacks Investment Research

Navios Maritime Holdings Inc. (NYSE:NM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “Navios Maritime Holdings Inc. is a seaborne shipping and logistics company engaged in the transport and transshipment of drybulk commodities including iron ore, coal and grain. It operates in three segments: Drybulk Vessel Operations, Tanker Vessel Operations and Logistics Business. The Company also engages in operating ports and transfer station terminals and handles vessels, barges, and push boats, as well as operates upriver transport facilities in the Hidrovia region. Navios Maritime Holdings Inc. is headquartered in Piraeus, Greece. “

A number of other equities analysts also recently weighed in on NM. Citigroup Inc. dropped their target price on shares of Navios Maritime Holdings from $1.50 to $1.25 and set a “sell” rating for the company in a research note on Thursday, May 25th. ValuEngine downgraded shares of Navios Maritime Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, May 31st.

Navios Maritime Holdings (NYSE NM) opened at 1.68 on Friday. The firm’s market cap is $194.97 million. Navios Maritime Holdings has a 1-year low of $0.95 and a 1-year high of $2.40. The company’s 50 day moving average is $1.43 and its 200-day moving average is $1.47.

Navios Maritime Holdings (NYSE:NM) last released its quarterly earnings results on Tuesday, August 22nd. The shipping company reported ($0.26) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.04. The firm had revenue of $118.60 million for the quarter, compared to analyst estimates of $114.27 million. Navios Maritime Holdings had a negative net margin of 22.05% and a negative return on equity of 14.37%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.29) earnings per share. On average, analysts predict that Navios Maritime Holdings will post ($0.94) EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in shares of Navios Maritime Holdings by 2.8% in the second quarter. Goldman Sachs Group Inc. now owns 881,941 shares of the shipping company’s stock worth $1,208,000 after acquiring an additional 23,789 shares during the last quarter. Royce & Associates LP raised its stake in shares of Navios Maritime Holdings by 2.2% in the second quarter. Royce & Associates LP now owns 1,606,349 shares of the shipping company’s stock worth $2,201,000 after acquiring an additional 35,000 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Navios Maritime Holdings by 3.9% in the second quarter. Advisor Group Inc. now owns 1,135,750 shares of the shipping company’s stock worth $1,555,000 after acquiring an additional 42,750 shares during the last quarter. Rhumbline Advisers bought a new position in shares of Navios Maritime Holdings in the second quarter worth about $107,000. Finally, New York State Common Retirement Fund bought a new position in shares of Navios Maritime Holdings in the second quarter worth about $131,000. 21.03% of the stock is owned by institutional investors.

About Navios Maritime Holdings

Navios Maritime Holdings Inc (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. It operates through two segments: the Dry bulk Vessel Operations and the Logistics Business.

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