Rice Hall James & Associates LLC decreased its stake in Navigator Holdings Ltd. (NYSE:NVGS) by 2.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 107,833 shares of the company’s stock after selling 2,594 shares during the period. Rice Hall James & Associates LLC’s holdings in Navigator Holdings were worth $1,240,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in Navigator Holdings by 463.4% in the first quarter. Renaissance Technologies LLC now owns 98,600 shares of the company’s stock valued at $1,592,000 after buying an additional 81,100 shares during the period. HBK Investments L P purchased a new stake in Navigator Holdings during the first quarter valued at $252,000. Huntington Asset Advisors Inc. purchased a new stake in Navigator Holdings during the first quarter valued at $123,000. First Manhattan Co. boosted its stake in Navigator Holdings by 74.5% in the second quarter. First Manhattan Co. now owns 942,167 shares of the company’s stock valued at $10,834,000 after buying an additional 402,359 shares during the period. Finally, K.J. Harrison & Partners Inc purchased a new stake in Navigator Holdings during the second quarter valued at $138,000. Institutional investors own 74.81% of the company’s stock.
Shares of Navigator Holdings Ltd. (NYSE:NVGS) traded up 1.66% on Monday, reaching $7.37. 192,885 shares of the company traded hands. The stock’s 50 day moving average price is $7.21 and its 200-day moving average price is $11.42. The stock has a market capitalization of $408.57 million, a P/E ratio of 5.26 and a beta of 1.15. Navigator Holdings Ltd. has a one year low of $6.47 and a one year high of $17.67.
Navigator Holdings (NYSE:NVGS) last announced its earnings results on Monday, August 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.04. Navigator Holdings had a net margin of 25.18% and a return on equity of 8.42%. The company had revenue of $72.54 million for the quarter, compared to the consensus estimate of $70.75 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was down 13.8% compared to the same quarter last year. Equities analysts forecast that Navigator Holdings Ltd. will post $0.82 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on NVGS shares. Jefferies Group reiterated a “buy” rating on shares of Navigator Holdings in a research report on Monday, September 12th. Morgan Stanley cut shares of Navigator Holdings from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $14.50 to $7.00 in a research report on Thursday, August 25th. Stifel Nicolaus decreased their price objective on shares of Navigator Holdings from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, July 22nd. Finally, Zacks Investment Research upgraded shares of Navigator Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.33.
Navigator Holdings Company Profile
Navigator Holdings Ltd. is an owner and operator of a fleet of handysize liquefied gas carriers. The Company provides international and regional seaborne transportation services of liquefied petroleum gas (LPG), petrochemical gases and ammonia. The Company’s fleet consists of over 40 vessels, including eight newbuilding vessels.
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