Shares of Navios Maritime Holdings Inc. (NYSE:NM) have received an average rating of “Hold” from the six brokerages that are currently covering the company. Three analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $1.00.
Separately, Zacks Investment Research downgraded shares of Navios Maritime Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday.
Several large investors have recently modified their holdings of NM. OMERS ADMINISTRATION Corp acquired a new stake in shares of Navios Maritime Holdings during the second quarter valued at about $116,000. Cubist Systematic Strategies LLC increased its stake in Navios Maritime Holdings by 241.6% in the second quarter. Cubist Systematic Strategies LLC now owns 153,891 shares of the company’s stock worth $125,000 after buying an additional 108,847 shares during the period. LMR Partners LLP purchased a new stake in Navios Maritime Holdings during the second quarter worth $129,000. Paloma Partners Management Co purchased a new stake in Navios Maritime Holdings during the second quarter worth $235,000. Finally, Pinnacle Holdings LLC increased its stake in Navios Maritime Holdings by 14.0% in the second quarter. Pinnacle Holdings LLC now owns 334,200 shares of the company’s stock worth $271,000 after buying an additional 41,000 shares during the period. 15.30% of the stock is currently owned by institutional investors.
Shares of Navios Maritime Holdings (NYSE:NM) opened at 1.68 on Tuesday. Navios Maritime Holdings has a 12 month low of $0.57 and a 12 month high of $2.40. The firm’s market capitalization is $178.10 million. The stock’s 50 day moving average price is $1.26 and its 200-day moving average price is $1.07.
Navios Maritime Holdings (NYSE:NM) last posted its earnings results on Tuesday, November 22nd. The company reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.01. The firm had revenue of $113.09 million for the quarter, compared to the consensus estimate of $130.96 million. Navios Maritime Holdings had a negative net margin of 31.91% and a negative return on equity of 8.74%. The business’s quarterly revenue was down 13.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.23) earnings per share. On average, equities analysts anticipate that Navios Maritime Holdings will post ($0.94) earnings per share for the current fiscal year.