A number of other research analysts have also commented on the company. Citigroup Inc. dropped their price target on shares of Navios Maritime Holdings from $1.50 to $1.25 and set a "sell" rating on the stock in a research note on Thursday, May 25th. BidaskClub raised Navios Maritime Partners from a sell rating to a hold rating in a report on Wednesday, August 2nd.
Navios Maritime Holdings Inc. shares had a trading volume of 491K by the end of trading on Friday. JPMorgan Chase & Co. now owns 1,501,072 shares of the shipping company's stock worth $3,108,000 after acquiring an additional 970,357 shares in the last quarter. The company's market capitalization is $194.97 million. The company has a 50-day moving average price of $1.43 and a 200-day moving average price of $1.47. Navios Maritime Partners has a 12-month low of $1.15 and a 12-month high of $2.94.
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Navios Maritime Holdings (NYSE:NM) last posted its quarterly earnings results on Tuesday, August 22nd. The shipping company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.01 by $0.02. Navios Maritime Partners had a positive return on equity of 2.60% and a negative net margin of 19.50%. The company had revenue of $118.60 million during the quarter, compared to analysts' expectations of $114.27 million. Next quarter's EPS is forecasted to be $-0.11 and the next full year EPS is projected to be $-0.19. On average, equities analysts expect that Navios Maritime Holdings will post ($0.94) earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System acquired a new position in Navios Maritime Holdings during the second quarter worth $218,000. Sound Point Capital Management LP raised its holdings in Navios Maritime Partners by 7.7% during the second quarter. Goldman Sachs Group Inc. increased its position in Navios Maritime Holdings by 2.8% during the second quarter. Goldman Sachs Group Inc. now owns 881,941 shares of the shipping company's stock worth $1,208,000 after buying an additional 23,789 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Navios Maritime Partners in the second quarter valued at about $188,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Navios Maritime Holdings during the 2nd quarter valued at approximately $232,000. Advisor Group Inc. now owns 1,135,750 shares of the shipping company's stock valued at $1,555,000 after purchasing an additional 42,750 shares during the last quarter. (Navios Holdings), launched on November 19, 2002, is a global, vertically integrated seaborne shipping and logistics company. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters. The Company operates through two segments: the Dry bulk Vessel Operations and the Logistics Business.
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