Navios Maritime Holdings Inc. (NM) Rating Lowered to Sell at ValuEngine

Navios Maritime Holdings Inc. (NYSE:NM) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, May 31st.

Several other analysts also recently issued reports on the company. Zacks Investment Research upgraded Navios Maritime Holdings from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a research note on Wednesday, April 26th. Credit Suisse Group reiterated a “neutral” rating on shares of Navios Maritime Holdings in a research note on Wednesday, February 22nd. Finally, Citigroup Inc. decreased their target price on Navios Maritime Holdings from $1.50 to $1.25 and set a “sell” rating for the company in a research note on Thursday, May 25th.

Shares of Navios Maritime Holdings (NYSE:NM) opened at 1.14 on Wednesday. Navios Maritime Holdings has a 1-year low of $0.70 and a 1-year high of $2.40. The firm’s market cap is $131.29 million. The company’s 50 day moving average price is $1.35 and its 200-day moving average price is $1.63.

Navios Maritime Holdings (NYSE:NM) last posted its quarterly earnings results on Wednesday, May 24th. The shipping company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.30) by $0.07. Navios Maritime Holdings had a negative net margin of 20.55% and a negative return on equity of 13.28%. The business had revenue of $95.30 million for the quarter, compared to analyst estimates of $104.31 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. Equities analysts expect that Navios Maritime Holdings will post ($0.94) EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of NM. Phoenix Investment Adviser LLC boosted 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. Raging Capital Management LLC purchased a new position in Navios Maritime Holdings during the fourth quarter valued at approximately $1,076,000. Goldman Sachs Group Inc. boosted 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. Horseman Capital Management Ltd bought a new position in shares of Navios Maritime Holdings during the first quarter worth about $1,834,000. Finally, Royce & Associates LP boosted its position 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 worth $2,289,000 after buying an additional 247,100 shares during the last quarter. 19.70% of the stock is owned by hedge funds and other institutional investors.

About Navios Maritime Holdings

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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