Shares of Navios Maritime Holdings Inc. (NYSE:NM) have earned a consensus rating of “Hold” from the eight brokerages that are currently covering the company. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $1.13.
Separately, Zacks Investment Research upgraded shares of Navios Maritime Holdings from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a research note on Wednesday, August 31st.
Shares of Navios Maritime Holdings (NYSE:NM) traded up 5.26% during mid-day trading on Tuesday, hitting $1.20. 1,101,187 shares of the stock traded hands. The firm has a 50 day moving average of $1.13 and a 200 day moving average of $1.06. The stock’s market cap is $127.21 million. Navios Maritime Holdings has a 12 month low of $0.57 and a 12 month high of $2.61.
Navios Maritime Holdings (NYSE:NM) last posted its quarterly earnings data on Thursday, August 25th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.20) by $0.09. The firm had revenue of $105.70 million for the quarter, compared to the consensus estimate of $112.07 million. Navios Maritime Holdings had a negative return on equity of 8.41% and a negative net margin of 29.44%. The company’s revenue was down 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.27) EPS. On average, equities analysts expect that Navios Maritime Holdings will post ($0.94) EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp acquired a new stake in Navios Maritime Holdings during the second quarter valued at approximately $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 valued at $125,000 after buying an additional 108,847 shares during the period. LMR Partners LLP acquired a new stake in Navios Maritime Holdings during the second quarter valued at approximately $129,000. Paloma Partners Management Co acquired a new stake in Navios Maritime Holdings during the second quarter valued at approximately $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 valued at $271,000 after buying an additional 41,000 shares during the period. 15.50% of the stock is currently owned by institutional investors and hedge funds.
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.
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