LMR Partners LLP purchased a new stake in Navios Maritime Holdings Inc. (NYSE:NM) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 158,653 shares of the company’s stock, valued at approximately $129,000.
Separately, Renaissance Technologies LLC boosted its position in shares of Navios Maritime Holdings by 100.7% in the first quarter. Renaissance Technologies LLC now owns 520,302 shares of the company’s stock worth $588,000 after buying an additional 261,000 shares in the last quarter. 15.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Navios Maritime Holdings Inc. (NYSE:NM) traded up 2.80% during midday trading on Friday, hitting $1.10. The company had a trading volume of 476,477 shares. The firm’s 50-day moving average is $1.13 and its 200-day moving average is $1.06. Navios Maritime Holdings Inc. has a 12-month low of $0.57 and a 12-month high of $2.70. The firm’s market capitalization is $116.61 million.
Navios Maritime Holdings (NYSE:NM) last released its earnings results on Thursday, August 25th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.20) by $0.09. Navios Maritime Holdings had a negative net margin of 29.44% and a negative return on equity of 8.41%. The company earned $105.70 million during the quarter, compared to analyst estimates of $112.07 million. During the same period in the previous year, the company posted ($0.27) EPS. The company’s quarterly revenue was down 11.8% compared to the same quarter last year. On average, analysts predict that Navios Maritime Holdings Inc. will post ($0.94) earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised Navios Maritime Holdings from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a research note on Thursday, June 23rd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $1.13.
About Navios Maritime Holdings
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.
Want to see what other hedge funds are holding NM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Navios Maritime Holdings Inc. (NYSE:NM).
Receive News & Ratings for Navios Maritime Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.