Acadian Asset Management LLC lowered its stake in shares of Navigator Holdings Ltd. (NYSE:NVGS) by 17.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 201,302 shares of the shipping company’s stock after selling 41,495 shares during the period. Acadian Asset Management LLC’s holdings in Navigator Holdings were worth $1,671,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. OLD National Bancorp IN boosted its stake in Navigator Holdings by 17.6% in the second quarter. OLD National Bancorp IN now owns 140,000 shares of the shipping company’s stock worth $1,162,000 after buying an additional 21,000 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in Navigator Holdings by 474.3% in the first quarter. Driehaus Capital Management LLC now owns 312,085 shares of the shipping company’s stock worth $4,291,000 after buying an additional 257,745 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Navigator Holdings during the first quarter worth approximately $295,000. Oppenheimer & Co. Inc. boosted its stake in Navigator Holdings by 13.8% in the first quarter. Oppenheimer & Co. Inc. now owns 1,638,805 shares of the shipping company’s stock worth $22,533,000 after buying an additional 198,418 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Navigator Holdings by 25.9% in the first quarter. Renaissance Technologies LLC now owns 66,200 shares of the shipping company’s stock worth $910,000 after buying an additional 13,600 shares in the last quarter. Institutional investors own 68.68% of the company’s stock.
Navigator Holdings Ltd. (NYSE NVGS) traded up 3.41% during mid-day trading on Tuesday, hitting $10.60. 356,134 shares of the company were exchanged. The company has a market capitalization of $588.63 million, a P/E ratio of 21.20 and a beta of 1.10. The company’s 50-day moving average is $8.98 and its 200 day moving average is $10.78. Navigator Holdings Ltd. has a 12-month low of $6.47 and a 12-month high of $14.75.
Navigator Holdings (NYSE:NVGS) last posted its quarterly earnings results on Monday, August 7th. The shipping company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by $0.02. Navigator Holdings had a net margin of 9.48% and a return on equity of 3.23%. The company had revenue of $74.40 million during the quarter, compared to the consensus estimate of $62.41 million. During the same period last year, the firm posted $0.20 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts expect that Navigator Holdings Ltd. will post $0.39 EPS for the current year.
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A number of research firms recently commented on NVGS. BidaskClub cut shares of Navigator Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Jefferies Group LLC restated a “buy” rating and issued a $15.00 price objective (down previously from $18.00) on shares of Navigator Holdings in a research report on Saturday, July 22nd. Zacks Investment Research cut shares of Navigator Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, July 15th. Morgan Stanley upped their price objective on shares of Navigator Holdings from $7.50 to $8.00 and gave the company an “underweight” rating in a research report on Monday, July 17th. Finally, Maxim Group set a $17.00 price objective on shares of Navigator Holdings and gave the company a “buy” rating in a research report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.38.
Navigator Holdings Company Profile
Navigator Holdings Ltd. is an owner and operator of a fleet of handysize liquefied gas carriers. The Company provides international and regional seaborne transportation services of liquefied petroleum gas (LPG), petrochemical gases and ammonia. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.
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