Mad River Investors acquired a new position in shares of Navigator Holdings Ltd. (NYSE:NVGS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 84,400 shares of the company’s stock, valued at approximately $971,000. Navigator Holdings comprises approximately 1.2% of Mad River Investors’ holdings, making the stock its 22nd largest position.
A number of other large investors also recently added to or reduced their stakes in NVGS. Royce & Associates LP increased its stake in Navigator Holdings by 7.5% in the first quarter. Royce & Associates LP now owns 346,000 shares of the company’s stock worth $5,588,000 after buying an additional 24,000 shares in the last quarter. Huntington Asset Advisors Inc. bought a new stake in Navigator Holdings during the first quarter worth approximately $123,000. NFC Investments LLC bought a new stake in Navigator Holdings during the first quarter worth approximately $5,478,000. HBK Investments L P bought a new stake in Navigator Holdings during the first quarter worth approximately $252,000. Finally, First Manhattan Co. increased its stake in Navigator Holdings by 74.5% in the second quarter. First Manhattan Co. now owns 942,167 shares of the company’s stock worth $10,834,000 after buying an additional 402,359 shares in the last quarter. Institutional investors and hedge funds own 74.80% of the company’s stock.
Shares of Navigator Holdings Ltd. (NYSE:NVGS) traded up 2.19% during midday trading on Tuesday, hitting $7.00. The company’s stock had a trading volume of 186,156 shares. The company has a 50-day moving average price of $7.06 and a 200 day moving average price of $11.01. The company has a market cap of $388.06 million, a P/E ratio of 5.00 and a beta of 1.15. Navigator Holdings Ltd. has a 1-year low of $6.47 and a 1-year high of $17.67.
Navigator Holdings (NYSE:NVGS) last released its quarterly earnings data on Monday, August 8th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.04. Navigator Holdings had a net margin of 25.18% and a return on equity of 8.42%. The firm had revenue of $72.54 million for the quarter, compared to analyst estimates of $70.75 million. During the same period last year, the business earned $0.49 EPS. The company’s revenue was down 13.8% compared to the same quarter last year. On average, equities research analysts predict that Navigator Holdings Ltd. will post $0.82 EPS for the current year.
A number of equities research analysts recently commented on NVGS shares. Stifel Nicolaus dropped their price objective on Navigator Holdings from $25.00 to $18.00 and set a “buy” rating for the company in a report on Friday, July 22nd. Jefferies Group set a $15.00 price target on Navigator Holdings and gave the stock a “buy” rating in a report on Wednesday, July 27th. Morgan Stanley downgraded Navigator Holdings from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $14.50 to $7.00 in a report on Thursday, August 25th. Finally, Zacks Investment Research upgraded Navigator Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 28th. Three research analysts have rated the stock with a sell rating and two have given a buy rating to the company. Navigator Holdings has an average rating of “Hold” and a consensus target price of $13.33.
Navigator Holdings Company Profile
Navigator Holdings Ltd. is an owner and operator of a fleet of handysize liquefied gas carriers. The Company provides international and regional seaborne transportation services of liquefied petroleum gas (LPG), petrochemical gases and ammonia. The Company’s fleet consists of over 40 vessels, including eight newbuilding vessels.
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