Navios Maritime (NYSE:NM) announced its quarterly earnings data on Wednesday. The shipping company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.01, Morningstar.com reports. Navios Maritime had a negative return on equity of 17.18% and a negative net margin of 21.39%.
Shares of Navios Maritime (NYSE:NM) traded up $0.04 on Wednesday, reaching $1.31. The company’s stock had a trading volume of 515,494 shares, compared to its average volume of 610,922. Navios Maritime has a fifty-two week low of $0.95 and a fifty-two week high of $2.26. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 2.32. The firm has a market cap of $149.93, a PE ratio of -1.62 and a beta of 2.78.
Several analysts recently weighed in on the company. Clarkson Capital upgraded Navios Maritime from a “neutral” rating to a “buy” rating in a research report on Monday, February 12th. Zacks Investment Research upgraded Navios Maritime from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research report on Wednesday, January 17th. Jefferies Group assumed coverage on Navios Maritime in a research report on Monday, December 18th. They set a “buy” rating and a $2.00 price objective for the company. Finally, ValuEngine downgraded Navios Maritime from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $1.58.
A number of institutional investors and hedge funds have recently modified their holdings of NM. New York State Common Retirement Fund acquired a new position in Navios Maritime in the 2nd quarter worth about $131,000. SG Americas Securities LLC increased its holdings in Navios Maritime by 729.2% in the 4th quarter. SG Americas Securities LLC now owns 121,229 shares of the shipping company’s stock worth $145,000 after purchasing an additional 106,609 shares in the last quarter. Apriem Advisors increased its holdings in Navios Maritime by 53.8% in the 3rd quarter. Apriem Advisors now owns 100,000 shares of the shipping company’s stock worth $167,000 after purchasing an additional 35,000 shares in the last quarter. California State Teachers Retirement System acquired a new position in Navios Maritime in the 2nd quarter worth about $218,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in Navios Maritime in the 2nd quarter worth about $232,000. 21.52% of the stock is owned by institutional investors and hedge funds.
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About Navios Maritime
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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