Today, Navios Maritime Holdings Inc. (NM) Cut to “Hold” at The Zacks Investment Research

Today, Navios Maritime Holdings Inc. (NM) Cut to “Hold” at The Zacks Investment Research

Zacks Investment Research downgraded shares of Navios Maritime Holdings Inc. (NYSE:NM) from a buy rating to a hold rating in a research note published on Tuesday.

According to Zacks, “Navios Maritime Holdings Inc. is a seaborne shipping and logistics company engaged in the transport and transshipment of drybulk commodities including iron ore, coal and grain. It operates in three segments: Drybulk Vessel Operations, Tanker Vessel Operations and Logistics Business. The Company also engages in operating ports and transfer station terminals and handles vessels, barges, and push boats, as well as operates upriver transport facilities in the Hidrovia region. Navios Maritime Holdings Inc. is headquartered in Piraeus, Greece. “

Navios Maritime Holdings (NYSE:NM) opened at 1.68 on Tuesday. The company has a 50-day moving average price of $1.26 and a 200 day moving average price of $1.07. Navios Maritime Holdings has a 52 week low of $0.57 and a 52 week high of $2.40. The company’s market cap is $178.10 million.

Navios Maritime Holdings (NYSE:NM) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.01. Navios Maritime Holdings had a negative return on equity of 8.74% and a negative net margin of 31.91%. The company had revenue of $113.09 million for the quarter, compared to analysts’ expectations of $130.96 million. During the same period in the previous year, the firm posted ($0.23) EPS. Navios Maritime Holdings’s revenue was down 13.7% compared to the same quarter last year. On average, equities research analysts forecast that Navios Maritime Holdings will post ($0.94) EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of NM. Advisor Group Inc. boosted its position in shares of Navios Maritime Holdings by 10.1% in the third quarter. Advisor Group Inc. now owns 1,220,777 shares of the company’s stock valued at $1,476,000 after buying an additional 111,748 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Navios Maritime Holdings by 1.1% in the third quarter. California Public Employees Retirement System now owns 1,994,400 shares of the company’s stock valued at $2,413,000 after buying an additional 22,600 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Navios Maritime Holdings by 241.6% in the second quarter. Cubist Systematic Strategies LLC now owns 153,891 shares of the company’s stock valued at $125,000 after buying an additional 108,847 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Navios Maritime Holdings during the second quarter valued at $235,000. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Navios Maritime Holdings by 37.2% in the second quarter. Parametric Portfolio Associates LLC now owns 2,272,883 shares of the company’s stock valued at $1,841,000 after buying an additional 616,693 shares in the last quarter. Institutional investors and hedge funds own 15.30% of the company’s stock.

Navios Maritime Holdings Company Profile

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.

Related posts

Leave a Comment