Navios Maritime Containers (NASDAQ:NMCI) Rating Increased to Hold at Zacks Investment Research

Navios Maritime Containers (NASDAQ:NMCI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “Navios Maritime Containers L.P is an owner and operator of containerships. The Company offers container ships and fleet management services. Navios Maritime Containers L.P is based in MONACO. “

Separately, JPMorgan Chase & Co. began coverage on shares of Navios Maritime Containers in a research note on Wednesday, March 27th. They issued an “overweight” rating and a $9.00 price target for the company.

Shares of Navios Maritime Containers stock opened at $1.78 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.52 and a quick ratio of 0.49. The stock has a market capitalization of $63.67 million and a P/E ratio of 3.36. Navios Maritime Containers has a 1 year low of $1.76 and a 1 year high of $4.85.

Several hedge funds have recently added to or reduced their stakes in NMCI. Brave Asset Management Inc. acquired a new stake in shares of Navios Maritime Containers during the 1st quarter worth about $72,000. Clear Harbor Asset Management LLC purchased a new position in shares of Navios Maritime Containers in the 1st quarter valued at about $96,000. JPMorgan Chase & Co. boosted its stake in shares of Navios Maritime Containers by 4,307.5% in the 1st quarter. JPMorgan Chase & Co. now owns 427,972 shares of the company’s stock valued at $1,023,000 after buying an additional 418,262 shares during the period. Marble Ridge Capital LP purchased a new stake in Navios Maritime Containers during the fourth quarter worth approximately $2,253,000. Finally, 683 Capital Management LLC purchased a new stake in Navios Maritime Containers during the fourth quarter worth approximately $5,553,000. 31.27% of the stock is currently owned by hedge funds and other institutional investors.

About Navios Maritime Containers

Navios Maritime Containers L.P. owns and operates containerships in Asia and Europe. As of March 6, 2019, it owned a fleet of 30 vessels. The company was founded in 2017 and is based in Monte Carlo, Monaco.

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