Navios Maritime Holdings Inc. (NYSE:NM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.
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. “
Separately, Credit Suisse Group AG restated a “neutral” rating on shares of Navios Maritime Holdings in a report on Wednesday, February 22nd.
Shares of Navios Maritime Holdings (NYSE:NM) traded up 1.11% during trading on Thursday, reaching $1.82. 599,391 shares of the company’s stock were exchanged. The company has a 50 day moving average of $1.77 and a 200 day moving average of $1.59. Navios Maritime Holdings has a 12-month low of $0.57 and a 12-month high of $2.40. The stock’s market cap is $201.96 million.
Navios Maritime Holdings (NYSE:NM) last announced its earnings results on Wednesday, February 22nd. The shipping company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by $0.01. The business had revenue of $99.50 million for the quarter, compared to the consensus estimate of $111.75 million. Navios Maritime Holdings had a negative return on equity of 8.83% and a negative net margin of 31.91%. Navios Maritime Holdings’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.30) EPS. Equities research analysts anticipate that Navios Maritime Holdings will post ($0.94) EPS for the current year.
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Several hedge funds have recently made changes to their positions in the company. Warlander Asset Management LP acquired a new stake in shares of Navios Maritime Holdings during the fourth quarter valued at approximately $3,757,000. Raging Capital Management LLC acquired a new stake in shares of Navios Maritime Holdings during the fourth quarter valued at approximately $1,076,000. Renaissance Technologies LLC boosted its stake in shares of Navios Maritime Holdings by 37.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,748,802 shares of the shipping company’s stock valued at $2,466,000 after buying an additional 475,200 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Navios Maritime Holdings by 18.0% in the fourth quarter. Royce & Associates LP now owns 1,623,449 shares of the shipping company’s stock valued at $2,289,000 after buying an additional 247,100 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of Navios Maritime Holdings by 10.1% in the third quarter. Advisor Group Inc. now owns 1,220,777 shares of the shipping company’s stock valued at $1,476,000 after buying an additional 111,748 shares during the last quarter. Institutional investors own 11.31% of the company’s stock.
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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