An issue of Navios Maritime Holdings Inc. (NYSE:NM) debt rose 1.1% against its face value during trading on Monday. The debt issue has a 8.125% coupon and is set to mature on February 15, 2019. The bonds in the issue are now trading at $86.63 and were trading at $84.38 last week. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its stock price.
A number of research analysts recently weighed in on the stock. Credit Suisse Group AG reissued a “neutral” rating on shares of Navios Maritime Holdings in a report on Wednesday, February 22nd. Zacks Investment Research lowered shares of Navios Maritime Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th.
Navios Maritime Holdings Inc. (NYSE:NM) traded down 2.21% on Monday, hitting $1.77. 580,216 shares of the company were exchanged. The stock’s 50-day moving average price is $1.83 and its 200-day moving average price is $1.48. Navios Maritime Holdings Inc. has a 52-week low of $0.57 and a 52-week high of $2.40. The stock’s market capitalization is $196.41 million.
Navios Maritime Holdings (NYSE:NM) last announced its quarterly earnings results on Wednesday, February 22nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.27) by $0.01. Navios Maritime Holdings had a negative net margin of 31.91% and a negative return on equity of 8.83%. The company earned $99.50 million during the quarter, compared to analyst estimates of $111.75 million. During the same period in the previous year, the firm posted ($0.30) earnings per share. The company’s revenue was down 11.0% compared to the same quarter last year. On average, equities research analysts anticipate that Navios Maritime Holdings Inc. will post ($0.94) earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royce & Associates LP increased 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 company’s stock worth $2,289,000 after buying an additional 247,100 shares during the last quarter. Raging Capital Management LLC bought a new position in shares of Navios Maritime Holdings during the fourth quarter worth about $1,076,000. California Public Employees Retirement System increased its position in shares of Navios Maritime Holdings by 1.1% in the third quarter. California Public Employees Retirement System now owns 1,994,400 shares of the company’s stock worth $2,413,000 after buying an additional 22,600 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Navios Maritime Holdings by 37.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,748,802 shares of the company’s stock worth $2,466,000 after buying an additional 475,200 shares during the last quarter. Finally, Warlander Asset Management LP bought a new position in shares of Navios Maritime Holdings during the fourth quarter worth about $3,757,000. 11.31% of the stock is owned by institutional investors.
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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.
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