Apriem Advisors grew its stake in shares of Navios Maritime Holdings Inc. (NYSE:NM) by 53.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,000 shares of the shipping company’s stock after purchasing an additional 35,000 shares during the period. Apriem Advisors owned about 0.09% of Navios Maritime worth $167,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in NM. Goldman Sachs Group Inc. raised its position in Navios Maritime by 2.8% during the second quarter. Goldman Sachs Group Inc. now owns 881,941 shares of the shipping company’s stock valued at $1,208,000 after buying an additional 23,789 shares during the period. Royce & Associates LP raised its position in Navios Maritime by 2.2% during the second quarter. Royce & Associates LP now owns 1,606,349 shares of the shipping company’s stock valued at $2,201,000 after buying an additional 35,000 shares during the period. Advisor Group Inc. raised its position in Navios Maritime by 3.9% during the second quarter. Advisor Group Inc. now owns 1,135,750 shares of the shipping company’s stock valued at $1,555,000 after buying an additional 42,750 shares during the period. Rhumbline Advisers acquired a new position in Navios Maritime during the second quarter valued at $107,000. Finally, New York State Common Retirement Fund acquired a new position in Navios Maritime during the second quarter valued at $131,000. 19.87% of the stock is owned by institutional investors and hedge funds.
Shares of Navios Maritime Holdings Inc. (NYSE:NM) traded down $0.08 during mid-day trading on Thursday, reaching $1.25. The company’s stock had a trading volume of 861,900 shares, compared to its average volume of 891,664. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 2.32. Navios Maritime Holdings Inc. has a 12 month low of $0.95 and a 12 month high of $2.26.
Navios Maritime (NYSE:NM) last issued its earnings results on Tuesday, November 21st. The shipping company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.04). Navios Maritime had a negative return on equity of 17.18% and a negative net margin of 21.39%. The firm had revenue of $120.60 million during the quarter, compared to analyst estimates of $138.00 million. During the same period in the previous year, the company earned ($0.25) earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. equities research analysts expect that Navios Maritime Holdings Inc. will post -1.1 earnings per share for the current fiscal year.
Several research analysts recently weighed in on NM shares. ValuEngine raised Navios Maritime from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Zacks Investment Research lowered Navios Maritime from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Finally, Clarkson Capital lowered Navios Maritime from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $1.63.
About Navios Maritime
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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