Navios Maritime Holdings Inc. (NM) Shares Down 5.8%

Navios Maritime Holdings Inc. (NYSE:NM) shares were down 5.8% during mid-day trading on Tuesday . The stock traded as low as $1.78 and last traded at $1.79. Approximately 673,486 shares traded hands during trading, an increase of 1% from the average daily volume of 669,925 shares. The stock had previously closed at $1.90.

Several research analysts have issued reports on NM shares. ValuEngine upgraded shares of Navios Maritime Holdings from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research cut shares of Navios Maritime Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Clarkson Capital cut shares of Navios Maritime Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Navios Maritime Holdings has an average rating of “Hold” and an average target price of $1.25.

The stock’s market cap is $207.73 million. The firm’s 50 day moving average price is $1.68 and its 200-day moving average price is $1.47.

Navios Maritime Holdings (NYSE:NM) last announced its quarterly earnings data on Tuesday, August 22nd. The shipping company reported ($0.26) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.04. Navios Maritime Holdings had a negative return on equity of 25.82% and a negative net margin of 28.76%. The business had revenue of $118.60 million during the quarter, compared to the consensus estimate of $114.27 million. During the same period in the previous year, the company posted ($0.29) earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities analysts predict that Navios Maritime Holdings Inc. will post ($0.94) earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in NM. Parametric Portfolio Associates LLC grew its position in shares of Navios Maritime Holdings by 8.3% during the first quarter. Parametric Portfolio Associates LLC now owns 2,776,233 shares of the shipping company’s stock worth $5,192,000 after buying an additional 212,145 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Navios Maritime Holdings by 9.8% during the first quarter. Renaissance Technologies LLC now owns 1,919,702 shares of the shipping company’s stock worth $3,590,000 after buying an additional 170,900 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Navios Maritime Holdings by 254.4% during the first quarter. Goldman Sachs Group Inc. now owns 858,152 shares of the shipping company’s stock worth $1,605,000 after buying an additional 615,981 shares in the last quarter. Schwab Charles Investment Management Inc. acquired a new position in shares of Navios Maritime Holdings during the second quarter worth about $232,000. Finally, Rhumbline Advisers acquired a new position in shares of Navios Maritime Holdings during the second quarter worth about $107,000. 21.08% of the stock is owned by institutional investors and hedge funds.

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Navios Maritime Holdings Company Profile

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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