Navigator Holdings Ltd. (NYSE:NVGS) issued 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, Briefing.com reports. Navigator Holdings had a return on equity of 2.28% and a net margin of 6.44%. The business had revenue of $74.40 million during the quarter, compared to analysts’ expectations of $62.41 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year.
Navigator Holdings (NVGS) traded down 1.00% during midday trading on Thursday, reaching $9.90. The company’s stock had a trading volume of 159,297 shares. Navigator Holdings has a 52 week low of $6.47 and a 52 week high of $14.75. The company’s 50-day moving average is $9.81 and its 200 day moving average is $10.68. The firm has a market capitalization of $549.76 million, a P/E ratio of 29.12 and a beta of 1.10.
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Hedge funds have recently added to or reduced their stakes in the company. Phoenix Investment Adviser LLC increased its stake in shares of Navigator Holdings by 22.4% in the first quarter. Phoenix Investment Adviser LLC now owns 126,964 shares of the shipping company’s stock worth $1,746,000 after buying an additional 23,200 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Navigator Holdings during the first quarter worth $411,000. Gabelli Funds LLC raised its stake in Navigator Holdings by 4.3% in the first quarter. Gabelli Funds LLC now owns 146,000 shares of the shipping company’s stock valued at $2,008,000 after buying an additional 6,000 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Navigator Holdings by 6.8% in the first quarter. Gamco Investors INC. ET AL now owns 180,500 shares of the shipping company’s stock valued at $2,482,000 after buying an additional 11,456 shares in the last quarter. Finally, Teton Advisors Inc. raised its stake in Navigator Holdings by 11.9% in the first quarter. Teton Advisors Inc. now owns 150,000 shares of the shipping company’s stock valued at $2,063,000 after buying an additional 16,000 shares in the last quarter. 69.01% of the stock is owned by hedge funds and other institutional investors.
NVGS has been the topic of several recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $15.00 price target (down from $18.00) on shares of Navigator Holdings in a report on Saturday, July 22nd. Maxim Group set a $17.00 price target on Navigator Holdings and gave the company a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research raised Navigator Holdings from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research report on Wednesday, July 12th. BidaskClub raised Navigator Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Morgan Stanley raised their price objective on Navigator Holdings from $7.50 to $8.00 and gave the stock an “underweight” rating in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus 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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