Clarkson Capital cut shares of Navios Maritime Holdings Inc. (NYSE:NM) from a buy rating to a neutral rating in a research note published on Tuesday, October 17th, The Fly reports.
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Navios Maritime Holdings from a strong sell rating to a hold rating in a research note on Friday, July 21st. ValuEngine lowered shares of Navios Maritime Holdings from a hold rating to a sell rating in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Navios Maritime Holdings currently has an average rating of Sell and an average target price of $1.25.
Navios Maritime Holdings (NM) traded up 2.542% during trading on Tuesday, hitting $1.815. The stock had a trading volume of 196,236 shares. The company’s market cap is $210.63 million. Navios Maritime Holdings has a 52-week low of $0.95 and a 52-week high of $2.40. The firm’s 50-day moving average price is $1.72 and its 200-day moving average price is $1.47.
Navios Maritime Holdings (NYSE:NM) last released its quarterly earnings results on Tuesday, August 22nd. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. Navios Maritime Holdings had a negative net margin of 22.05% and a negative return on equity of 14.37%. The firm had revenue of $118.60 million for the quarter, compared to the consensus estimate of $114.27 million. During the same quarter in the previous year, the firm posted ($0.29) EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. 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 bought and sold shares of NM. State Street Corp boosted its holdings in shares of Navios Maritime Holdings by 2,467.0% in the 2nd quarter. State Street Corp now owns 1,012,873 shares of the shipping company’s stock valued at $1,388,000 after buying an additional 973,416 shares during the period. Northern Trust Corp acquired a new position in Navios Maritime Holdings during the 2nd quarter valued at about $1,065,000. Goldman Sachs Group Inc. boosted its stake in Navios Maritime Holdings by 254.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 858,152 shares of the shipping company’s stock valued at $1,605,000 after purchasing an additional 615,981 shares during the period. Bank of New York Mellon Corp acquired a new position in Navios Maritime Holdings during the 2nd quarter valued at about $341,000. Finally, TIAA CREF Investment Management LLC bought a new stake in shares of Navios Maritime Holdings during the 2nd quarter worth about $335,000. 21.08% of the stock is owned by institutional investors and hedge funds.
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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