Navios Maritime Holdings Inc. (NYSE:NM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.
According to Zacks, “Navios Maritime Holdings Inc. is a seaborne shipping and logistics company engaged in the transport and transshipment of drybulk commodities including iron ore, coal and grain. It operates in three segments: Drybulk Vessel Operations, Tanker Vessel Operations and Logistics Business. The Company also engages in operating ports and transfer station terminals and handles vessels, barges, and push boats, as well as operates upriver transport facilities in the Hidrovia region. Navios Maritime Holdings Inc. is headquartered in Piraeus, Greece. “
A number of other analysts have also commented on NM. ValuEngine upgraded shares of Navios Maritime Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday. Citigroup Inc. cut their target price on shares of Navios Maritime Holdings from $1.50 to $1.25 and set a “sell” rating for the company in a research report on Thursday, May 25th.
Shares of Navios Maritime Holdings (NM) opened at 1.61 on Friday. The company’s market cap is $186.84 million. Navios Maritime Holdings has a 12 month low of $0.95 and a 12 month high of $2.40. The company has a 50-day moving average of $1.25 and a 200 day moving average of $1.50.
Navios Maritime Holdings (NYSE:NM) last released its quarterly earnings data on Tuesday, August 22nd. The shipping company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.04. The business had revenue of $118.60 million during the quarter, compared to analyst estimates of $114.27 million. Navios Maritime Holdings had a negative net margin of 22.05% and a negative return on equity of 14.37%. Navios Maritime Holdings’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business earned ($0.29) EPS. On average, analysts anticipate that Navios Maritime Holdings will post ($0.94) earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in NM. Parametric Portfolio Associates LLC increased its position in Navios Maritime Holdings by 8.3% in the first quarter. Parametric Portfolio Associates LLC now owns 2,776,233 shares of the shipping company’s stock valued at $5,192,000 after buying an additional 212,145 shares during the period. Phoenix Investment Adviser LLC increased its position in Navios Maritime Holdings by 37.5% in the first quarter. Phoenix Investment Adviser LLC now owns 288,700 shares of the shipping company’s stock valued at $540,000 after buying an additional 78,700 shares during the period. Renaissance Technologies LLC increased its position in Navios Maritime Holdings by 9.8% in the first quarter. Renaissance Technologies LLC now owns 1,919,702 shares of the shipping company’s stock valued at $3,590,000 after buying an additional 170,900 shares during the period. Goldman Sachs Group Inc. increased its position in Navios Maritime Holdings by 254.4% in the first quarter. Goldman Sachs Group Inc. now owns 858,152 shares of the shipping company’s stock valued at $1,605,000 after buying an additional 615,981 shares during the period. Finally, Schwab Charles Investment Management Inc. bought a new position in Navios Maritime Holdings during the second quarter valued at approximately $232,000. 20.12% of the stock is currently owned by hedge funds and other institutional investors.
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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