Navios Maritime Acquisition (NYSE:NNA) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Navios Maritime Acquisition (NYSE:NNA) from a sell rating to a hold rating in a report published on Thursday, December 28th.

According to Zacks, “Navios Maritime Acquisition Corporation provides marine transportation services. It is an owner and operator of tanker vessels focusing in the transportation of petroleum products and bulk liquid chemicals. The company focuses on chartering its vessels to international oil companies, refiners, and vessel operators under long, medium, and short-term charters. Navios Maritime Acquisition Corporation is headquartered in Piraeus, Greece. “

A number of other analysts also recently weighed in on NNA. Stifel Nicolaus set a $2.00 target price on Navios Maritime Acquisition and gave the stock a buy rating in a research report on Sunday, October 29th. ValuEngine downgraded Navios Maritime Acquisition from a buy rating to a hold rating in a research report on Friday, September 1st. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and an average price target of $1.63.

Shares of Navios Maritime Acquisition (NNA) opened at $1.07 on Thursday. The stock has a market capitalization of $160.88, a PE ratio of -3.45 and a beta of 1.60. Navios Maritime Acquisition has a 12-month low of $1.06 and a 12-month high of $2.11. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.12.

Institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. purchased a new position in Navios Maritime Acquisition in the 3rd quarter worth approximately $124,000. Virtu KCG Holdings LLC increased its stake in Navios Maritime Acquisition by 127.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 111,311 shares of the shipping company’s stock worth $164,000 after purchasing an additional 62,454 shares during the period. Vanguard Group Inc. increased its stake in Navios Maritime Acquisition by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 164,307 shares of the shipping company’s stock worth $242,000 after purchasing an additional 3,730 shares during the period. Teachers Advisors LLC increased its stake in shares of Navios Maritime Acquisition by 12.2% during the second quarter. Teachers Advisors LLC now owns 165,077 shares of the shipping company’s stock valued at $243,000 after buying an additional 17,971 shares during the period. Finally, California Public Employees Retirement System increased its stake in shares of Navios Maritime Acquisition by 13.2% during the second quarter. California Public Employees Retirement System now owns 167,500 shares of the shipping company’s stock valued at $246,000 after buying an additional 19,500 shares during the period. 19.09% of the stock is currently owned by institutional investors and hedge funds.

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About Navios Maritime Acquisition

Navios Maritime Acquisition Corporation is an international shipping company. The Company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing marine transportation services around the world. The Company charters its vessels to international oil companies, refiners and vessel operators under long, medium and short-term charters.

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