Navios Maritime Partners L.P. (NYSE:NMM) to Post FY2017 Earnings of $0.11 Per Share, Jefferies Group Forecasts

Navios Maritime Partners L.P. (NYSE:NMM) – Equities research analysts at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for shares of Navios Maritime Partners in a research note issued to investors on Monday, Zacks Investment Research reports. Jefferies Group analyst R. Giveans anticipates that the shipping company will post earnings of $0.11 per share for the year. Jefferies Group has a “Buy” rating and a $2.00 price objective on the stock. Jefferies Group also issued estimates for Navios Maritime Partners’ Q4 2017 earnings at $0.03 EPS and FY2018 earnings at $0.12 EPS.

A number of other equities analysts have also weighed in on NMM. Zacks Investment Research upgraded Navios Maritime Partners from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a research report on Friday, October 13th. Citigroup increased their price target on Navios Maritime Partners from $2.00 to $2.25 and gave the company a “neutral” rating in a research report on Thursday, November 16th. Finally, TheStreet upgraded Navios Maritime Partners from a “d+” rating to a “c-” rating in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Navios Maritime Partners has a consensus rating of “Hold” and an average target price of $2.19.

Navios Maritime Partners (NMM) traded up $0.06 during trading hours on Wednesday, hitting $2.47. The company had a trading volume of 933,006 shares, compared to its average volume of 1,339,018. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.39 and a quick ratio of 1.39. Navios Maritime Partners has a fifty-two week low of $1.45 and a fifty-two week high of $2.65. The firm has a market cap of $359.09, a price-to-earnings ratio of 247.00 and a beta of 1.84.

Several large investors have recently added to or reduced their stakes in NMM. Virtu KCG Holdings LLC boosted its position in Navios Maritime Partners by 1.5% during the 2nd quarter. Virtu KCG Holdings LLC now owns 92,494 shares of the shipping company’s stock worth $147,000 after acquiring an additional 1,324 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Navios Maritime Partners during the 2nd quarter worth about $188,000. Macquarie Group Ltd. acquired a new stake in Navios Maritime Partners during the 3rd quarter worth about $320,000. Renaissance Technologies LLC boosted its position in Navios Maritime Partners by 905.0% during the 1st quarter. Renaissance Technologies LLC now owns 776,808 shares of the shipping company’s stock worth $1,608,000 after acquiring an additional 699,514 shares during the period. Finally, Sound Point Capital Management LP boosted its position in Navios Maritime Partners by 7.7% during the 2nd quarter. Sound Point Capital Management LP now owns 1,094,891 shares of the shipping company’s stock worth $1,741,000 after acquiring an additional 78,743 shares during the period. Institutional investors and hedge funds own 15.31% of the company’s stock.

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About Navios Maritime Partners

Navios Maritime Partners L.P. is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters.

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