D. E. Shaw & Co. Inc. bought a new position in Navigator Holdings Ltd (NYSE:NVGS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 33,022 shares of the shipping company’s stock, valued at approximately $310,000. D. E. Shaw & Co. Inc. owned approximately 0.06% of Navigator as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Cutler Group LP lifted its position in Navigator by 1,100.0% in the 4th quarter. Cutler Group LP now owns 3,000 shares of the shipping company’s stock worth $28,000 after buying an additional 3,300 shares in the last quarter. Virtu Financial LLC purchased a new stake in Navigator in the 4th quarter worth approximately $98,000. GSA Capital Partners LLP purchased a new stake in Navigator in the 4th quarter worth approximately $184,000. Northern Trust Corp lifted its position in Navigator by 1.5% in the 4th quarter. Northern Trust Corp now owns 507,891 shares of the shipping company’s stock worth $4,775,000 after buying an additional 7,536 shares in the last quarter. Finally, Gagnon Advisors LLC lifted its position in Navigator by 40.1% in the 4th quarter. Gagnon Advisors LLC now owns 532,674 shares of the shipping company’s stock worth $5,007,000 after buying an additional 152,347 shares in the last quarter. Institutional investors own 69.60% of the company’s stock.
A number of research analysts have recently weighed in on NVGS shares. ValuEngine downgraded shares of Navigator from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th. Morgan Stanley upgraded shares of Navigator from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $13.00 to $14.00 in a report on Friday, February 15th. Zacks Investment Research upgraded shares of Navigator from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Friday. Maxim Group restated a “buy” rating and set a $16.00 price target on shares of Navigator in a report on Tuesday, April 2nd. Finally, Wells Fargo & Co downgraded shares of Navigator from an “outperform” rating to a “market perform” rating in a report on Thursday, January 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Navigator has an average rating of “Buy” and a consensus price target of $14.33.
Navigator (NYSE:NVGS) last released its quarterly earnings results on Monday, April 1st. The shipping company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). The business had revenue of $78.20 million for the quarter, compared to the consensus estimate of $63.30 million. Navigator had a negative net margin of 1.85% and a negative return on equity of 0.30%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 EPS. On average, research analysts expect that Navigator Holdings Ltd will post 0.58 EPS for the current year.
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Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of December 31, 2017, it owned and operated a fleet of 38 vessels.
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