Navios Maritime (NM) Shares Down 2.7%

Shares of Navios Maritime Holdings Inc (NYSE:NM) traded down 2.7% during trading on Friday . The stock traded as low as $0.74 and last traded at $0.72. 766,634 shares were traded during trading, an increase of 6% from the average session volume of 720,103 shares. The stock had previously closed at $0.74.

Several analysts have issued reports on the company. Zacks Investment Research cut Navios Maritime from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Jefferies Group assumed coverage on Navios Maritime in a report on Monday, December 18th. They issued a “buy” rating and a $2.00 target price for the company. Clarkson Capital upgraded Navios Maritime from a “neutral” rating to a “buy” rating in a report on Monday, February 12th. Finally, JPMorgan Chase cut Navios Maritime from a “neutral” rating to an “underweight” rating in a report on Friday, March 23rd. Four analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Navios Maritime currently has an average rating of “Hold” and a consensus price target of $1.58.

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The company has a debt-to-equity ratio of 2.32, a current ratio of 1.02 and a quick ratio of 0.91. The firm has a market cap of $90.93, a PE ratio of -0.71 and a beta of 2.66.

Navios Maritime (NYSE:NM) last issued its earnings results on Wednesday, February 21st. The shipping company reported ($0.13) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.01. The company had revenue of $128.53 million during the quarter, compared to analysts’ expectations of $134.69 million. Navios Maritime had a negative return on equity of 15.58% and a negative net margin of 37.28%. analysts forecast that Navios Maritime Holdings Inc will post -0.53 EPS for the current year.

A number of large investors have recently modified their holdings of the business. PenderFund Capital Management Ltd. purchased a new position in shares of Navios Maritime during the 4th quarter worth $2,201,000. State Street Corp grew its holdings in shares of Navios Maritime by 2,467.0% during the 2nd quarter. State Street Corp now owns 1,012,873 shares of the shipping company’s stock worth $1,388,000 after purchasing an additional 973,416 shares during the period. Jefferies Group LLC grew its holdings in shares of Navios Maritime by 109.7% during the 4th quarter. Jefferies Group LLC now owns 1,504,542 shares of the shipping company’s stock worth $1,805,000 after purchasing an additional 787,238 shares during the period. 683 Capital Management LLC purchased a new position in shares of Navios Maritime during the 3rd quarter worth $501,000. Finally, Royce & Associates LP grew its holdings in shares of Navios Maritime by 13.4% during the 4th quarter. Royce & Associates LP now owns 1,951,349 shares of the shipping company’s stock worth $2,342,000 after purchasing an additional 230,000 shares during the period. Institutional investors own 23.63% of the company’s stock.

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Navios Maritime 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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