Shares of Navios Maritime Holdings Inc. (NYSE:NM) dropped 0% during mid-day trading on Tuesday . The company traded as low as $1.33 and last traded at $1.58. Approximately 355,100 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 904,584 shares. The stock had previously closed at $1.58.
NM has been the subject of a number of recent research reports. ValuEngine raised Navios Maritime Holdings from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research raised Navios Maritime Holdings from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research report on Tuesday, October 31st. Finally, Clarkson Capital downgraded Navios Maritime Holdings from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Navios Maritime Holdings currently has a consensus rating of “Hold” and an average price target of $1.63.
The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 2.32.
Navios Maritime Holdings (NYSE:NM) last announced its quarterly earnings results on Tuesday, August 22nd. The shipping company reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. The company had revenue of $118.60 million during the quarter, compared to analysts’ expectations of $114.27 million. Navios Maritime Holdings had a negative return on equity of 16.83% and a negative net margin of 20.64%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.29) earnings per share. equities research analysts predict that Navios Maritime Holdings Inc. will post -0.82 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in shares of 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 purchasing an additional 615,981 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Navios Maritime Holdings during the second quarter valued at $341,000. Royce & Associates LP boosted its stake in Navios Maritime Holdings by 2.2% during the second quarter. Royce & Associates LP now owns 1,606,349 shares of the shipping company’s stock valued at $2,201,000 after buying an additional 35,000 shares during the period. Virtu KCG Holdings LLC bought a new stake in Navios Maritime Holdings during the second quarter valued at $250,000. Finally, Advisor Group Inc. boosted its stake in Navios Maritime Holdings by 3.9% during the second quarter. Advisor Group Inc. now owns 1,135,750 shares of the shipping company’s stock valued at $1,555,000 after buying an additional 42,750 shares during the period. Institutional investors own 21.22% of the company’s stock.
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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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