An issue of Navios Maritime Holdings Inc. (NYSE:NM) debt fell 1.3% as a percentage of its face value during trading on Wednesday. The high-yield debt issue has a 7.375% coupon and will mature on January 15, 2022. The debt is now trading at $75.37 and was trading at $75.75 last week. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.
Several research analysts have recently issued reports on NM shares. JPMorgan Chase & Co. downgraded shares of Navios Maritime from a “neutral” rating to an “underweight” rating in a research note on Friday, March 23rd. Zacks Investment Research upgraded shares of Navios Maritime from a “sell” rating to a “hold” rating in a research note on Tuesday, May 15th. Finally, ValuEngine upgraded shares of Navios Maritime from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Navios Maritime currently has a consensus rating of “Hold” and an average price target of $1.75.
Navios Maritime stock remained flat at $$0.86 during midday trading on Wednesday. 390,100 shares of the company were exchanged, compared to its average volume of 785,138. The company has a market capitalization of $99.56 million, a P/E ratio of -0.85 and a beta of 2.65. Navios Maritime Holdings Inc. has a 12 month low of $0.68 and a 12 month high of $1.90. The company has a current ratio of 1.02, a quick ratio of 0.90 and a debt-to-equity ratio of 3.00.
Navios Maritime (NYSE:NM) last issued its quarterly earnings data on Tuesday, May 15th. The shipping company reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.04). The company had revenue of $116.88 million for the quarter, compared to the consensus estimate of $128.39 million. Navios Maritime had a negative net margin of 33.99% and a negative return on equity of 16.02%. equities research analysts predict that Navios Maritime Holdings Inc. will post -0.86 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of NM. GSA Capital Partners LLP bought a new position in Navios Maritime in the first quarter worth approximately $279,000. PenderFund Capital Management Ltd. raised its position in Navios Maritime by 91.7% in the first quarter. PenderFund Capital Management Ltd. now owns 2,993,001 shares of the shipping company’s stock worth $2,454,000 after acquiring an additional 1,432,039 shares during the period. Macquarie Group Ltd. raised its position in Navios Maritime by 33.1% in the fourth quarter. Macquarie Group Ltd. now owns 274,011 shares of the shipping company’s stock worth $329,000 after acquiring an additional 68,111 shares during the period. Deutsche Bank AG raised its position in Navios Maritime by 145.6% in the fourth quarter. Deutsche Bank AG now owns 205,114 shares of the shipping company’s stock worth $245,000 after acquiring an additional 121,589 shares during the period. Finally, Jefferies Group LLC raised its position in Navios Maritime by 109.7% in the fourth quarter. Jefferies Group LLC now owns 1,504,542 shares of the shipping company’s stock worth $1,805,000 after acquiring an additional 787,238 shares during the period. Institutional investors own 22.41% of the company’s stock.
Navios Maritime Company Profile
Navios Maritime Holdings Inc operates as a seaborne shipping and logistics company in North America, Europe, Asia, South America, and internationally. The company focuses on the transportation and transshipment of dry bulk commodities, including iron ores, coal, and grains. It operates through two segments, Dry Bulk Vessel Operations and Logistics Business.
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