Navios Maritime Holdings Inc. (NYSE:NM) shares rose 6.1% during mid-day trading on Monday . The company traded as high as $1.24 and last traded at $1.22. Approximately 504,128 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 625,174 shares. The stock had previously closed at $1.15.
NM has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Navios Maritime from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research note on Wednesday, January 10th. Clarkson Capital upgraded Navios Maritime from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. ValuEngine downgraded Navios Maritime from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 14th. Finally, Jefferies Group began coverage on Navios Maritime in a research note on Monday, December 18th. They set a “buy” rating and a $2.00 price target for the company. Three research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $1.58.
The company has a debt-to-equity ratio of 2.32, a current ratio of 1.02 and a quick ratio of 0.91. The stock has a market cap of $134.70, a P/E ratio of -0.80 and a beta of 2.62.
Several hedge funds have recently bought and sold shares of the company. PenderFund Capital Management Ltd. bought a new position in Navios Maritime in the 4th quarter worth about $2,201,000. State Street Corp boosted its stake in Navios Maritime by 2,467.0% in the 2nd quarter. State Street Corp now owns 1,012,873 shares of the shipping company’s stock worth $1,388,000 after purchasing an additional 973,416 shares during the period. Jefferies Group LLC boosted its stake in Navios Maritime by 109.7% in the 4th quarter. Jefferies Group LLC now owns 1,504,542 shares of the shipping company’s stock worth $1,805,000 after purchasing an additional 787,238 shares during the period. Northern Trust Corp bought a new position in Navios Maritime in the 2nd quarter worth about $1,065,000. Finally, 683 Capital Management LLC bought a new position in Navios Maritime in the 3rd quarter worth about $501,000. Institutional investors own 23.63% of the company’s stock.
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Navios Maritime 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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