Navigator Holdings Ltd (NVGS) Shares Sold by Paloma Partners Management Co

Paloma Partners Management Co lowered its stake in Navigator Holdings Ltd (NYSE:NVGS) by 23.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,000 shares of the shipping company’s stock after selling 12,342 shares during the period. Paloma Partners Management Co owned 0.07% of Navigator worth $394,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NVGS. Wells Fargo & Company MN raised its stake in shares of Navigator by 218.9% during the fourth quarter. Wells Fargo & Company MN now owns 989,591 shares of the shipping company’s stock valued at $9,748,000 after acquiring an additional 679,250 shares during the last quarter. Gagnon Securities LLC raised its stake in shares of Navigator by 33.7% during the third quarter. Gagnon Securities LLC now owns 774,072 shares of the shipping company’s stock valued at $8,592,000 after acquiring an additional 195,181 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Navigator by 68.9% during the fourth quarter. Frontier Capital Management Co. LLC now owns 682,940 shares of the shipping company’s stock valued at $6,727,000 after acquiring an additional 278,560 shares during the last quarter. First Manhattan Co. raised its stake in shares of Navigator by 24.8% during the fourth quarter. First Manhattan Co. now owns 680,725 shares of the shipping company’s stock valued at $6,705,000 after acquiring an additional 135,325 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Navigator by 518.5% during the second quarter. Northern Trust Corp now owns 361,541 shares of the shipping company’s stock valued at $3,001,000 after acquiring an additional 303,090 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

How to Become a New Pot Stock Millionaire

Several equities analysts have recently issued reports on NVGS shares. Jefferies Group started coverage on shares of Navigator in a research note on Monday, December 18th. They set a “buy” rating and a $15.00 price target for the company. Maxim Group reissued a “buy” rating and set a $16.00 target price (up previously from $14.50) on shares of Navigator in a research note on Monday, March 5th. Morgan Stanley raised shares of Navigator from an “underweight” rating to an “equal weight” rating and set a $13.00 target price for the company in a research note on Monday, February 12th. Zacks Investment Research raised shares of Navigator from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Finally, ValuEngine downgraded shares of Navigator from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $13.90.

Navigator stock opened at $11.55 on Friday. Navigator Holdings Ltd has a 52 week low of $7.00 and a 52 week high of $14.75. The firm has a market cap of $641.39, a price-to-earnings ratio of 77.00, a P/E/G ratio of 2.97 and a beta of 1.32. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.94 and a current ratio of 1.02.

Navigator (NYSE:NVGS) last announced its earnings results on Monday, March 5th. The shipping company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Navigator had a return on equity of 0.84% and a net margin of 1.78%. The firm had revenue of $76.70 million for the quarter, compared to the consensus estimate of $60.02 million. During the same period in the prior year, the business earned $0.14 EPS. Navigator’s quarterly revenue was up 1.6% on a year-over-year basis. analysts expect that Navigator Holdings Ltd will post 0.43 EPS for the current fiscal year.

WARNING: “Navigator Holdings Ltd (NVGS) Shares Sold by Paloma Partners Management Co” was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3299694/navigator-holdings-ltd-nvgs-shares-sold-by-paloma-partners-management-co.html.

Navigator 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. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.

Want to see what other hedge funds are holding NVGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Navigator Holdings Ltd (NYSE:NVGS).

Institutional Ownership by Quarter for Navigator (NYSE:NVGS)

Receive News & Ratings for Navigator Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navigator and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Porvair  Plans Dividend Increase – GBX 2.70 Per Share
Porvair Plans Dividend Increase – GBX 2.70 Per Share
Fresnillo plc  Plans Dividend of $0.30
Fresnillo plc Plans Dividend of $0.30
Flowers Foods  Lowered to Hold at Zacks Investment Research
Flowers Foods Lowered to Hold at Zacks Investment Research
Geopark  Upgraded to “Buy” at Zacks Investment Research
Geopark Upgraded to “Buy” at Zacks Investment Research
Marten Transport  Upgraded to “Strong-Buy” by BidaskClub
Marten Transport Upgraded to “Strong-Buy” by BidaskClub
James River Group  Downgraded to “Sell” at BidaskClub
James River Group Downgraded to “Sell” at BidaskClub


© 2006-2018 Ticker Report. Google+.