Advisor Group Inc. decreased its holdings in shares of Navios Maritime Holdings Inc (NYSE:NM) by 12.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 727,250 shares of the shipping company’s stock after selling 100,250 shares during the quarter. Advisor Group Inc.’s holdings in Navios Maritime were worth $873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the business. PenderFund Capital Management Ltd. bought a new position in shares of Navios Maritime in the fourth quarter worth $2,201,000. Macquarie Group Ltd. bought a new position in shares of Navios Maritime in the third quarter worth $344,000. Northern Trust Corp bought a new position in shares of Navios Maritime in the second quarter worth $1,065,000. 683 Capital Management LLC bought a new position in shares of Navios Maritime in the third quarter worth $501,000. Finally, SG Americas Securities LLC increased its holdings in shares of Navios Maritime by 729.2% in the fourth quarter. SG Americas Securities LLC now owns 121,229 shares of the shipping company’s stock worth $145,000 after purchasing an additional 106,609 shares during the period. 23.63% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on NM shares. Clarkson Capital raised shares of Navios Maritime from a “neutral” rating to a “buy” rating in a report on Monday, February 12th. Jefferies Group started coverage on shares of Navios Maritime in a report on Monday, December 18th. They issued a “buy” rating and a $2.00 price target on the stock. Zacks Investment Research raised shares of Navios Maritime from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. cut shares of Navios Maritime from a “neutral” rating to an “underweight” rating in a report on Friday. Four investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $1.58.
Navios Maritime (NYSE:NM) last released its earnings results on Wednesday, February 21st. The shipping company reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.01. The business had revenue of $128.53 million for the quarter, compared to analysts’ expectations of $134.69 million. Navios Maritime had a negative return on equity of 15.58% and a negative net margin of 37.28%. equities analysts forecast that Navios Maritime Holdings Inc will post -0.53 EPS for the current year.
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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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